The Influence of J

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Questions and Answers

Which president stopped the coinage of silver in 1806?

  • Jefferson (correct)
  • Jackson
  • Bimetallic System
  • Biddle

Which banking policy led to the removal of silver from the money supply?

  • The Federal Reserve Act
  • The Bankrupt State Banks
  • The Panic of 1837
  • The Crime of '73 (correct)

Who was the president of the Second Bank of the United States?

  • Andrew Jackson
  • Nicholas Biddle (correct)
  • William Jennings Bryan
  • Thomas Jefferson

Which committee investigated the interconnectedness of boards in the banking system?

<p>The Pujo Committee (B)</p> Signup and view all the answers

Which of the following was NOT one of Hamilton's proposals for the First Bank?

<p>Pay off foreign debt (B)</p> Signup and view all the answers

What was one of the main reasons why Jefferson thought the First Bank was unconstitutional?

<p>The bank's stock was mostly held by foreigners (B)</p> Signup and view all the answers

What event led to the realization of the necessity of a central bank for the Jeffersonians?

<p>The War of 1812 (D)</p> Signup and view all the answers

Which monetary system was the US decimal system based on?

<p>C. British (C)</p> Signup and view all the answers

What government corporation did Hoover create which would later experience increased funding during FDR’s administration?

<p>C. Reconstruction Finance Corporation (C)</p> Signup and view all the answers

What about the Second Bank is different from the First Bank?

<p>A. Had to pay the federal govt. a bonus of 1.5m (C)</p> Signup and view all the answers

Which act forbade intercorporate stockholding and price discrimination?

<p>C. Clayton Antitrust Act of 1914 (C)</p> Signup and view all the answers

Who was responsible for the shipping of perishable ice to the Far East?

<p>A. Frederic Tudor (A)</p> Signup and view all the answers

Which act forbade intercorporate stockholding and price discrimination that lessened competition?

<p>A. Clayton Antitrust Act of 1914 (D)</p> Signup and view all the answers

What event led to the declaration of a bank holiday by Roosevelt on March 6th, 1933?

<p>A. The Great Depression (D)</p> Signup and view all the answers

Which country was liberated from Colombia and acquired French rights for building the Panama Canal?

<p>A. Panama (B)</p> Signup and view all the answers

Who was responsible for the shipping of perishable ice to the Far East?

<p>A. Frederic Tudor (A)</p> Signup and view all the answers

What act forbade intercorporate stockholding and price discrimination?

<p>A. Clayton Antitrust Act of 1914 (C)</p> Signup and view all the answers

Which country was liberated from Colombia and acquired French rights for building the Panama Canal?

<p>D. Panama (B)</p> Signup and view all the answers

What was one of the main reasons why Jefferson thought the First Bank was unconstitutional?

<p>A. It would give too much power to the federal government (A)</p> Signup and view all the answers

Which president stopped the coinage of silver in 1806?

<p>B. Thomas Jefferson (C)</p> Signup and view all the answers

Which banking policy led to the removal of silver from the money supply?

<p>C. The Specie Circular (A)</p> Signup and view all the answers

What event led to the declaration of a bank holiday by Roosevelt on March 6th, 1933?

<p>B. The Great Depression (A)</p> Signup and view all the answers

Which political parties emerged as a result of Hamilton's proposals for the First Bank?

<p>Federalists and Democrat-Republicans (D)</p> Signup and view all the answers

What was one of the reasons why Southerners disliked the First Bank?

<p>They thought it favored the North (B)</p> Signup and view all the answers

Why was the charter of the First Bank not renewed in 1811?

<p>Disorganized payments (B)</p> Signup and view all the answers

What event showed the Jeffersonians the necessity of a central bank?

<p>War of 1812 (B)</p> Signup and view all the answers

What was one of the similarities between the First Bank and the Second Bank?

<p>Government had 1/5 of the stock (C)</p> Signup and view all the answers

What was one of the differences between the First Bank and the Second Bank?

<p>The character of government prescription (B)</p> Signup and view all the answers

What did Hamilton argue would help establish credit?

<p>Paying debts in full (B)</p> Signup and view all the answers

Which of the following acts resulted in the creation of the Federal Deposit Insurance Corporation?

<p>Glass-Steagall Banking Act (A)</p> Signup and view all the answers

The Federal Reserve System was originally intended to:

<p>Conduct Monetary Policy (A)</p> Signup and view all the answers

Introducing more silver into the money supply would positively affect:

<p>Debtors (A)</p> Signup and view all the answers

Certificates of Deposits (CDs) experienced a wide success in the 1960s, with a dollar amount invested in the first seven years reaching:

<p>$44 bn (D)</p> Signup and view all the answers

During 1790-1807 total US exports increased:

<p>5x (60M &gt; 300M) (A)</p> Signup and view all the answers

What government corporation did Hoover create which would later experience increased funding during FDR’s administration?

<p>Reconstruction Finance Corporation (C)</p> Signup and view all the answers

Which of the following is NOT a reason Jeffersonians realized the necessity of a national bank after the War of 1812?

<p>Uniform currency faced massive inflation (A)</p> Signup and view all the answers

Who of the following became the Governor of the Federal Reserve Bank of New York?

<p>Benjamin Strong Jr. (A)</p> Signup and view all the answers

Which act forbade intercorporate stockholding and price discrimination?

<p>Clayton Antitrust Act of 1914 (C)</p> Signup and view all the answers

Which president reorganized the Second Bank under new leadership and conservative lines?

<p>Nicholas Biddle (D)</p> Signup and view all the answers

Which of the following statements about the Second Bank is true?

<p>It was almost bankrupt in 1823 (D)</p> Signup and view all the answers

Which act resulted in the removal of silver from the money supply?

<p>The Sherman Silver Purchase Act (D)</p> Signup and view all the answers

Which committee investigated the interconnectedness of boards in the banking system?

<p>The Pujo Committee (A)</p> Signup and view all the answers

Which of the following was NOT one of Hamilton's proposals for the First Bank?

<p>Pay a $1.5 million bonus for a monopoly (C)</p> Signup and view all the answers

What was one of the main reasons why Jefferson thought the First Bank was unconstitutional?

<p>The bank had a monopoly (D)</p> Signup and view all the answers

What event led to the realization of the necessity of a central bank for the Jeffersonians?

<p>The War of 1812 (D)</p> Signup and view all the answers

Who was responsible for the shipping of perishable ice to the Far East?

<p>A. Frederic Tudor (A)</p> Signup and view all the answers

What event led to the declaration of a bank holiday by Roosevelt on March 6th, 1933?

<p>D. The Emergency Banking Act (B)</p> Signup and view all the answers

Which of the following acts resulted in the creation of the Federal Deposit Insurance Corporation?

<p>C. The Glass-Steagall Banking Act of 1933 (A)</p> Signup and view all the answers

Which country was liberated from Colombia and acquired French rights for building the Panama Canal?

<p>C. Panama (C)</p> Signup and view all the answers

Which president reorganized the Second Bank under new leadership and conservative lines?

<p>Andrew Jackson (A)</p> Signup and view all the answers

What was the main reason for the declaration of a bank holiday by Roosevelt on March 6th, 1933?

<p>To prevent further bank failures (A)</p> Signup and view all the answers

What was the purpose of the Federal Reserve System when it was originally established?

<p>To facilitate commercial banking (D)</p> Signup and view all the answers

Which committee investigated the interconnectedness of boards in the banking system?

<p>Pujo Committee (C)</p> Signup and view all the answers

What event led to the realization of the necessity of a central bank for the Jeffersonians?

<p>The Biddle's Panic (C)</p> Signup and view all the answers

What was one of the main reasons why Jefferson thought the First Bank was unconstitutional?

<p>It violated states' rights (B)</p> Signup and view all the answers

What act resulted in the removal of silver from the money supply?

<p>National Bank Act (D)</p> Signup and view all the answers

Which monetary system was the US decimal system based on?

<p>C. British (D)</p> Signup and view all the answers

The world has been divided into three great trading blocks:

<p>C. North America, Europe, Asia (A)</p> Signup and view all the answers

Who owned 87% of New York City Central shares during the 19th century?

<p>A. William H. Vanderbilt (B)</p> Signup and view all the answers

Which of the following acts resulted in the creation of the Federal Deposit Insurance Corporation?

<p>D. Banking Act of 1935 (A)</p> Signup and view all the answers

The Federal Reserve System was originally intended to:

<p>B. Conduct Monetary Policy (A)</p> Signup and view all the answers

Introducing more silver into the money supply would positively affect:

<p>C. Debtors (A)</p> Signup and view all the answers

Certificates of Deposits (CDs) experienced a wide success in the 1960s, with a dollar amount invested in the first seven years reaching:

<p>B. $20 bn (B)</p> Signup and view all the answers

During 1790-1807 total US exports increased:

<p>A. 5x (60M &gt; 300M) (B)</p> Signup and view all the answers

What government corporation did Hoover create which would later experience increased funding during FDR’s administration?

<p>C. Reconstruction Finance Corporation (C)</p> Signup and view all the answers

Which of the following is NOT a reason Jeffersonians realized the necessity of a national bank after the War of 1812?

<p>A. War time currency was disorganized (B)</p> Signup and view all the answers

Who of the following became the Governor of the Federal Reserve Bank of New York?

<p>A. Benjamin Strong Jr. (A)</p> Signup and view all the answers

Which act forbade intercorporate stockholding and price discrimination?

<p>C. Clayton Antitrust Act of 1914 (D)</p> Signup and view all the answers

What about the Second Bank is different from the First Bank?

<p>C. Had a 20 year charter (B)</p> Signup and view all the answers

The AID program helped fuel which American industry?

<p>C. Agriculture (A)</p> Signup and view all the answers

Which president reorganized the Second Bank of the United States under new leadership and conservative lines?

<p>James Madison (B)</p> Signup and view all the answers

What was the main reason for the unpopularity of the Second Bank of the United States?

<p>It was considered a 'Monster' (D)</p> Signup and view all the answers

Which president moved all funds from the Second Bank of the United States to 'pet banks'?

<p>Andrew Jackson (A)</p> Signup and view all the answers

Which event led to the bankruptcy of the Second Bank of the United States?

<p>The Panic of 1837 (B)</p> Signup and view all the answers

Which banking policy led to the distrust of state banks?

<p>The prevalence of Wildcat banks (D)</p> Signup and view all the answers

Which committee investigated the interconnectedness of boards in the banking system?

<p>The Pujo Committee (C)</p> Signup and view all the answers

Which individual was known as 'the greatest financier in history' and played a significant role in the formation of the Federal Reserve System?

<p>J.P. Morgan (A)</p> Signup and view all the answers

Which company dominated the computer industry in the early years and focused on tech consulting and manufacturing technology hardware?

<p>IBM (C)</p> Signup and view all the answers

What was the perception of the 'Man in Gray Flannel Suit' in relation to IBM?

<p>Company rules (A)</p> Signup and view all the answers

In which decade did corporate giving increase from 30 million to 482 million?

<p>1950s (B)</p> Signup and view all the answers

Which company was ranked #11 in the Forbes Top 100 List in 2020?

<p>Mary Kay (B)</p> Signup and view all the answers

Who founded Mary Kay?

<p>Mary Kay Ash (A)</p> Signup and view all the answers

Which company was heavily criticized for their use of sweatshops?

<p>Nike (A)</p> Signup and view all the answers

Who successfully embodied the identity of a 'man who achieved massive wealth despite humble origins'?

<p>JPMorgan (C)</p> Signup and view all the answers

Which act created a minimum wage and maximum work week as part of the New Deal?

<p>Fair Labor Standards Act (D)</p> Signup and view all the answers

Which government agency was created by the Securities Exchange Act of 1934 to regulate the offer and sale of securities?

<p>Securities and Exchange Commission (SEC) (D)</p> Signup and view all the answers

What was the main purpose of the Agricultural Adjustment Act (AAA)?

<p>To control the supply and demand of agricultural products (B)</p> Signup and view all the answers

What was one of the key effects of the Fair Labor Standards Act (1938)?

<p>Established a minimum wage and maximum work week (A)</p> Signup and view all the answers

Which two major products were included in the merger that established PepsiCo in 1898?

<p>Diet Pepsi and Fritos (C)</p> Signup and view all the answers

What percentage of PepsiCo's total revenue comes from sodas?

<p>37% (B)</p> Signup and view all the answers

Which health goals does PepsiCo hope to achieve by 2025?

<p>Reduced added sugars, reduced saturated fats, and increased positive nutrition (D)</p> Signup and view all the answers

What environmental initiatives has PepsiCo undertaken?

<p>Removed 100 million pounds of packaging from the market and striving for 100% recyclable packaging (D)</p> Signup and view all the answers

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