Currency

Question 1

Although weak, what law ensures that freight rates had to be "reasonable and just"?
A) Granger Laws
B) Plessy vs Ferguson
C) Interstate Commerce Commission
D) Jim Crow laws

Answer 1

C) Interstate Commerce Commission

Question 2

From 1865-1890, how much did the amount of currency in circulation decrease?
A) 20 percent
B) 10 percent
C) 40 percent
D) 30 percent

Answer 2

B) 10 percent

Question 3

In 1873 what did Congress state concerning currency?
A) silver could no longer be used for coins
B) gold could no longer be used for coins
C) both could not be used
D) both could still be used

Answer 3

A) silver could no longer be used for coins

Question 4

Which acts provided for some silver coinage?(pick 2)
A) The Bland-Allison Act of 1878
B) The McKinley Tariff Act of 1890
C) The Sherman Anti-Trust Act of 1890
D) The Sherman Silver Purchase Act of 1890

Answer 4

A) The Bland-Allison Act of 1878

D) The Sherman Silver Purchase Act of 1890

Question 5

Which act required the Treasury to purchase 4.5 million ounces of silver each month with new paper money?
A) The Sherman Silver Purchase Act of 1890
B) The Bland-Allion Act of 1878
C) The Sherman Anti-Trust Act of 1890
D) The McKinley Tariff Act of 1890

Answer 5

A) The Sherman Silver Purchase Act of 1890

Question 6

What was Cleveland’s response to the Depression of 1893?
A) settlement houses
B) put more money in circulation
C) repeal the Sherman Silver Purchase Act
D)

Answer 6

C) repeal the Sherman Silver Purchase Act of 1890