The Panic of 1893

question 103

Multiple Choice

The Panic of 1893

• A) grew out of a political scandal in the Cleveland administration.
• B) triggered the nation's most severe depression up to that point.
• C) began with a drought in the Midwest.
• D) was blamed largely on Populist politics.
• E) grew out of the Cleveland administration's attempts at monetary reform.

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Definitions:

Borda Count

A voting system used to rank candidates in which voters rank options, and rankings are then converted into scores to determine the winner.

Arrow's Impossibility Theorem

A theorem stating that no rank-order voting system can simultaneously fulfill all of a certain set of reasonable fairness criteria.

Pairwise Voting

A voting system in which choices are compared one pair at a time, with participants selecting their preference in each matchup.

Pairwise Voting

A voting system where participants compare options in pairs, and the option with the most preferences wins.