The Great Depression Actually Consisted of Two Recessions, the First

question 171

Multiple Choice

The Great Depression actually consisted of two recessions, the first of which began in ________ and
ended in ________.

• A) May 1937; June 1938
• B) August 1929; March 1933
• C) March 2001; November 2001
• D) December 2007; June 2009
• E) February 1971; August 1972

---

Definitions:

Quantum Meruit

A legal principle where a person can recover a reasonable value of services provided, even in absence of a contract.

Mandatory Injunction

A court order compelling a party to undertake a specific act, often issued to prevent irreversible harm.

Quantum Meruit

A legal principle that means "as much as he deserves," allowing a person to recover reasonable value of services provided when a contract for them is nonexistent or cannot be enforced.

Accounting

The systematic process of recording, analyzing, summarizing, and interpreting financial transactions and information.