The Panic of 1873 and the Depression That Followed Caused

question 24

Multiple Choice

The Panic of 1873 and the depression that followed caused

• A) the issuance of millions of dollars in greenbacks.
• B) massive business bankruptcies and unemployment.
• C) an extremely high rate of inflation.
• D) a demand for a return to "sound" gold and silver money.
• E) state and federal relief programs for the unemployed.

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Definitions:

Cognitive Psychologist

A specialist in psychology who studies mental processes such as perception, memory, thought, and problem-solving.

Play Behaviour

The range of activities performed for self-amusement that are often exploratory, expressive, and imaginative, particularly in children.

Job Incentive

A motivational factor or benefits given to employees to encourage increased productivity.

Cognitive Psychology

The branch of psychology focusing on mental processes such as perception, memory, thought, and problem-solving, and how they may affect behavior.