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National Industrial Recovery Act: Quiz

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Question 1: A key criticism of the Act at the time as well as more recently is that the NIRA endorsed monopolies, with the attendant economic problems associated with that type of ________.
EconomicsWelfare economicsMarket failureKeynesian economics

Question 2: Among the suggested causes are that the Act promoted economically harmful ________,[6] that the Act lacked critical support from the business community,[10] and that the Act was poorly administered.
Natural monopolyCompetition lawMonopolyBarriers to entry

Question 3: [1] Roosevelt angered Johnson by having him administer only the NRA, while the Public Works Administration (PWA) went to ________.
Franklin D. RooseveltHenry Morgenthau, Jr.Harold L. IckesJulius Albert Krug

Question 4: [12] The Act had no mechanisms for handling these problems, which led Congress to pass the ________ in 1935.
National Labor Relations ActNational Industrial Recovery ActNew DealFranklin D. Roosevelt

Question 5: [55] Higher prices were an intentional outcome of the Act because ________ was a severe problem at the time.
EconomicsInflationDeflationKeynesian economics

Question 6: Harriman (chairman of the ________), and Henry I. Harriman, president of the U.S. Chamber of Commerce—helped draft the legislation.
Union Pacific RailroadSouthern Pacific Transportation CompanyChicago and North Western Transportation CompanyChicago Great Western Railway

Question 7: 703), was an American statute which authorized the ________ to regulate industry and permit cartels and monopolies in an attempt to stimulate economic recovery, and which established a national public works program.
United States NavyMilitary history of the United StatesPresident of the United StatesUnited States Marine Corps

Question 8: [2] The industry was almost entirely centered on ________.
ManhattanNew York metropolitan areaNew York CityBrooklyn

Question 9: [1] The agency survived until 1943, when the Reorganization Act of 1939 consolidated most federal relief and work relief functions of the federal government into the new ________.
Federal Works AgencyGreat DepressionNational Park ServiceFranklin D. Roosevelt

Question 10: Title II established the ________, outlined the projects and funding opportunities it could engage in, and funded the Act.
New DealGreat DepressionPublic Works AdministrationFranklin D. Roosevelt







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