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What was the Panic of 1907? - Timeline, Causes & Effects

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What was the cause of the Panic of 1907?

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1. Which three people played prominent roles in the Panic of 1907, and what were those roles?

2. What does it mean if a bank has $100 million of deposits and the reserve requirement is 20%?

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About This Quiz & Worksheet

Evaluate how much you know about the Panic of 1907 with this multiple-choice quiz and worksheet. There are five brief questions in the quiz, including a question about the roles of three key players.

Quiz & Worksheet Goals

This quiz will confirm your knowledge of the following:

  • Cause and effect of the Panic of 1907
  • Three people who played a role in the panic
  • When a bank has $100 million of deposits and there's a 20% reserve requirement
  • Amount of money needed to calm the public

Skills Practiced

  • Knowledge application - use your knowledge to answer questions about the Panic of 1907
  • Interpreting information - verify that you can read information about the cause of the Panic of 1907 and interpret it correctly
  • Information recall - access the knowledge you've gained regarding the amount of money that was needed to calm the public

Additional Learning

Further your knowledge of this topic with a lesson titled What was the Panic of 1907? - Timeline, Causes & Effects. Here are a few examples of information you'll find in this lesson:

  • Speculation in the financial markets
  • Total time period of the Panic of 1907
  • How long the recession lasted
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