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Use the dictionary, the acronym finder, and the word origins dictionary (links above) as needed. A new quiz is available each Monday through Thursday. This is the quiz for April 9.
Before John Maynard Keynes, economists were gloomy naysayers. "Nothing can be done," "Don't interfere," "It will never work," they intoned. But Keynes was an unswerving optimist. Of course we can lick unemployment! There's no reason to put up with recessions and depressions!
At the end of World War I Keynes prophesied that the reparations required of Germany would keep Germany impoverished and would ultimately threaten all Europe.
At the end of World War II, instead of repeating the mistake made almost three decades before, the U.S. and Britain bore in mind Keynes' earlier admonition. The surest pathway to a lasting peace, they then understood, was to help the vanquished rebuild. Public investing on a grand scale would create trading partners that could turn around and buy the victors' exports and would also build solid middle-class democracies in Germany, Italy and Japan.
1. An admonition isA. a punishment.2. Impoverished is
B. cautionary advice.
C. a mistake.
D. a willful remark.A. punished.3. Keynes was in favor of
D. made poor.A. public investing.4. The original Latin word for vanquished means
B. punishing a defeated country.
C. holding onto your own money.
D. saving public money.A. conqueror.
The information comes from an article by Robert Reich at Time Magazine 100 Most Important People of the Century.
Write down your answers and then see Answer Key below.
Answer Key: 1-B..........2-D..........3-A..........4-C
Corrections? Questions? Comments? E-mail Robert Jackson at email@example.com.