Article: The value of the U.S. dollar declined significantly during wartime, especially during the American Civil War, World War I, and World War II. The Federal Reserve, which was established in 1913, was designed to furnish an "elastic" currency subject to "substantial changes of quantity over short periods", which differed significantly from previous forms of high-powered money such as gold, national bank notes, and silver coins. Over the very long run, the prior gold standard kept prices stable—for instance, the price level and the value of the U.S. dollar in 1914 was not very different from the price level in the 1880s. The Federal Reserve initially succeeded in maintaining the value of the U.S. dollar and price stability, reversing the inflation caused by the First World War and stabilizing the value of the dollar during the 1920s, before presiding over a 30% deflation in U.S. prices in the 1930s.

Question: What was the Federal Reserve designed to furnish?
Ans: an "elastic" currency


Article: Arsenal was the first club from the south of England to join The Football League, in 1893. They entered the First Division in 1904, and have since accumulated the second most points. Relegated only once, in 1913, they continue the longest streak in the top division. In the 1930s, Arsenal won five League Championships and two FA Cups, and another FA Cup and two Championships after the war. In 1970–71, they won their first League and FA Cup Double. Between 1988 and 2005, they won five League titles and five FA Cups, including two more Doubles. They completed the 20th century with the highest average league position.

Question: In what year did Arsenal join The Football League?
Ans: 1893


Article: The Recommended Exposure Index (REI) technique, new in the 2006 version of the standard, allows the manufacturer to specify a camera model’s EI choices arbitrarily. The choices are based solely on the manufacturer’s opinion of what EI values produce well-exposed sRGB images at the various sensor sensitivity settings. This is the only technique available under the standard for output formats that are not in the sRGB color space. This is also the only technique available under the standard when multi-zone metering (also called pattern metering) is used.

Question: What is the only technique that can be used when multi-zone metering is used?
Ans: Recommended Exposure Index (REI) technique


Article: The black-body problem was revisited in 1905, when Rayleigh and Jeans (on the one hand) and Einstein (on the other hand) independently proved that classical electromagnetism could never account for the observed spectrum. These proofs are commonly known as the "ultraviolet catastrophe", a name coined by Paul Ehrenfest in 1911. They contributed greatly (along with Einstein's work on the photoelectric effect) to convincing physicists that Planck's postulate of quantized energy levels was more than a mere mathematical formalism. The very first Solvay Conference in 1911 was devoted to "the theory of radiation and quanta". Max Planck received the 1918 Nobel Prize in Physics "in recognition of the services he rendered to the advancement of Physics by his discovery of energy quanta".

Question: In what year did Planck receive the Nobel Prize in Physics for his discovery of energy quanta?
Ans:
1918