Which of the following is blamed for the lack of increased business investment spending on new factories and machinery during the 1930s? (a) The new presence of government’s large-scale economic activity caused business to lose some of its former confidence. (b) The general outlook stressed caution. (c) A much lower rate of population growth and […]
Which of the following best describes the policy of the New Deal to combat the Great Depression? (a) Taxation should be increased so as to eliminate the deficit in the federal budget. (b) Government spending should be reduced so as to give businesses confidence that the free enterprise system was not being replaced by big […]
Industrialization and urbanization in the U.S. occurred simultaneously between 1860 and 1910. Indicate whether the statement is true or false ANSWER TRUE
The greater the social immobility is within a country, the greater the chance that human talent and skills will not go to waste. Indicate whether the statement is true or false ANSWER FALSE
Local, state and federal government control and influence over businesses through taxes, subsidies, licensing and inspections are a firm part of U.S. history. Indicate whether the statement is true or false ANSWER TRUE
The “New Deal” programs of the 1930s aimed at (a) transforming American capitalism into a planned socialist economy. (b) introducing short-term measures to cure the depression but no fundamental changes in the American economy. (c) introducing measures to deal with the crises and cure the depression combined with measures to restructure important aspects of the […]
Industrialization through heavy capital investments required savings by households, businesses and/or government bodies. Indicate whether the statement is true or false ANSWER TRUE
The power of the contract and the ability to enforce contracts in the U.S. are, in part, responsible for the overall success of the U.S. economy. Indicate whether the statement is true or false ANSWER TRUE
Continued U.S. economic growth requires little institutional and technological change. Indicate whether the statement is true or false ANSWER FALSE
The American Revolution was waged against the colonial governments that had emerged and had been supported by the English. Indicate whether the statement is true or false ANSWER FALSE
