Question 1

In the early 1950s the two new factors that stimulated our economy were ___________ and ___________.

Accepted Answer

the Korean...

Question 2

The highest unemployment rate we experienced since the Great Depression was in

Accepted Answer

A)  1973.
B)  1982.
C)  1990.
D)  2001.

Question 3

Since the beginning of 1945 there have been ________ recessions in the United States.

Accepted Answer

The answer of Since the beginning of 1945 there have...

Question 4

The longest and most severe of these recessions was in

Accepted Answer

A)  2007 - 2009.
B)  1990-1991.
C)  1960-1961.
D)  1953-1954.

Question 5

Henry Leland

Accepted Answer

A)  was the first automobile producer to use the movable assembly line.
B)  was the first automobile producer to manufacture a standardized engine with interchangeable parts.
C)  sold millions of cars at a small unit of profit that allowed his company to dominate the industry.
D)  all of the choices are true.

Question 6

Which is the most accurate statement?

Accepted Answer

A)  Our trade deficit is at a record level and will remain so for the foreseeable future.
B)  The economic response to the attacks on 9/11 was similar to the economic response to the attack of Pearl Harbor in 1941.
C)  The United States economy is almost self-sufficient.
D)  The year 2001 was one of the best in terms of economic performance for the United States.

Question 7

The "Okies" were associated with each of these EXCEPT

Accepted Answer

A)  the Dust Bowl.
B)  John Steinbeck's The Grapes of Wrath.
C)  the Great Depression.
D)  the rust belt.

Question 8

Statement I.The late 1940s and the 1950s were one big construction boom.
Statement II.The Japanese had captured nearly 20 percent of the U.S.car market by the early 1950s.

Accepted Answer

A)  Statement I is true and statement II is false.
B)  Statement II is true and statement I is false.
C)  Both statements are true.
D)  Both statements are false.

Question 9

The Great Depression began in

Accepted Answer

A)  the second half of 1929.
B)  the middle of 1930.
C)  early 1932.
D)  march 1933.
E)  may 1937.

Question 10

During World War II,_______ percent of our nation's output was devoted to the war effort.

Accepted Answer

The answer of During World War II,_______ percent of our...

Question 11

The economic recovery program begun by the Roosevelt Administration to end the Great Depression was known as the ____________________.

Accepted Answer

The answer of The economic recovery program begun by the...

Question 12

Which statement is true?

Accepted Answer

A)  There was a great deal of stagflation in the 1960s.
B)  We had full employment for most of the 1980s.
C)  We have had twelve recessions since the beginning of 1945.
D)  None of the choices are true.

Question 13

Farms with sales of more than $250,000 account for __________ percent of U.S.agricultural sales.

Accepted Answer

The answer of Farms with sales of more than $250,000...

Question 14

The transcontinental railroads were completed in the 25 years

Accepted Answer

A)  before the Civil War.
B)  after the Civil War.
C)  after 1890.
D)  after the 20th century began.

Question 15

The worst recession since the Great Depression occurred in the years _______ to _________.

Accepted Answer

The answer of The worst recession since the Great Depression...

Question 16

From 1865 to 1900,the production of wheat,corn,and cotton

Accepted Answer

A)  increased much more slowly than population growth.
B)  increased somewhat more slowly than population growth.
C)  increased at about the same pace as population growth.
D)  increased faster than population growth.

Question 17

The bursting of the __________ market was largely responsible for setting off the Great Recession.

Accepted Answer

The answer of The bursting of the __________ market was...

Question 18

Which statement is true?

Accepted Answer

A)  The number of people living on family farms has been increasing in recent years.
B)  Most farm subsidy payments go to large corporate farms.
C)  Our huge agricultural surpluses have completely eliminated starvation in this country.
D)  None of the statements are true.

Question 19

During World War II,the federal government instituted ______________ to keep down inflation.

Accepted Answer

price cont...

Question 20

Which is the most accurate statement about the recessions we have had since World War II?

Accepted Answer

A)  They have all been very mild.
B)  They have all been very severe.
C)  Three have been very severe.
D)  None have been severe.

Exam 1: A Brief Economic History of the United States

The economic recovery program begun by the Roosevelt Administration to end the Great Depression was known as the ____________________.

Correct AnswerverifiedShow Answer

The highest unemployment rate we experienced since the Great Depression was in

Correct AnswerverifiedShow Answer

The longest and most severe of these recessions was in

Correct AnswerverifiedShow Answer

During World War II,the federal government instituted ______________ to keep down inflation.

Correct Answerverifiedprice cont...View AnswerShow Answer

During World War II,_______ percent of our nation's output was devoted to the war effort.

Correct AnswerverifiedShow Answer

Which statement is true?

Correct AnswerverifiedShow Answer

Which is the most accurate statement?

Correct AnswerverifiedShow Answer

In the early 1950s the two new factors that stimulated our economy were ___________ and ___________.

Correct Answerverifiedthe Korean...View AnswerShow Answer

Farms with sales of more than $250,000 account for __________ percent of U.S.agricultural sales.

Correct AnswerverifiedShow Answer

The "Okies" were associated with each of these EXCEPT

Correct AnswerverifiedShow Answer

Which is the most accurate statement about the recessions we have had since World War II?

Correct AnswerverifiedShow Answer

Since the beginning of 1945 there have been ________ recessions in the United States.

Correct AnswerverifiedShow Answer

The bursting of the __________ market was largely responsible for setting off the Great Recession.

Correct AnswerverifiedShow Answer

The transcontinental railroads were completed in the 25 years

Correct AnswerverifiedShow Answer

Henry Leland

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The worst recession since the Great Depression occurred in the years _______ to _________.

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The Great Depression began in

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Statement I.The late 1940s and the 1950s were one big construction boom. Statement II.The Japanese had captured nearly 20 percent of the U.S.car market by the early 1950s.

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Which statement is true?

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From 1865 to 1900,the production of wheat,corn,and cotton

Correct AnswerverifiedShow Answer

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In the early 1950s the two new factors that stimulated our economy were _ and _.

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the Korean...
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The worst recession since the Great Depression occurred in the years _ to ___.

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