Chapter 1 Flashcards
During the 19th century the great abundance of playing compared to the availability of labor
All choices are true attracted million of immigrants encouraged early marriage and large family and encouraged rapid technology development
Under President Eisenhower we had how many recessions?
Three
The decade that had the most Stagflation?
1970’s
Statement one President Ronald Reagan said if we could cut taxes people would have more incentive to work output would rise and inflation would be subside statement to President Reagan presided over the worst recession we had since World War II
Both statements are true
Which was a decade of high inflation and high unemployment?
1970s
Each of the following were elements of the new deal except for?
A balanced budget
The creation of the dust bowl in the migration of the Okies to California took place in what decade?
1930s
During the depths of the great depression our official unemployment rate reached what percent?
25%
Today just one out of every ——–Americans is a full-time farmer.
500
Who sold millions of cars at a small unit of price that allowed his company to keep automobile prices low and wages high?
Henry Ford
The mechanical reaper was invented by whom?
Cyrus McCormick
Who promised two cars in every garage and a chicken in every pot?
Herbert Hoover
The heart of supply-side economic programs was what?
Lower taxes
The Okies were associated with each of these except for
The rust belt
The Proto type of suburban track development was where?
Levittown New York