Chapter 1 Flashcards

1
Q

During the 19th century the great abundance of playing compared to the availability of labor

A

All choices are true attracted million of immigrants encouraged early marriage and large family and encouraged rapid technology development

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2
Q

Under President Eisenhower we had how many recessions?

A

Three

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3
Q

The decade that had the most Stagflation?

A

1970’s

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4
Q

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

A

Both statements are true

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5
Q

Which was a decade of high inflation and high unemployment?

A

1970s

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6
Q

Each of the following were elements of the new deal except for?

A

A balanced budget

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7
Q

The creation of the dust bowl in the migration of the Okies to California took place in what decade?

A

1930s

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8
Q

During the depths of the great depression our official unemployment rate reached what percent?

A

25%

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9
Q

Today just one out of every ——–Americans is a full-time farmer.

A

500

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10
Q

Who sold millions of cars at a small unit of price that allowed his company to keep automobile prices low and wages high?

A

Henry Ford

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11
Q

The mechanical reaper was invented by whom?

A

Cyrus McCormick

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12
Q

Who promised two cars in every garage and a chicken in every pot?

A

Herbert Hoover

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13
Q

The heart of supply-side economic programs was what?

A

Lower taxes

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14
Q

The Okies were associated with each of these except for

A

The rust belt

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15
Q

The Proto type of suburban track development was where?

A

Levittown New York

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16
Q

Which presidential candidate made his pledge “read my lips no new taxes”?

A

George HW Bush

17
Q

Medicaid Medicare in food stamps were all started under this administration?

A

Lyndon B Johnson

18
Q

In the 1970s the main economic problem was what?

A

Stagflation

19
Q

Which president had to cope with both rising deficit and a rising inflation rate?

A

Jimmy Carter

20
Q

Are the following statements is true or faults: statement one. Ronald Reagan said that if we cut taxes people would have more incentive to work, output would rise, and inflation would subside. Statement to President Reagan said big government is not the answer to our problem, it is the problem.

A

Both statements are true

21
Q

The symbiotic relationship in mass consumption was best personified by who?

A

Henry ford

22
Q

In which decade to the United States experience A depression?

A

In the 1930s

23
Q

During World War II most of the people who got jobs in defense plants were ………..who had………. experience building planes tanks and warships.

A

Women, no

24
Q

The Social Security program began during the administration of

A

Franklin D Roosevelt