Economic Developments: Challenges to Growth

Question 1

Why were there difficult times faced in agriculture in the 1890s?

Answer 1

Because of the 1893 Depression

Question 2

Why were there difficult times faced in agriculture just before the 1890s?

Answer 2

There was a long term drought

Question 3

Which movement became prominent related to failing agriculture during the 1893 Depression?

Answer 3

The Populist Movement

Question 4

Why was the Populist Movement a potential challenge to Economic Growth in terms of what they wanted for currency?

Answer 4

They supported the Free Silver Movement, which would have resulted in long-term inflation

Question 5

When was there an economic panic in the early 1900s?

Answer 5

1907

Question 6

Name 3 strikes which occurred in the 1890-1920 era

Answer 6

1892 Homestead Strike, 1894 Pullmans Strike, 1902 Coal Strike

Question 7

Why would strikes halt economic growth?

Answer 7

Because no one would be working during their strike

Question 8

Why did farmers and politicians eventually calling for a better regulation of big businesses slightly slow down economic growth?

Answer 8

Because big businesses would no longer be able to get away with making lots of money in corrupt ways