Questions to keep in Mind : Most Importiant Deck Here Flashcards
This is to get you to know the 3rd Point of the Review Sheet by memory.
What are reasons the United States became an imperial nation in the late 1800s and early 1900s?
The United States became an Imperial Nation during the Industrial Revolution when many oversea Naval Bases were made, Trade with other Countries became more frequent, and new inventions led to the Roaring 20’s
Imperialists wanted new markets and bases and anti imperialists wanted to avoid using money and the military.
How is American military presence overseas an economic burden on the country? Why is it still
necessary?
It’s Necessary during Wartime when oversea basses are completely necessary, to keep Territories safe, and help allied Nations. However, it can scare the other countries when they’re trading, as well as take up US budget.
What steps did Teddy Roosevelt take to protect against monopolies and Trust? Wilson?
To prevent Monopolies from taking over the country and shutting down all smaller businesses, Teddy released the Sherman Anti-trust Act of 1890 which wrecks Monopolies such as Standard Oil.
Went after the Northern securities company. Broke them up. Regulated the railroads and enforced the interstate commerce act. Provided a New Deal.
Why is a low tariff good for competition? Think progressive!
A low tariff forces American companies to make a better product at a better price.
What is Globalization
Globalization is a kind of business tactic that involves going to poorer countries where there are no minimum wage laws, and the rich can exploit the poor with lower pay. Interdependence. Though many are afraid of losing culture and business to American products and influence.
What is the biggest predictor of obesity and why do many people knowingly eat cheap,
processed food rather than whole grains and produce?
The biggest predictor of Obesity is the income level, as processed cheap food like Burger King is a lot cheaper than buying expensive fresh produce, leading to fatter people.
How is it possible that the meat industry or grocery manufacturers have more power than
consumers who wield the “invisible hand?” What role do lobby groups play?
If the consumers are happy with the product, when the invisible hand is satisfied the businesspeople can do whatever they want within certain bounds.
Bc Americans don’t have the money that major companies and industries to pay lobbyists to argue for their interests.
According to the cartoon from class, how does the FDA “test” food? Why?
The FDA tests food by taking a sample of the food to test for disease or harmful contaminants.
BC they can only ask for testing they cannot demand it. Therefore, recalls happen when peopple get sick.
Why did submarine warfare against the USA boil down to an economic matter?
When it came to Submarine Warfare, it came down to an economic matter, as the Amount of Submarines you have are usually what it comes down to on who wins the war.
Americans were getting angry that the products being sent were being sunk and not bought.
How was the U.S. economy transformed during WWI? How were women and minorities
impacted? How did the US raise needed funds?
The United States economy changed during World War I when all the funds and liberty bonds went to war budget, and women were given jobs that no longer need to be taken by men. African Americans moved north for opportunity but also faced racisim.
What was the impact of the automobile on American society and its economy in the 1920s?
The Automobile was revolutionary, as people could go to places they normally never could, and it gave way to the wealthy.
The auto changed the landscape with the building of roads and bridges. It changed the economy with many related jobs and industries, it changed politics because laws were passed regulating speed, etc., it also changed socail habits like crime and dating.
Explain the impact of the growth of the suburbs on the American city and economy.
Before, the suburbs were only reserved for the rich, as housing there was expensive and rare. Now, due to the Expansion, about 22 million live in the suburbs. The auto was able to move in places that trains couldn’t. It gave freedom for people to go where they wanted to live.
How did installment buying and advertising (together and separate) positively and negatively
affect the American economy?
Installment buying let people buy things they normally can’t, but they buy too many installments and go broke.
Advertising confused people’s wants and needs and convinced people to buy things and installment led to overspending and defaulting on payments.
What happened to the US economy after Black Tuesday? How did it unravel? What economic
problems existed due to the Great Depression?
After Black Tuesday, banks ran out of money, people went broke, Hoovervilles became common, and Wall Street Crashed. Due to the Depression, the Economy took years to recover.
Pepople lost jobs, spent less, leading to more job loss.
What were the 3 R’s of FDR’s New Deal and what did he make?
Relief recover and reform
FERA gave monetary aid to help those in need of immediate relief.
CCC employed young men ages 18 to 25 jobs working outdoors and they sent money home to families.
WPA put people to work building projects and in the arts as well.
SSA was reform to provide an old age pension, unemployment assistance, help for the handicapped and dependent children.
FDIC was a reform measure to protect money people deposited in banks.
FLSA provided a minimum wage and a maximum workweek.
