Unit 4 - Prosperity and Depression

Question 1

Recession

Answer 1

A significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income, and other indicators.

Question 2

Installment Buying

Answer 2

Purchasing a commodity over a period of time.

Question 3

Generation Gap

Answer 3

The chasm that separates the beliefs and behaviors belonging to members of two different generations.

Question 4

Prosperity

Answer 4

The condition of being successful or thriving.

Question 5

Prohibition

Answer 5

No liquor for the U.S

Question 6

Flappers

Answer 6

Young women known for their energetic freedom, embracing a lifestyle viewed by many at the time as outrageous, immoral or downright dangerous.

Question 7

Harlem Renaissance

Answer 7

An intellectual and cultural revival of African-American music, dance, art, fashion, literature, theater, politics and scholarship centered in Harlem, Manhattan, New York City, spanning the 1920s and 1930s.

Question 8

Great Migration

Answer 8

The movement of 6 million African Americans out of the rural Southern United States to the urban Northeast, Midwest, and West.

Question 9

Evolution

Answer 9

Any net directional change or any cumulative change in the characteristics of organisms or populations over many generations.

Question 10

Creationism

Answer 10

The religious belief that nature, and aspects such as the universe, Earth, life, and humans, originated with supernatural acts of divine creation.

Question 11

Buying on margin

Answer 11

Getting a loan from your brokerage and using the money from the loan to invest in more securities than you can buy with your available cash.

Question 12

Trickle-down Economics

Answer 12

A belief that tax breaks and benefits for corporations and the wealthy will trickle down to everyone else.

Question 13

Hoovervilles

Answer 13

Groups of dwellings for the homeless during the Great Depression.

Question 14

Dust Bowl

Answer 14

The drought-affected south central United States in the aftermath of horrific dust storms.

Question 15

Economic Depression

Answer 15

A period of sharp and sustained decline in economic activity that typically includes negative gross domestic product growth and a substantial rise in unemployment, poverty and homelessness.

Question 16

Fireside Chats

Answer 16

Roosevelt called his radio talks about issues of public concern “Fireside Chats.” Informal and relaxed, the talks made Americans feel as if President Roosevelt was talking directly to them.

Question 17

New Deal

Answer 17

Programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt.

Question 18

Collective Bargaining

Answer 18

The process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment.

Question 19

Red Scare

Answer 19

Promotion of a widespread fear of a potential rise of communism, anarchism or other leftist ideologies by a society or state.

Question 20

Trustbusters

Answer 20

Used to describe the government’s antitrust enforcement activities. The goal of trust busting is to protect competition by preventing monopolies and other anticompetitive business practices.

Question 21

Fair Labor Standards Act

Answer 21

Creates the right to a minimum wage, and “time-and-a-half” overtime pay when people work over forty hours a week. It also prohibits employment of minors in “oppressive child labor”.

Question 22

Kellogg-Briand Pact

Answer 22

There were two clauses, one first outlawed war as an instrument of national policy and the second called upon signatories to settle their disputes by peaceful means