Unit 5---Economic Growth

Question 1

What is the term for the period of significant economic growth in the United States during the late 19th century?

Answer 1

The Gilded Age

Question 2

True or False: The Industrial Revolution led to increased urbanization in the United States.

Answer 2

True

Question 3

Fill in the blank: The _____ Act of 1862 provided land to states to fund agricultural colleges.

Answer 3

Morrill

Question 4

Which transportation innovation significantly contributed to economic growth by connecting the East and West coasts?

Answer 4

Transcontinental Railroad

Question 5

What economic system encourages private ownership and investment?

Answer 5

Capitalism

Question 6

Multiple Choice: Which industry saw the most rapid growth during the late 1800s? A) Agriculture B) Textiles C) Steel D) Fishing

Answer 6

C) Steel

Question 7

What was the primary purpose of the Sherman Antitrust Act of 1890?

Answer 7

To prevent monopolies and promote competition

Question 8

Short Answer: Name one major effect of the Great Depression on U.S. economic growth.

Answer 8

Widespread unemployment and business failures

Question 9

True or False: The New Deal was a series of programs aimed at economic recovery during the Great Depression.

Answer 9

True

Question 10

What is the term for the economic theory that advocates for government intervention to stimulate the economy during a downturn?

Answer 10

Keynesian economics