Deck 14: Growth and Depression in the United States, 1900-1940

Question 1

Whats defention of terms:
-depreciation

Answer 1

decrease in the value of plants and equipment over time

Question 2

Whats defention of terms:
-fascism

Answer 2

a system of government led by a dictator having complete power and forcibly suppressing opposition and criticism and emphasizing an aggressive nationalism and racism

Question 3

Whats defention of terms:
-Great Depression

Answer 3

a worldwide economic downturn that started in 1929

Question 4

Whats defention of terms:
-horizontal mergers

Question 5

Whats defention of terms:
-New Deal

Question 6

Whats defention of terms:
-retained earnings

Question 7

Whats defention of terms:
-run on the bank

Question 8

Whats defention of terms:
-scabs

Question 9

Whats defention of terms:
-vertical mergers

Question 10

Discuss growth in the United States from 1900 to 1920.
-Give examples of how output in the United States grew from 1900-1920.

Question 11

Discuss growth in the United States from 1900 to 1920.
-What were some problems in the 1920s that were later recognized as warnings of the Great Depression?

Question 12

Describe the impact of the Great Depression on the United States.
-What is the Great Depression? Why isn't it called the Great Recession?

Question 13

Describe the impact of the Great Depression on the United States.
-What were some economic impacts of the Great Depression for workers? For businesses?

Question 14

Describe the impact of the Great Depression on the United States.
-Why was unemployment such a dire situation for some workers in the Great Depression?

Question 15

Describe the impact of the Great Depression on the United States.
-Why was a "run on a bank" such a catastrophic event during this period of time?

Question 16

Describe the impact of the Great Depression on the United States.
-What is the New Deal? What are some examples of programs initiated during the New Deal?

Question 17

Describe the impact of the Great Depression on the United States.
-How do you think the programs stemming from the New Deal kept future recessions from turning into major depressions?

Question 18

Explain what is happening with the status of women, unions, and non-white groups in the period.
-What are some examples of positive protections for women workers in this period? Some not so positive "protections?"

Question 19

Explain what is happening with the status of women, unions, and non-white groups in the period.
-Why was the South resistant to giving women and former slaves the right to vote?

Question 20

Explain what is happening with the status of women, unions, and non-white groups in the period.
-What were some examples of union activity and their outcomes? What were unions trying to achieve?

Question 21

Explain what is happening with the status of women, unions, and non-white groups in the period.
-What is fascism? How did this affect certain groups of people? Give examples.

Question 22

Explain U.S. colonialism and its relationship to wars fought in the early twentieth century.
-What is the reason for a country to hold colonies? How are profits generated from holding colonies?

Question 23

Explain U.S. colonialism and its relationship to wars fought in the early twentieth century.
-How are the holding of colonies related to World War I?

Question 24

Between 1929 and 1980, the power of corporations

A) decreased as corporate income fell to less than 25% of business income.
B) increased as corporate income rose to over 60% of business income.
C) remained approximately the same at 40% of business income.
D) increased as corporate income rose to 90% of business income.

Question 25

The Great Depression

A) was the result of the first oil embargo of the 1970s.
B) was a particularly severe recession that occurred in the United States during the 1950s.
C) was a world wide economic downturn that started in 1929.
D) was a consequence of World War I.

Question 26

The Great Depression changed the role of government in the economy. Which of the following laws was passed during the Great Depression?

A) the Social Security Act
B) the Sherman Antitrust Act.
C) the Civil Rights Act.
D) the Federal Reserve Act.

Question 27

The "New Deal" refers to economic policies instituted by

A) President Theodore Roosevelt
B) President Franklin Roosevelt
C) President Eisenhower.
D) President Kennedy

Question 28

Which of the following is an example of the protective labor legislation passed prior to the Great Depression?

A) a law requiring all workers to be paid a minimum of 25 cents per hour.
B) a law requiring all workers to be paid overtime for working more than 8 hours a day.
C) a law prohibiting women from working in dangerous jobs.
D) a law requiring all employers to provide safety equipment to their workers.

Question 29

The Nineteenth Amendment giving women the right to vote

A) was passed in 1789
B) was passed in 1865
C) was passed in 1920
D) was passed in 1964.

Question 30

What is a vertical merger?

A) a vertical merger involves a merger of top management only.
B) a vertical merger involves a hostile takeover of another firm.
C) a vertical merger involves a voluntary joining of equally powerful firms.
D) a vertical merger involves the merger of a firm with its suppliers and/or distributors.

Question 31

What are "retained earnings?"

A) the amount of a paycheck that a worker gets to keep.
B) the amount of personal income that is saved
C) the amount of profits paid to shareholders in the form of dividends.
D) .the amount of profits not distributed to shareholders.

Question 32

What is a horizontal merger?

A) a horizontal merger involves a merger of subsidiaries.
B) a horizontal merger involves a joining of firms from different countries.
C) a horizontal merger involves a joining of firms selling the same product.
D) a horizontal merger involves the merger of a firm with its suppliers and/or distributors.

Question 33

What is sharecropping?

A) a system of agriculture in which a landowner allows a tenant to use land in return for a share of the crop.
B) a system of agriculture in which a group of farmers agree to share tools, labor and land to produce a single, joint crop.
C) a system of agriculture in which a group of farmers join together to sell and distribute their crops.
D) a system of agriculture in which a group of individuals live together on a farm to produce a joint crop.

Question 34

The term, "Black Thursday," refers to

A) the day of the 1929 stock market crash.
B) the first day of World War II.
C) the day Franklin D. Roosevelt was inaugurated.
D) first day of World War I.

Question 35

The first president to make the environment a top priority was

A) Abraham Lincoln
B) Theodore Roosevelt
C) Richard Nixon
D) George W. Bush

Question 36

Between 1900 and 1929 the U.S.

A) underwent a long period of economic stagnation.
B) experienced spectacular economic growth.
C) was primarily an agricultural economy.
D) imposed strong regulations on large corporations.

Question 37

The socialist party in Russia led by V.I Lenin

A) became the Communist Party, and Russia became part of the Union of Soviet Socialist Republics
B) became the Social Democratic Party, and Russia became part of the Union of Soviet Socialist Republics
C) became the National Socialist Russian Workers' Party, and Russia became part of the Austro-Hungarian empire.
D) became the Bolshevik Party, and Russian became part of the Russian Federation.

Question 38

In the United States,

A) there has never been a socialist party.
B) the socialist party and the communist party split during the 1920s.
C) there has never been a communist party.
D) both the socialist and communist party became illegal in 1952.