Economic Challenges and Social Impact in 20th Century America Quiz

Test your knowledge on key economic events and social impacts that shaped 20th century America. Explore topics like the Great Depression, Social Security, Reaganomics, and more.

#1

Which economic concept is associated with the idea that government intervention in the economy should be minimal, and the free market should regulate itself?

Mixed economy
Laissez-faire
Command economy
Socialism
#2

What economic phenomenon is characterized by a sustained increase in the general price level of goods and services in an economy?

Deflation
Recession
Inflation
Stagflation
#3

Which economic policy, introduced by President Franklin D. Roosevelt, aimed to address the banking crisis during the Great Depression?

Glass-Steagall Act
Hawley-Smoot Tariff
Federal Reserve Act
Emergency Banking Act
#4

Which economic policy, implemented in the 1920s, emphasized reducing government intervention and promoting business growth through tax cuts?

New Deal
Square Deal
Great Society
Laissez-faire capitalism
#5

Which economic policy, implemented during the 1980s, focused on reducing government regulations and promoting free-market principles?

New Deal
War on Poverty
Supply-side economics
Great Society
#6

Which economic event marked the beginning of the Great Depression in the United States during the 20th century?

Stock market crash of 1929
The New Deal
World War I
Prohibition
#7

What was the primary goal of the Social Security Act of 1935?

Promoting racial equality
Providing retirement benefits and unemployment insurance
Establishing a national healthcare system
Regulating the stock market
#8

Which government program, initiated during the 1930s, aimed to provide jobs and economic relief during the Great Depression?

Medicare
Welfare
Social Security
Works Progress Administration (WPA)
#9

In the 1970s, what oil-related event led to economic challenges such as high inflation and energy shortages in the United States?

Arab-Israeli War
Oil Embargo
Iranian Revolution
OPEC Formation
#10

In the 1980s, what term was commonly used to describe the phenomenon of companies moving their manufacturing operations overseas to take advantage of lower labor costs?

Globalization
Outsourcing
Offshoring
Industrialization
#11

Which economic policy, associated with President Lyndon B. Johnson, aimed to eliminate poverty and racial injustice in the United States during the 1960s?

War on Poverty
Great Society
New Frontier
Square Deal
#12

What was the primary purpose of the Marshall Plan, implemented after World War II?

Rebuild European economies
Contain the spread of communism
Promote global democracy
Expand colonial empires
#13

Which economic theory influenced President Ronald Reagan's policies in the 1980s, emphasizing supply-side economics and tax cuts?

Keynesian economics
Monetarism
Fiscal conservatism
Trickle-down economics
#14

During the 20th century, what impact did the Dust Bowl have on the American economy and society?

Increased agricultural productivity
Mass migration and economic hardship
Environmental conservation efforts
Expansion of manufacturing industries
#15

Which social and economic movement of the 1960s sought to address issues such as civil rights, anti-war activism, and environmentalism?

Counterculture movement
Beat Generation
Hippie movement
Red Power movement
#16

During the 20th century, what impact did the Baby Boom generation have on the economy and society?

Decline in consumer spending
Labor shortages
Increased demand for education and housing
Rise of isolationism
#17

What economic event marked the end of the post-World War II economic boom in the United States during the 1970s?

Oil Crisis
Dot-com Bubble
Subprime Mortgage Crisis
Y2K Bug
#18

During the 20th century, what economic and social changes were associated with the Women's Liberation Movement?

Expansion of labor unions
Increase in gender inequality
Advancements in women's rights and workforce participation
Rise of isolationism
#19

In the 1970s, what economic concept was characterized by a combination of high inflation and high unemployment?

Stagflation
Hyperinflation
Deflation
Economic boom

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