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Economic Challenges and Social Impact in 20th Century America Quiz

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

Laissez-faire

Explanation

Advocates for minimal government involvement.

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

Inflation

Explanation

General rise in prices reducing purchasing power.

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

Emergency Banking Act

Explanation

Stabilized banking system and restored trust.

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

Laissez-faire capitalism

Explanation

Free-market approach with minimal regulation.

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

Supply-side economics

Explanation

Belief in growth through cutting taxes and regulations.

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

Stock market crash of 1929

Explanation

Beginning of severe economic downturn in the US.

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

Providing retirement benefits and unemployment insurance

Explanation

Established safety nets for retirees and unemployed.

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

Works Progress Administration (WPA)

Explanation

Large-scale public works to create jobs.

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

Oil Embargo

Explanation

Disruption of oil supply causing economic strains.

#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?

Outsourcing

Explanation

Transfer of production to lower-cost locations.

#11

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

Great Society

Explanation

Comprehensive social reforms and welfare programs.

#12

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

Rebuild European economies

Explanation

Aid to war-torn countries for reconstruction.

#13

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

Trickle-down economics

Explanation

Belief in benefits trickling down from the wealthy.

#14

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

Mass migration and economic hardship

Explanation

Forced migration and severe economic challenges.

#15

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

Counterculture movement

Explanation

Challenged societal norms and government policies.

#16

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

Increased demand for education and housing

Explanation

Surge in need for educational and housing infrastructure.

#17

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

Oil Crisis

Explanation

Shock to oil supply causing economic downturn.

#18

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

Advancements in women's rights and workforce participation

Explanation

Increased equality and participation in labor force.

#19

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

Stagflation

Explanation

Simultaneous economic stagnation and inflation.

Economic Challenges and Social Impact in 20th Century America Quiz

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

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

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

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

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

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

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

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

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

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?

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

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

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

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

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

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

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

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

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

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