1960s and 1970s

Front

Which event coincided with the end of direct US military involvement in Vietnam? Options: The Watergate scandal, The OPEC oil embargo, The Cuban Missile Crisis, The Korean War armistice

Back

The OPEC oil embargo

Front

After 1945, what global position did the United States have to accept according to post-war economic assumptions?

Back

A global leadership role

Front

Explain how the combination of high taxation, government spending, and restricted international capital markets might have influenced economic stability in the post-war era.

Back

It likely promoted economic stability by allowing the state to manage economic activity and protect domestic markets.

Front

Which of the following was a key argument made by defenders of the Post-War Economy? Options: The oil crisis was beyond the control of governments., The Post-War Economy caused sluggish growth rates., The Post-War Economy led to over dependence on the state., The benefits of greater enterprise were ignored.

Back

The oil crisis was beyond the control of governments.

Front

Explain how the Vietnam War influenced the American economy between the early 1960s and the 1970s.

Back

It was an important factor in bringing down the economy from growth and affluence to economic crises.

Front

What was one consequence of funds going overseas for the balance of payments and the value of the dollar?

Back

It contributed to an imbalance in the balance of payments and weakened the dollar.

Front

According to the material, what was one consequence of budget deficits created by military and social spending?

Back

Fueled inflation

Front

How did anti-war sentiments and dissatisfaction with the government impact the economy?

Back

They eroded consumer confidence.

Front

Some economic effects of the era can be directly related to which of the following? The reduction of military materials, The production of military materials and inflationary effects of spending, The increase in social welfare programs, The decrease in consumer demand

Back

The production of military materials and inflationary effects of spending

Front

Why did OPEC target the United States and its allies with an oil embargo in 1973?

Back

For supplying Israeli forces in the Arab-Israeli War of 1973