

1960s and 1970s
Flashcard
•
History
•
12th Grade
•
Practice Problem
•
Easy
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116 questions
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1.
FLASHCARD QUESTION
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
2.
FLASHCARD QUESTION
Front
After 1945, what global position did the United States have to accept according to post-war economic assumptions?
Back
A global leadership role
3.
FLASHCARD QUESTION
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.
4.
FLASHCARD QUESTION
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.
5.
FLASHCARD QUESTION
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.
6.
FLASHCARD QUESTION
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.
7.
FLASHCARD QUESTION
Front
According to the material, what was one consequence of budget deficits created by military and social spending?
Back
Fueled inflation
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