Ch. 41 Peace, Prosperity and Progress

Define real income.

• amount of good an income can purchase

• amount of services an income can purchase

• amount of goods and services an income can purchase

• the increased supply of money and goods

What is inflation?

• an increase of the minimum wage

• the increase of goods and services an income will purchae

• the decrease supply of goods and money that result in lower prices

• the increase supply of goods and money that result in higher prices

What was NOT included in Truman's "Fair Deal"?

• proposed increase of the minimum wage

• proposed increase of aid farmers and agriculture

• proposed national health insurance program

• proposed increase in inflation

What is "planned obsolescence"?

• creating the desire to preserve and repair what you own

• creating the desire to own newer items because the others are "out of date"

• creating the desire to recycle and reuse items

• creating the desire to delay purchasing new items

How did the workforce change as the result of the changing economy?

• labor unions lost membership due to becoming unpopular

• white color works began to out number blue collar workers

• women became half of the workforce

• African Americans received employee benefits for the first time

What is a franchise?

• an agreement to produce the products of another company

• an agreement to operate a business that carries a company's name and produce

• an agreement to hire the employees from another company

• an agreement to train another company's employees

Which type of worker is described by the following:

-factory worker

-paid an hourly wage

-usually has a skilled trade

-once the largest part of the US workforce

• Blue-collar worker

• White- collar worker

Which type of worker is described by the following?

-professional such as lawyer or doctor

-paid a set salary

-often working in an office

• Blue-collar worker

• White-collar worker

What was the baby boom?

• the decrease in the birthrate from 1900-1946

• the decrease in the birthrate from 1946-1964

• the increase in the birthrate from 1960-1980

• the increase in the birthrate from 1946-1964

Which of these states would not be in the "Sunbelt"?

• California

• Florida

• Texas

• New York