U.S Economy History 1940s-1970s

Truman helped pass the Employment Act of 1946

• True

• False

The Employment Act was originally introduced as the Full Employment Bill in 1945.

• True

• False

There was a mild recession in 1954 and a more serious one in 1958, unemployment remained low, bottoming at less than 4.5% in the middle of the decade.

• True

• False

The Readjustment Benefit Act of 1966 was linked to which other prior act/bill?

• Employment Act

• G.I. Bill

• Taft Harley Act

• Federal Aid Highway Act

Which of these acts/bill was denounced as "Slave labour" law in the 1940s?

• Taft Harley Act

• Employment Act

• Full Employment Bill

• Revenue Act

During the 1950s there was decreasing per capita income, high inflation and increasing unemployment.

• True

• False

In which decade was the Bretton Woods Conference?

• 1940s

• 1950s

• 1960s

• 1970s

What does OPEC stand for?

Which year was OPEC formed?

• 1950

• 1960

• 1970

• 1980

Name ONE out of the 5 countries that founded OPEC.