STAAR Review: Economic

Which result completes this diagram? (2019-3B)

• ratification of a suffrage amendment

• building of the transcontinental railroad

• passage of prohibition legislation

• expansion of labor unions

Which benefit resulted from the introduction of the Bessemer steel process? (2019-26A)

• mechanical reapers to replace horse-drawn reapers

• stronger and cheaper material for railroads and bridges

• transistors for radios

• electric lightbulb

What was one significant impact of the opening of the Panama Canal? (2019-15D)

• it helped reduce the spread of communism and socialism in Latin American countries

• it resulted in the signing of the North American Free Trade Agreement

• it increased trade by reducing travel times between the Pacific and Atlantic Oceans

• it created tension between the US and Latin American countries over immigration policy

What was one economic effect of the Spanish-American War? (2018-15D)

• shipbuilding industries in the US declined

• new free and fair trade treaties were established between the US and developing countries

• the US gained direct access to additional natural resources and oversee markets

• demand for coal and petroleum as energy sources declined

Which of these is an example of a successful innovation of the assembly-line production model? (2016-26C)

• social-media company initiates a new privacy policy for its subscribers

• financial adviser redistributes money throughout a customer's portfolio

• a computer is built to a purchaser's specifications using the available inventory of supplies

• cable-tv company updates its system to include more channels

Which statement best describes how investment in stock market during the mid-to-late 1920s contributed to the Great Depression? (2019-19B)

• people were unable to repay the loans used to purchase stocks

• government taxes on stock transactions made it difficult to repay investors

• financial institutions were not required to report earnings to stock investors

• foreign countries were not required to immediately pay stockholder earnings

Which of the following directly contributed to economic instability of the US in 1929? (2016-16B)

• the implementation of a personal income tax

• overspeculation in the stock market

• new regulations on banking

• elimination of import tariffs

What is the main function of the Federal Deposit Insurance Corporation? (2016-16E)

• assisting banks in recovering unpaid loans

• providing monetary aid to struggling banks

• guaranteeing job security for bank employees

• protesting personal savings in the event of a bank failure

Which statement best explains one effect of the New Deal? (2019-18A)

• the federal government took control of public education and universities

• corporations had to obtain permission from state government before hiring workers

• labor unions had to provide justification to state government before conducting strikes

• people relied more on the federal government for assistance

This photograph best illustrates the need in 1943 to -- (2015-17A)

• maintain the country's military and industrial production levels

• increase the regulatory power of the War Production Board

• outlaw closed-shop and collective-bargaining practices by labor unions

• increase federal funding for the Manhattan Project