Transformation of the American Economy

The video explores the transformation of the American economy from 1980 to the present, focusing on technological innovations and globalization. It discusses the rise of digital technology, the internet's impact on various industries, and the shift from manufacturing to the service sector. The video also addresses the resulting economic debates, such as productivity increases and income disparity, and concludes with a call to action for students preparing for the AP U.S. History exam.

What period does Unit 9 of the AP U.S. History curriculum cover?

• 1980 to the present

• 2000 to the present

• 1950 to 1980

• 1900 to 1950

Which company was among the first to create a computer for home use in 1977?

• Apple

• Microsoft

• Dell

• IBM

What was a major impact of the internet on American life?

• Increased reliance on handwritten memos

• Decline in digital communication

• Transformation of the music industry

• Decrease in online shopping

What was one effect of the digital revolution on the economy starting in 1995?

• Increase in productivity

• Decrease in productivity

• Stagnation of productivity

• Decline in global communication

What sector saw a sharp increase as manufacturing declined in America?

• Service sector

• Construction sector

• Agricultural sector

• Industrial sector

What was a major result of outsourcing manufacturing work from America?

• Increase in American labor unions

• Decline of American labor unions

• Rise in American manufacturing jobs

• Increase in American-made products

What percentage of American jobs are in the service sector today?

• 60%

• 80%

• 50%

• 71%

What has been a significant factor in the growing income gap in America?

• Increase in manufacturing jobs

• Rise of high-wage service jobs

• Decrease in service sector jobs

• Outsourcing of high-paying jobs

How much did the wealth of the top-earning 1% of American households increase between 1979 and 2007?

• 100%

• 200%

• 275%

• 300%

What economic policy change under Ronald Reagan contributed to the income gap?

• Decrease in service sector jobs

• Restructuring of the tax code

• Increase in labor union power

• Increase in manufacturing tariffs