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MAH Final Exam

Total questions: 20

Worksheet time: 13mins

Name
Class
Date
1.

Who was the Republican President who advocated for law and order, took the United States off the gold standard, and froze wages and prices in the early 1970's.

a)

Richard Nixon

b)

Gerald Ford

c)

Jimmy Carter

d)

Ronald Reagan

2.

Who was the Republican President who pardoned Nixon. During his term, the economy worsened, which he tried to fight stagflation by tax cuts.

a)

Richard Nixon

b)

Gerald Ford

c)

Jimmy Carter

d)

Ronald Reagan

3.

Who was the Democratic President who had to deal with the Iranian Hostage Crisis. Dealt with a failing economy by advocating for reducing unemployment and shifting taxes to the wealthy. Advocated for the environment.

a)

Richard Nixon

b)

Gerald Ford

c)

Jimmy Carter

d)

Ronald Reagan

4.

Who was the Republican president known for "trickle-down" economics, tax cuts, and spending cuts.

a)

Richard Nixon

b)

Gerald Ford

c)

Jimmy Carter

d)

Ronald Reagan

5.

What was the federal economic polices of the Reagan administration. These policies combined supply-side tax cuts, and cutting government spending. Their goal was to reduce the size of the federal government and stimulate economic growth.

a)

Reaganopoly

b)

Reaganomics

c)

Ergonomics

d)

Budget surplus

6.

Who was the Democratic president (1993-2001) whose two-term presidency witnessed rapid economic growth, and had budget surplus.

a)

Ronald Reagan

b)

George H.W. Bush

c)

Bill Clinton

d)

George W. Bush

7.

Where government brings in more money through taxes than it spends on programs and military.

a)

budget deficit

b)

Reagonomics

c)

globalization

d)

budget surplus

8.

What is the process by which businesses or other organizations develop international influence or start operating on an international scale?

a)

budget deficit

b)

Reagonomics

c)

globalization

d)

budget surplus

9.

What was the North American Free Trade Agreement; allows open trade with US, Mexico, and Canada.

a)

NASA

b)

NSA

c)

NATO

d)

NAFTA

10.

What was a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation) during the 1970's?

a)

inflation

b)

stagnation

c)

stagflation

11.

Actions or processes that involve the entire world and result in making something worldwide in scope. What was seen as the cause for American jobs being moved overseas?

a)

individualism

b)

globalization

c)

environmental reasons

d)

communism

12.

What was the worst financial crisis since the Great Depression of the 1930s? It resulted in the threat of total collapse of large financial institutions, massive amounts of foreclosures, the bailout of banks by national governments, and downturns in stock markets around the world.

a)

Recession of 1989

b)

Financial Crisis of 1995

c)

Financial Crisis of 2008

d)

Coronavirus Pandemic

13.

What is missing from this image?

a)

robots

b)

materials

c)

people

14.

True or false, computers allowed companies to make more products in a shorter amount of time.

a)

True

b)

False

15.

This graph shows the amount of manufacturing jobs. Since the 1970's, what is the trend of the jobs?

a)

they increase

b)

they stay the same

c)

they decrease

16.
How did railroads impact the prices of goods & services?
a)
Made goods and services more expensive & harder to ship
b)
Made goods and services cheaper & easier to ship
c)
Gave people safer transportation
d)
Opened new land for exploring and settlements
17.
These workers gather together to try and argue for better working conditions & higher pay. 
a)
abolitionists
b)
temperance movement
c)
organized labor
18.
How did the Industrial Revolution change the way we create goods?
a)
we made fewer products
b)
we made better quality products
c)
we made products from home
d)
mass production & cheaper goods
19.
What was the purpose of labor unions?
a)
Negotiate as a group for bigger factories
b)
Negotiate as a group for better working conditions
c)
Negotiate as a group for a political revolution
d)
Negotiate as a group for a social revolution
20.
Using interchangeable parts for creating goods advanced the growth of industry because it-
a)
allowed the continuation of the domestic system
b)
permitted large quantities of goods to be mass produced at lower cost
c)
made it possible for unskilled workers to operate machines
d)
brought an end to the common abuse of factory workers