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Unit 4: Economics

Total questions: 77

Worksheet time: 58mins

Name
Class
Date
1.

This is a tax on goods brought into a country...

a)

Mercantilism

b)

Feudalism

c)

Tariff

d)

Market

2.

What was the goal of mercantilism?

a)

To control trade and gain wealth

b)

Make colonies wealthy

c)

Import many goods from other nations

d)

Share wealth with other nations

3.

What is mercantilism?

a)

System where a mother countries gains money and power from natural resources that come from its colonies.

b)

Where colonies trade gold and silver with each other

c)

wars that start over money

d)

plantation colonies trading enslaved peoples for money

4.

The impact of mercantilism was that...

a)

the rate of slavery in the Americas went down

b)

trade was limited in the Atlantic

c)

the colonies grew wealthy

d)

the Mother Country (Britain) grew wealthy

5.

All of the following were major changes brought about by the Market Revolution EXCEPT:

a)

People moving from farms to factories

b)

Movement of homes in the country to home in the city

c)

Electricity in people’s homes

d)

Easier communication and transportation

6.

The factory system made life easier because:

a)

It streamlined the process of creating goods

b)

It helped business owners speak directly with consumers

c)

It helped transport goods faster and easier

d)

It greatly reduced the number of hours individuals spent on farm labor

7.

A canal is best explained as a

a)

Natural river

b)

Man-made river

c)

Waterway from the mountains

d)

Tunnel across states

8.

The steamboat and the railroad made life easier because:

a)

They streamlined the process of creating goods

b)

They helped business owners speak directly with consumers

c)

They helped transport goods faster and easier

d)

They greatly reduced the number of hours individuals spent on farm labor

9.

During the Market Revolution people’s lives became all of the following except:

a)

Easier through new inventions

b)

Faster from new transportation

c)

Simpler from new modes of communication

d)

Harder due to increasing prices

10.

How did the US economy change after Reconstruction? (5-3.1)

a)

Farmers produced more crops.

b)

Trade was even more important to the US.

c)

The US became a manufacturing and production country.

d)

More people moved to the country because of overcrowding.

11.

How did new methods of mass production contribute to the Industrial Revolution?

a)

New products were all made by hand.

b)

Businesses used sharecropping to increase the production of goods.

c)

New products were made quickly and cheaply

d)

Cities became ghost towns because machines replaced manual labor.

12.

What happened as America shifted from an agrarian (farming) nation to an industrial nation?

a)

New technologies helped farm work get done quicker and quicker.

b)

It led to higher crop output.

c)

Many people moved to the cities to make more money.

d)

All of the above

13.

Andrew Carnegie and John D. Rockefeller developed business practices that let them take total control of a specific industry. This practice was called ______________.

a)

monopoly

b)

technology

c)

labor unions

d)

urbanization

14.

Growth of big business led to all EXCEPT which of the following:

a)

People left cities and began to farm

b)

By 1900, more Americans worked in factories than on farms

c)

Big business created millions of jobs

d)

The US became the world’s leading producer of manufactured goods

15.
Why did people move to the cities during the Industrial revolution?
a)
Jobs in factories
b)
Jobs on the farm
c)
Family
d)
Friends
16.
What factor led many farmers, families, and young women to move to cities during the nineteenth century?
a)
the growing availability of factory jobs
b)
the constant fear of an influenza outbreak
c)
the declining interest in westward expansion
d)
the educational opportunities at free universities
17.
What was the immediate impact of canals, steamboats, and railroads on the development of U.S. industry?
a)
lowered the costs of transportation, making profits greater
b)
highlighted labor problems, bringing social reform
c)
increased the number of immigrants, enlarging the labor force
d)
loss of crop soil resulting in a famine
18.

The Industrial Revolution

a)

did not change life much for Americans.

b)

saw an increase in urban population.

c)

changed our government to a monarchy

d)

moved people westward.

19.

Why did production of goods transition away from the home?

a)

Too many people moved to the city.

b)

It was replaced by the factory system.

c)

The need for textiles decreased.

d)

Women who worked in cottage industries went on strike.

20.
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
21.
What happened to the price of shipping goods on steamboats as more people began using them? 
a)
The price went up to ship
b)
The price stayed the same 
c)
The price constantly changed 
d)
The price became very cheap to ship goods
22.

The Erie Canal promoted growth of cities and

a)

decreased the cost of shipping goods in the Midwest

b)

helped Disney cruises

c)

increased trade in New Orleans

d)

increased the cost of shipping goods

23.
Nativists oppose...
a)
Business regulation
b)
Immigration
c)
Capitalism
d)
Democracy
24.
Competing businesses that cooperate to act like a monopoly
a)
Trust
b)
Corporation
c)
Holding company
d)
Infrastructure
25.
An organization that did favors (using public $$) / won votes for their party
a)
Labor union
b)
Political machine
c)
Caucus
26.
An organization of workers who promote their interests collectively (as a group)
a)
Labor union
b)
Political machine
c)
Caucus
27.

What statement about tenements was true during the Gilded Age?

a)

The living conditions of tenements improved greatly

b)

The number of people living in tenements declined

c)

Many immigrants lived in crowded tenements

d)

Tenements were torn down and rebuilt

28.
What was a useful function of political machines in the late 1800s? 
a)
They prevented corruption in local government
b)
They helped provide a supply of cheap and skilled labor for industry.
c)
They served as role models for future city governments by acting as city managers.
d)
They assisted in the social and political assimilation of immigrants into the community.
29.

An increase in political corruption, big business, immigration, and urbanization took place during the-

a)

Progressive Era

b)

Gilded Age

c)

Roaring 20's

d)

Great Depression

30.

During the Gilded Age there was an increase in ____________________ and ___________________ as people moved to U.S. cities looking for economic opportunities.

a)

Work and Infrastructure

b)

Corruption and Laissez-Faire

c)

Urbanization and Immigration

d)

Monopolies and Political Bosses

31.

Andrew Carnegie was an entrepreneur and a _____________ because he donated money to libraries and universities.

a)

Person

b)

Philanthropist

c)

Nativist

d)

Political Boss

32.

One of the most influential political machines was -

a)

Upton Sinclair and the FDA

b)

Samuel Gompers and the American Federation of Labor

c)

W.E.B. DuBois and the NAACP

d)

Boss Tweed and Tammany Hall

33.

John D. Rockefeller had a monopoly over which in industry?

a)

Steel

b)

Railroads

c)

Oil

d)

Banking

34.

What does this image say about the control of political bosses?

a)

political bosses wanted to squish the opportunities in New York

b)

political bosses control all of New York City

c)

Political bosses were showing their approval with a "thumbs up" image

d)

New Jersey did not have political bosses

35.

From this image, who is in control of the US lawmakers.

a)

Large monopolies

b)

small private business

c)

political machines

d)

labor unions

36.

Why does this image depict Rockefeller so large?

a)

He was a political boss who tried to win governmental favors

b)

He was a government inspector looking for corruption

c)

He was a robber baron who used his money and power to influence government

d)

He was looking to correct all of pollution cause by industrialization

37.

What does this image say about the control of Stand Oil?

a)

Standard Oil is a monster trying to control the entire USA

b)

Standard Oil is trying to save government from political bosses

c)

Standard Oil is trying to keep government on the right track to benefit laborers

d)

Stand Oil had control over many aspects of government

38.

What does this image say about the need for labor unions?

a)

labor unions were desirable because the workers were being crushed by difficult living conditions and poor pay.

b)

Labor unions decreased nativism

c)

Labor unions helped big business keep control of the workers

d)

Labor unions helped reduce the length of the work day

39.
designed to prevent companies from engaging in unfair practices that eliminated fair competition
a)
Gospel of Wealth
b)
Corporation
c)
Interstate Commerce Act
d)
Sherman Antitrust Act
40.

Between 1848 and 1920, suffragists protested for women to have the right to vote.


Which amendment guaranteed women this right in the United States?

a)

16th

b)

17th

c)

18th

d)

19th

41.

The Jungle exposed unsanitary and unsafe practices in the meatpacking industry.


Which muckraker is responsible for exposing the conditions?

a)

Jacob Riis

b)

Lewis Hines

c)

Ida Tarbell

d)

Upton Sinclair

42.

Prohibition banned the making, selling, buying, or drinking of alcohol. Which amendment made this possible?

a)

17th Amendment

b)

18th Amendment

c)

19th Amendment

d)

21st Amendment

43.

Reporters, journalists, photographers, and authors who used the media to raise concerns about the negative effects of industrialization were known as

a)

muckrakers

b)

suffragists

c)

immigrants

d)

abolitionists

44.

____________?____________


A period of time when social, economic and political problems caused by rapid industrialization were exposed and in some cases reformed.


What is the most likely title for this?

a)

Industrialization

b)

Progressive Era

c)

Reconstruction

d)

Prohibition

45.

The purpose of the Sherman Anti-Trust Act was to

a)

break up monopolies

b)

give equal rights to women

c)

help people living in poverty

d)

end racism

46.

The campaign to stop abuse in the homes by urging people and the government to stop alcoholism was called

a)

Women Suffrage

b)

Temperance Movement

c)

Alcoholics Anonymous

d)

Fair Weather Fan

47.
What was an important effect of the influx of people from the country to the cities in the late nineteenth century?
a)
a sharp increase in college enrollment
b)
crowded slums and unsanitary conditions
c)
decline in economic growth
d)
 a large amount of unused farmland
48.
Suffrage refers to:
a)
Discrimination
b)
Women’s Rights
c)
The Right To Vote
d)
The Denial of Voting
49.
What did the Meat Inspection Act accomplish?
a)
Banned the use of assembly lines
b)
Allowed the government to have unlimited power
c)
Cleaned up food producing factories
d)
Advocated for minority groups
50.
Who wrote the expose piece of literature that revealed the extensive corrupt monopolistic business practices of Standard Oil?
a)
Ida Tarbell
b)
Lewis Hines 
c)
Jacob Riis
d)
Upton Sinclair
51.
What was the symbol of feminine change in the 1920s?
a)
Flapper
b)
Bootlegger
c)
Immigrant
d)
Musician
52.
What was the major change for women in the 1920s?
a)
Right to Vote
b)
Right to Work
c)
Right to Dance
d)
Right to Drink
53.

What was the primary way flappers of the 1920s challenged the traditional role of women?

a)

fought for increased job opportunities

b)

pressured colleges and universities to accept female students

c)

displayed fashions and behaviors that shocked mainstream society

d)

helped female politicians win campaigns

54.

What was a immediate effect of the radio?

a)

help with finances

b)

mobility for the working class

c)

improved access to information

d)

helped women get away from traditional roles

55.
Which of the following statements best describes what happened on Black Tuesday?
a)
Stock prices fell and the stock market crashed.
b)
Bank runs forced many banks to close their doors.
c)
Federal troops attacked the Bonus Army marchers.
d)
The Supreme Court ruled that the NRA was unconstitutional.
56.
This is the process of taking money borrowed from the bank or a broker, and putting it into the stock market
a)
Buying on Margin 
b)
Speculation 
c)
Buying on Credit 
d)
Overconsumption 
57.
A way of borrowing money from a bank or finance company so that you can have what you want and pay for it later
a)
Speculation 
b)
Buying on Credit 
c)
Buying on Margin 
d)
Overproduction 
58.
When a large number of customers line up to withdraw cash from deposit accounts from a financial institution
a)
Speculation 
b)
Black Friday 
c)
Bank Run 
d)
Underconsumption 
59.
This is making a very risky investment in the stock market, in hopes of earning a large profit
a)
Speculation 
b)
Buying on Margin 
c)
Bank Run 
d)
Bull Stock 
60.
This cause led many businesses to close, because they were producing more goods than consumers were willing to buy.
a)
Overproduction 
b)
Underconsumption 
c)
Buying on Credit 
d)
Stock Speculation 
61.
Which President created the New Deal?
a)
Ellis Arnall
b)
Herbert Hoover
c)
Eugene Talmadge
d)
Franklin D. Roosevelt
62.
The ____________________ created a means for retired and disabled Americans.
a)
The Welfare Act
b)
The Social Security Act
c)
The New Deal
d)
The CCC
63.
This program offered jobs to single young men building bridges, working on roads, parks, dams, etc.
a)
THe Civilian Conservation Corp
b)
The Cool Conservative Company
c)
The Creepy Cold Constitution
d)
The Civilian Coal Company
64.
_____________________________ paid farmers for their land so they would not plant on part of it.
a)
The Do Not Plant Here Police
b)
The Agricultural Adjustment Administration
c)
The Rural Power Company
d)
FDR
65.

Environmental disaster that hit farmers on the great plains; Large dust storms made it impossible to farm:

a)

Great Migration

b)

1930s Wind Storms

c)

Dust Bowl

66.

Camps of homeless people in homemade shacks:

a)

Hoovervilles

b)

Homeless shelters

c)

Soup kitchens

67.

A series of programs aimed at providing relief, recovery, & reform during the Great Depression:

a)

New Deal

b)

League of Nations

c)

Wilson's 14 Points

68.

The term "Great Society" came to represent

a)

the glamorous image fo the Kennedy Administration

b)

the antion's anti-communist agenda

c)

Michael Harrington's affluent society

d)

the domestic programs of the Johnson Administration

69.

What kind of society did President Johnson envision when he created the Great Society programs?

a)

one the ensured access to justice, education, decent housing, and health care for all Americans

b)

one that emphasized that all people are equal only in the eyes of God

c)

one that sympathized with the less fortunate but strictly limited government's role in helping them

d)

one that made separate schools for black and white children truly equal

70.
Names of the Great Society Programs that provide health insurance to the elderly and covers low income people with medical needs?
a)
HUD and CPB
b)
VISTA and Job Corps
c)
NEA and SeniorCare
d)
Medicare and Medicaid
71.
What Great Society program provided affordable housing?
a)
HUD
b)
HBK
c)
NATO
d)
NAACP
72.
Some critics complained that the Great Society programs
a)
gave the rich too many tax breaks
b)
gave the federal government too much power
c)
paid too little attention to health care
d)
favored rural over urban citizens
73.

Former CIA agents broke into Democratic headquarters. Nixon tried to cover up the burglary. He was forced by the Supreme Court to hand over his tapes of White House conversations. These showed that Nixon had lied about the cover-up. This was known as?

a)

Lewinsky scandal

b)

Watergate scandal

c)

Iran-Contra Affair

d)

Teapot Dome

74.
What did Reagan do to taxes?
a)
Raise them
b)
Cut them
75.

Broad tax cuts, cuts to the federal budget, and increased military spending, Reagan believed all of these would promote economic expansion, these are examples of what policy:

a)

Reaganomics

b)

Strategic Defense Initiative

c)

Containment

d)

Fiscal Responsibility

76.

During Reagan’s presidency, federal spending increased most for

a)

defense and the military.

b)

job training and school loans.

c)

urban mass transit in major cities.

d)

environmental protection.

77.

Economic theory that tax cuts will increase jobs

and government revenues

a)

Reaganomics

b)

Deregulation

c)

Supply-Side Economics

d)

Strategic Defense Initiative

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