CHAPTER 14
Growth and Depression in the United States, 1900 1940
MULTIPLE CHOICE
1. Between 1929 and 1980, the power of corporations
f. decreased as corporate income fell to less than 25% of business income.
g. increased as corporate income rose to over 60% of business income.
h. remained approximately the same at 40% of business income.
i. increased as corporate income rose to 90% of business income.
86. The Great Depression
a. was the result of the first oil embargo of the 1970s.
b. was a particularly severe recession that occurred in the United States during the 1950s.
c. was a world wide economic downturn that started in 1929.
d. was a consequence of World War I.
87. The Great Depression changed the role of government in the economy. Which of the
following laws was passed during the Great Depression?
a. the Social Security Act
b. the Sherman Antitrust Act.
c. the Civil Rights Act.
d. the Federal Reserve Act.
88.
a. President Theodore Roosevelt
b. President Franklin Roosevelt
c. President Eisenhower.
d. President Kennedy
89. Which of the following is an example of the protective labor legislation passed prior to the
Great Depression?
a. a law requiring all workers to be paid a minimum of 25 cents per hour.
b. a law requiring all workers to be paid overtime for working more than 8 hours a day.
c. a law prohibiting women from working in dangerous jobs.
d. a law requiring all employers to provide safety equipment to their workers.
90. The Nineteenth Amendment giving women the right to vote
a. was passed in 1789
b. was passed in 1865
c. was passed in 1920
d. was passed in 1964.
91. What is a vertical merger?
a. a vertical merger involves a merger of top management only.
b. a vertical merger involves a hostile takeover of another firm.
c. a vertical merger involves a voluntary joining of equally powerful firms.
d. a vertical merger involves the merger of a firm with its suppliers and/or distributors.
92.
a. the amount of a paycheck that a worker gets to keep.
b. the amount of personal income that is saved
c. the amount of profits paid to shareholders in the form of dividends.
d. .the amount of profits not distributed to shareholders.
93. What is a horizontal merger?
a. a horizontal merger involves a merger of subsidiaries.
b. a horizontal merger involves a joining of firms from different countries.
c. a horizontal merger involves a joining of firms selling the same product.
d. a horizontal merger involves the merger of a firm with its suppliers and/or distributors.
94. What is sharecropping?
a. a system of agriculture in which a landowner allows a tenant to use land in return for a
share of the crop.
b. a system of agriculture in which a group of farmers agree to share tools, labor and land to
produce a single, joint crop.
c. a system of agriculture in which a group of farmers join together to sell and distribute
their crops.
d. a system of agriculture in which a group of individuals live together on a farm to produce
a joint crop.
95. The
a. the day of the 1929 stock market crash.
b. the first day of World War II.
c. the day Franklin D. Roosevelt was inaugurated.
d. first day of World War I.
96. The first president to make the environment a top priority was
a. Abraham Lincoln
b. Theodore Roosevelt
c. Richard Nixon
d. George W. Bush
97. Between 1900 and 1929 the U.S.
a. underwent a long period of economic stagnation.
b. experienced spectacular economic growth.
c. was primarily an agricultural economy.
d. imposed strong regulations on large corporations.
APPENDIX 14.1
Socialism, 1900 1940
MULTIPLE CHOICE
98. The socialist party in Russia led by V.I Lenin
a. became the Communist Party, and Russia became part of the Union of Soviet Socialist
Republics
b. became the Social Democratic Party, and Russia became part of the Union of Soviet
Socialist Republics
c.
Austro-Hungarian empire.
d. became the Bolshevik Party, and Russian became part of the Russian Federation.
99. In the United States,
a. there has never been a socialist party.
b. the socialist party and the communist party split during the 1920s.
c. there has never been a communist party.
d. both the socialist and communist party became illegal in 1952.