Gr 11 History Ch 2 SUM: Capitalism in USA 1900-1940
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Questions and Answers

What was a significant consequence of the United States' involvement in World War I?

  • A decline in American industrial production
  • A shift towards socialism in the USA
  • A reduction in labor union membership
  • An increase in government regulation and control over industries (correct)

    • What was the goal of the War Industries Board established in 1917?

  • To reduce government control over industries
  • To coordinate the production of war materials and set priorities in industrial production (correct)
  • To promote labor union membership
  • To reduce consumer goods production

    • What did the economic policies of Presidents Warren Harding and Calvin Coolidge favor?

  • A return to normalcy and a free-market economy (correct)
  • Socialist economic policies
  • Protectionist trade policies
  • Increased government involvement in business

    • What was the mantra that encapsulated the pro-business stance of President Calvin Coolidge?

    <p>The business of the American people is business</p> Signup and view all the answers

    What was a significant consequence of the economic boom of the 1920s?

    <p>A massive expansion in American industry</p> Signup and view all the answers

    What was a significant change in labor relations during the 1920s?

    <p>A growth in labor union membership</p> Signup and view all the answers

    What was a critical factor in the growth of the American industry in the 1920s?

    <p>Technological advancements</p> Signup and view all the answers

    What was a significant characteristic of the American economy in the early 20th century?

    <p>Rapid industrial growth</p> Signup and view all the answers

    What was a major consequence of the Immigration Act of 1924?

    <p>Limited immigration from southern and eastern Europe and Asia</p> Signup and view all the answers

    What was a key factor contributing to the stock market crash of 1929?

    <p>Rampant speculation and overvalued stocks</p> Signup and view all the answers

    What was a result of the wall street crash of 1929?

    <p>Bank failures and widespread unemployment</p> Signup and view all the answers

    What characterized the economic growth of the 1920s?

    <p>Rapid growth fueled by speculation and mass production</p> Signup and view all the answers

    What was a consequence of the lack of regulations in the stock market?

    <p>Rampant speculation and overvalued stocks</p> Signup and view all the answers

    What was a social consequence of the Great Depression?

    <p>Poverty, loss of homes, and a decline in living standards</p> Signup and view all the answers

    What was a cause of the economic downturn in the 1930s?

    <p>Uneven distribution of wealth and overreliance on credit</p> Signup and view all the answers

    What was a characteristic of the 1920s economy?

    <p>Speculation, mass production, and consumer spending</p> Signup and view all the answers

    What was a consequence of the stock market crash of 1929?

    <p>Industrial output fell sharply, and deflation set in</p> Signup and view all the answers

    What was a response to the Great Depression?

    <p>Inadequate initial governmental response under President Hoover</p> Signup and view all the answers

    What led to the election of Franklin D. Roosevelt?

    <p>The shift in political sentiment during the Great Depression</p> Signup and view all the answers

    What was the primary focus of the First New Deal (1933-1935)?

    <p>Immediate relief for the needy, economic recovery, and financial reforms</p> Signup and view all the answers

    What was the main objective of the Emergency Banking Relief Act (1933)?

    <p>To stabilize the banking system by closing insolvent banks</p> Signup and view all the answers

    What was the impact of the New Deal on capitalism, according to some critics?

    <p>It weakened the economy by creating a dependency on government assistance</p> Signup and view all the answers

    What was the primary outcome of the New Deal?

    <p>The improvement of infrastructure, provision of jobs, and restoration of faith in the banking system</p> Signup and view all the answers

    What was the significance of the Social Security Act (1935)?

    <p>It established a system of old-age benefits and unemployment insurance</p> Signup and view all the answers

    What was the impact of the New Deal on the role of the federal government in the economy?

    <p>It expanded the government's role in the economy</p> Signup and view all the answers

    What was the legacy of the New Deal?

    <p>It led to significant changes in American society and governance</p> Signup and view all the answers

    What was the significance of the National Labor Relations Act (Wagner Act, 1935)?

    <p>It strengthened the rights of labor unions</p> Signup and view all the answers

    What ultimately lifted the United States fully out of the Great Depression?

    <p>The economic mobilization of World War II</p> Signup and view all the answers

    What was the primary factor driving the economic recovery of the United States during World War II?

    <p>Increased industrial production and government spending</p> Signup and view all the answers

    What was the result of the increased industrial production during World War II?

    <p>A decrease in unemployment rates</p> Signup and view all the answers

    What was the primary goal of the Neutrality Acts during World War II?

    <p>To keep the United States out of foreign wars</p> Signup and view all the answers

    What was the outcome of the Cash and Carry Policy during World War II?

    <p>Exports increased without entangling the nation in foreign alliances</p> Signup and view all the answers

    What was the transformative impact of World War II on the U.S. economy?

    <p>It effectively ended the Great Depression</p> Signup and view all the answers

    What was a result of war-related research and development during World War II?

    <p>Technological innovations that would have peacetime applications</p> Signup and view all the answers

    Which industry suffered during the Great Depression but found new life during World War II?

    <p>Steel and automotive</p> Signup and view all the answers

    What was the iconic figure that represented the shift in women's roles during World War II?

    <p>Rosie the Riveter</p> Signup and view all the answers

    What was the main reason for the shift in labor laws in the 1920s?

    <p>To favor industrial growth and capitalist ethos</p> Signup and view all the answers

    What was the main consequence of the Immigration Act of 1924?

    <p>Severely limited immigration from southern and eastern Europe and Asia</p> Signup and view all the answers

    What was a key factor in the growth of the American industry in the 1920s?

    <p>Technological advancements</p> Signup and view all the answers

    What was a major cause of the stock market crash of 1929?

    <p>Rampant speculation and overvalued stocks</p> Signup and view all the answers

    What was a result of the stock market crash of 1929?

    <p>Massive bank failures</p> Signup and view all the answers

    What was a social consequence of the Great Depression?

    <p>Widespread economic hardship and a decline in living standards</p> Signup and view all the answers

    What was a characteristic of the American economy in the 1920s?

    <p>Uneven distribution of wealth</p> Signup and view all the answers

    What was a critical factor in the stock market crash of 1929?

    <p>Lack of government oversight</p> Signup and view all the answers

    What was a consequence of the lack of regulations in the stock market?

    <p>Speculative bubble and economic downturn</p> Signup and view all the answers

    What was a response to the Great Depression?

    <p>Inadequate response under President Hoover</p> Signup and view all the answers

    What was the primary driver of the economic recovery of the United States during World War II?

    <p>Increased industrial production and government spending</p> Signup and view all the answers

    What was the result of the war effort on the U.S. workforce?

    <p>Millions of jobs were created, drastically reducing unemployment rates</p> Signup and view all the answers

    What was the outcome of the Cash and Carry Policy during World War II?

    <p>The U.S. economy was boosted by increased exports</p> Signup and view all the answers

    What was the impact of World War II on the U.S. economy?

    <p>The war ended the Great Depression and revitalized industries</p> Signup and view all the answers

    What was a significant outcome of war-related research and development during World War II?

    <p>War-related research and development pushed technological boundaries</p> Signup and view all the answers

    What was the primary goal of the Neutrality Acts during World War II?

    <p>To keep the United States out of foreign wars</p> Signup and view all the answers

    What industry suffered during the Great Depression but found new life during World War II?

    <p>Both automotive and steel</p> Signup and view all the answers

    What was the iconic figure that represented the shift in women's roles during World War II?

    <p>Rosie the Riveter</p> Signup and view all the answers

    What characterized the United States' emergence as a leading global industrial power in the early 20th century?

    <p>An abundance of raw materials and a growing labor force</p> Signup and view all the answers

    What was the primary goal of the War Industries Board established in 1917?

    <p>To coordinate the production of war materials and set priorities in industrial production</p> Signup and view all the answers

    What was a significant consequence of the economic boom of the 1920s?

    <p>A massive expansion in American industry</p> Signup and view all the answers

    What was a critical factor in the growth of labor unions during the 1920s?

    <p>The war and subsequent economic conditions</p> Signup and view all the answers

    What characterized the economic policies of Presidents Warren Harding and Calvin Coolidge?

    <p>A pro-business stance and a return to normalcy</p> Signup and view all the answers

    What was a significant change in labor relations during the 1920s?

    <p>A growth of labor unions</p> Signup and view all the answers

    What was a critical factor in the rapid industrial growth of the United States in the early 20th century?

    <p>An abundance of raw materials and a growing labor force</p> Signup and view all the answers

    What was the primary outcome of the economic policies of Presidents Warren Harding and Calvin Coolidge?

    <p>A massive expansion in American industry</p> Signup and view all the answers

    What was the primary objective of the New Deal introduced by Franklin D. Roosevelt?

    <p>To restore economic stability and provide relief to the suffering population</p> Signup and view all the answers

    What was the main focus of the First New Deal (1933-1935)?

    <p>Immediate relief for the needy, economic recovery, and financial reforms</p> Signup and view all the answers

    What was the significance of the Emergency Banking Relief Act (1933)?

    <p>It stabilized the banking system by closing insolvent banks and reorganizing the banking sector</p> Signup and view all the answers

    What was a key outcome of the New Deal programs?

    <p>A substantial increase in job security and consumer confidence</p> Signup and view all the answers

    What was a criticism of the New Deal by some business leaders?

    <p>It imposed excessive regulations and high taxes</p> Signup and view all the answers

    What was the impact of the New Deal on the role of the federal government in the economy?

    <p>It expanded the government's role in the economy</p> Signup and view all the answers

    What was a strengthening aspect of the New Deal on capitalism?

    <p>The introduction of regulatory bodies and frameworks</p> Signup and view all the answers

    What was the significance of the Social Security Act (1935)?

    <p>It established a system of old-age benefits and unemployment insurance</p> Signup and view all the answers

    What ultimately lifted the United States fully out of the Great Depression?

    <p>The economic mobilization of World War II</p> Signup and view all the answers

    What was the legacy of the New Deal?

    <p>A mixed economy where government and private enterprise play roles in regulating and sustaining economic activity</p> Signup and view all the answers

    What was the primary driver of the economic recovery of the United States during World War II?

    <p>Increased industrial production and government spending</p> Signup and view all the answers

    What was the outcome of the war effort on the U.S. workforce?

    <p>A significant surge in employment rates</p> Signup and view all the answers

    What was the significance of the Cash and Carry Policy during World War II?

    <p>It allowed trade with belligerent nations as long as they paid cash and transported goods on their own ships</p> Signup and view all the answers

    What was a result of war-related research and development during World War II?

    <p>Advancements in radar, jet engines, and atomic energy</p> Signup and view all the answers

    Which industry suffered during the Great Depression but found new life during World War II?

    <p>Steel and automotive</p> Signup and view all the answers

    What was the iconic figure that represented the shift in women's roles during World War II?

    <p>Rosie the Riveter</p> Signup and view all the answers

    What was the transformative impact of World War II on the U.S. economy?

    <p>It ended the Great Depression by providing jobs and revitalizing industries</p> Signup and view all the answers

    What was the primary goal of the Neutrality Acts during World War II?

    <p>To keep the United States out of foreign wars</p> Signup and view all the answers

    What was the primary reason for the establishment of the War Industries Board in 1917?

    <p>To regulate and control industries to support the war effort</p> Signup and view all the answers

    What was a characteristic of the economic policies of Presidents Warren Harding and Calvin Coolidge?

    <p>A return to normalcy and a free-market economy</p> Signup and view all the answers

    What was a significant factor that contributed to the growth of American industry in the 1920s?

    <p>Technological advancements and an increase in consumer goods production</p> Signup and view all the answers

    What was a consequence of the economic boom of the 1920s?

    <p>Improved wages and working conditions</p> Signup and view all the answers

    What was the primary driver of the United States' emergence as a leading global industrial power in the early 20th century?

    <p>An abundance of raw materials, a growing labor force, and innovations in mass production techniques</p> Signup and view all the answers

    What was a significant change in labor relations during the 1920s?

    <p>The growth of labor unions</p> Signup and view all the answers

    What was the primary goal of the United States' economic policies during World War I?

    <p>To regulate and control industries to support the war effort</p> Signup and view all the answers

    What was a characteristic of the American economy in the early 20th century?

    <p>Rapid industrial growth and significant changes in labor relations</p> Signup and view all the answers

    What was the primary goal of the New Deal?

    <p>To provide immediate relief to the needy and reform the economy</p> Signup and view all the answers

    What was a key aspect of the First New Deal (1933-1935)?

    <p>Focusing on immediate relief for the needy and economic recovery</p> Signup and view all the answers

    What was the significance of the Social Security Act (1935)?

    <p>It established a system of old-age benefits and unemployment insurance</p> Signup and view all the answers

    What was a criticism of the New Deal by some business leaders?

    <p>That it imposed excessive regulations and high taxes</p> Signup and view all the answers

    What was a legacy of the New Deal?

    <p>It marked a shift towards a mixed economy</p> Signup and view all the answers

    What was the impact of the New Deal on capitalism, according to some critics?

    <p>It weakened capitalism by increasing government control</p> Signup and view all the answers

    What was a key aspect of the Second New Deal (1935-1940)?

    <p>Focusing on labor relations and housing reforms</p> Signup and view all the answers

    What was the significance of the Tennessee Valley Authority (TVA)?

    <p>It developed regional economies</p> Signup and view all the answers

    What was the impact of the New Deal on the federal government's role in the economy?

    <p>It expanded the government's role in the economy</p> Signup and view all the answers

    What ultimately lifted the United States fully out of the Great Depression?

    <p>World War II</p> Signup and view all the answers

    What best describes the shift in labor laws during the 1920s?

    <p>Labor protections established during the war were rolled back.</p> Signup and view all the answers

    What was the primary goal of the Immigration Act of 1924?

    <p>To restrict immigration from Asia and southern and eastern Europe.</p> Signup and view all the answers

    What was the impact of mass production techniques on the economy?

    <p>The cost of consumer goods decreased, making them more accessible to the masses.</p> Signup and view all the answers

    What was the primary factor contributing to the stock market crash of 1929?

    <p>The lack of government oversight in the stock market.</p> Signup and view all the answers

    What was the immediate economic consequence of the stock market crash of 1929?

    <p>The beginning of the Great Depression.</p> Signup and view all the answers

    What was the impact of bank failures on the economy?

    <p>It undermined public confidence in the financial system and led to further economic strain.</p> Signup and view all the answers

    What was a social consequence of the Great Depression?

    <p>A significant increase in poverty and loss of homes.</p> Signup and view all the answers

    What was the primary cause of the economic downturn in the 1930s?

    <p>The stock market crash of 1929.</p> Signup and view all the answers

    What was a characteristic of the economy during the 1920s?

    <p>A pro-capitalist ethos that prioritized industrial growth.</p> Signup and view all the answers

    What was the impact of the Wall Street crash on the banking system?

    <p>It led to a surge in bank failures and further economic strain.</p> Signup and view all the answers

    What was the primary role of the War Industries Board established in 1917?

    <p>To coordinate the production of war materials</p> Signup and view all the answers

    What characterized the economic policies of Presidents Warren Harding and Calvin Coolidge?

    <p>A return to a free-market economy</p> Signup and view all the answers

    What was a significant factor contributing to the growth of labor unions in the 1920s?

    <p>Improved working conditions and increased wages</p> Signup and view all the answers

    What was a key factor in the rapid industrial growth of the United States in the early 20th century?

    <p>Abundance of natural resources</p> Signup and view all the answers

    What was a characteristic of the American economy during the 1920s?

    <p>Rapid industrial growth and significant changes in labor relations</p> Signup and view all the answers

    What was a critical factor in the industrial expansion of the 1920s?

    <p>Technological advancements and increased consumer goods production</p> Signup and view all the answers

    How did the 1920s economic boom impact labor relations?

    <p>It contributed to a rise in labor union membership</p> Signup and view all the answers

    What was a key driver of the United States' emergence as a leading global industrial power in the early 20th century?

    <p>Abundance of natural resources and a growing labor force</p> Signup and view all the answers

    What was a major factor contributing to the uneven distribution of wealth during the 1920s?

    <p>Lack of progressive taxation</p> Signup and view all the answers

    What was a direct consequence of the stock market crash of 1929?

    <p>Bank failures and widespread unemployment</p> Signup and view all the answers

    What was a primary driver of the growth of the American industry in the 1920s?

    <p>Adoption of mass production techniques</p> Signup and view all the answers

    What was a characteristic of the economy during the 1920s?

    <p>Speculative excess and risky investment practices</p> Signup and view all the answers

    What was a consequence of the lack of regulations in the stock market?

    <p>Speculative bubble and eventual market crash</p> Signup and view all the answers

    What was a social consequence of the Great Depression?

    <p>Poverty, loss of homes, and decline in living standards</p> Signup and view all the answers

    What was a critical factor contributing to the stock market crash of 1929?

    <p>Lack of government oversight</p> Signup and view all the answers

    What was a response to the Great Depression?

    <p>Initial inadequate response under President Hoover</p> Signup and view all the answers

    What was a characteristic of the American economy during the 1920s?

    <p>Pro-capitalist ethos and isolationist tendencies</p> Signup and view all the answers

    What was a consequence of the Immigration Act of 1924?

    <p>Severe limitation of immigration from southern and eastern Europe and Asia</p> Signup and view all the answers

    What was the primary driver of the economic recovery of the United States during World War II?

    <p>Ramp-up in industrial production and government spending</p> Signup and view all the answers

    What was the outcome of the Cash and Carry Policy during World War II?

    <p>A boost in U.S. exports without entangling the nation in foreign alliances</p> Signup and view all the answers

    Which industry suffered during the Great Depression but found new life during World War II?

    <p>Steel and automotive</p> Signup and view all the answers

    What was the result of the war effort on the U.S. workforce?

    <p>A surge in jobs, particularly for women, with men overseas</p> Signup and view all the answers

    What was the transformative impact of World War II on the U.S. economy?

    <p>The end of the Great Depression and a revitalization of industries</p> Signup and view all the answers

    What was the iconic figure that represented the shift in women's roles during World War II?

    <p>Rosie the Riveter</p> Signup and view all the answers

    What was the primary goal of the Neutrality Acts during World War II?

    <p>To keep the United States out of foreign wars</p> Signup and view all the answers

    What was a result of war-related research and development during World War II?

    <p>Innovations that would have peacetime applications post-war</p> Signup and view all the answers

    Which of the following was a primary goal of the Second New Deal?

    <p>To introduce comprehensive reforms in social security and labor relations</p> Signup and view all the answers

    What was a criticism of the New Deal by some business leaders?

    <p>It imposed excessive regulations and high taxes</p> Signup and view all the answers

    What was a key aspect of the Emergency Banking Relief Act (1933)?

    <p>It stabilized the banking system by closing insolvent banks and reorganizing the banking sector</p> Signup and view all the answers

    What was a consequence of the New Deal, according to some critics?

    <p>It created a dependency on government assistance</p> Signup and view all the answers

    What was a key aspect of the Agricultural Adjustment Act (AAA)?

    <p>It aimed at revitalizing agriculture and developing regional economies</p> Signup and view all the answers

    What was a legacy of the New Deal?

    <p>It laid the groundwork for modern welfare states and shaped future economic policies</p> Signup and view all the answers

    What was a Strengthening aspect of the New Deal?

    <p>The introduction of regulatory frameworks helped stabilize key industries and financial systems</p> Signup and view all the answers

    What was the impact of the New Deal on the role of the federal government in the economy?

    <p>It expanded the role of the federal government in the economy</p> Signup and view all the answers

    What was the significance of the Social Security Act (1935)?

    <p>It established a system of old-age benefits and unemployment insurance</p> Signup and view all the answers

    What ultimately lifted the United States fully out of the Great Depression?

    <p>The Second World War</p> Signup and view all the answers

    What was a significant consequence of the shift in labor laws in the 1920s?

    <p>A rolling back of many labor protections</p> Signup and view all the answers

    What was the primary goal of the Immigration Act of 1924?

    <p>To limit immigration from southern and eastern Europe and Asia</p> Signup and view all the answers

    How did technological advancements shape early 20th-century capitalism in the USA?

    <p>By reducing costs and making consumer goods more accessible</p> Signup and view all the answers

    What was the primary objective of the First New Deal (1933-1935)?

    <p>To provide immediate relief for the needy and economic recovery</p> Signup and view all the answers

    What was a consequence of the introduction of regulatory bodies and frameworks?

    <p>Stabilization of key industries and financial systems</p> Signup and view all the answers

    What was a primary cause of the stock market crash of 1929?

    <p>Speculation and overvalued stocks</p> Signup and view all the answers

    What was the main objective of the Social Security Act (1935)?

    <p>To provide old-age benefits and unemployment insurance</p> Signup and view all the answers

    What was a significant economic impact of the Wall Street crash of 1929?

    <p>Widespread bank failures and business closures</p> Signup and view all the answers

    What was a social consequence of the Great Depression?

    <p>Widespread poverty and a decline in living standards</p> Signup and view all the answers

    What was a criticism of the New Deal by business leaders?

    <p>That it imposed excessive regulations and high taxes</p> Signup and view all the answers

    What was a characteristic of the American economy in the 1920s?

    <p>Uneven distribution of wealth and reliance on credit</p> Signup and view all the answers

    What was the impact of the New Deal on the role of the federal government in the economy?

    <p>It expanded the government's role</p> Signup and view all the answers

    What was the significance of the National Labor Relations Act (Wagner Act, 1935)?

    <p>It strengthened the rights of labor unions</p> Signup and view all the answers

    What was a critical factor in the growth of the American industry in the 1920s?

    <p>Technological advancements</p> Signup and view all the answers

    What was the outcome of the New Deal on the economy?

    <p>It helped the economy recover from the Great Depression</p> Signup and view all the answers

    What was a cause of the economic downturn in the 1930s?

    <p>The Wall Street crash of 1929</p> Signup and view all the answers

    What was a significant political response to the Great Depression?

    <p>The election of Franklin D. Roosevelt</p> Signup and view all the answers

    What was a characteristic of the New Deal?

    <p>It was a mixed economy approach</p> Signup and view all the answers

    What was the legacy of the New Deal?

    <p>It laid the groundwork for modern welfare states and shaped future economic policies</p> Signup and view all the answers

    What was the outcome of the economic mobilization of World War II?

    <p>It lifted the U.S. fully out of the Great Depression</p> Signup and view all the answers

    What was a significant factor that contributed to the United States' emergence as a leading global industrial power in the early 20th century?

    <p>Abundance of raw materials and innovations in mass production techniques</p> Signup and view all the answers

    What was the primary role of the War Industries Board established in 1917?

    <p>To coordinate the production of war materials and set priorities in industrial production</p> Signup and view all the answers

    What was a major consequence of the economic boom of the 1920s?

    <p>A massive expansion in American industry</p> Signup and view all the answers

    What was a characteristic of the labor market during the 1920s?

    <p>A growth in labor union membership and improved wages and working conditions</p> Signup and view all the answers

    What was the mantra that encapsulated the pro-business stance of President Calvin Coolidge?

    <p>The business of the American people is business</p> Signup and view all the answers

    What was a significant factor that contributed to the growth of labor unions during the 1920s?

    <p>Improved wages and working conditions</p> Signup and view all the answers

    What was the primary goal of the government's economic policies during World War I?

    <p>To support the war effort through increased regulation and control over industries</p> Signup and view all the answers

    What was a characteristic of the American economy in the early 20th century?

    <p>A rapidly growing industrial economy</p> Signup and view all the answers

    What was the primary driver of the economic recovery of the United States during World War II?

    <p>Increased industrial production and government spending</p> Signup and view all the answers

    What was the result of the war effort on the U.S. workforce?

    <p>Millions of jobs created, and women taking on new roles</p> Signup and view all the answers

    What was the primary goal of the Neutrality Acts during World War II?

    <p>To prevent the United States from entering the war</p> Signup and view all the answers

    What was the outcome of the Cash and Carry Policy during World War II?

    <p>The United States was able to trade with belligerent nations without entering the war</p> Signup and view all the answers

    What was the transformative impact of World War II on the U.S. economy?

    <p>It ended the Great Depression and revitalized industries</p> Signup and view all the answers

    Which industry suffered during the Great Depression but found new life during World War II?

    <p>Steel and automotive</p> Signup and view all the answers

    What was the iconic figure that represented the shift in women's roles during World War II?

    <p>Rosie the Riveter</p> Signup and view all the answers

    What was a result of war-related research and development during World War II?

    <p>The development of new technologies with peacetime applications</p> Signup and view all the answers

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