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Questions and Answers
What was the percentage increase of the Nasdaq over a certain amount of time?
What was the percentage increase of the Nasdaq over a certain amount of time?
- 900%
- 1500%
- 1000%
- 1210% (correct)
What is the supply cap of Bitcoin?
What is the supply cap of Bitcoin?
- 21 million (correct)
- 50 million
- 100 million
- 15 million
What is true about Blockchain?
What is true about Blockchain?
- Blockchain is only used for cryptocurrency
- Blockchain does not use cryptography
- Blockchain has a centralized structure
- Each block in a blockchain contains a cryptographic hash of the previous block (correct)
What are the most cited risks with AI?
What are the most cited risks with AI?
What did the War on Drugs do?
What did the War on Drugs do?
What are the differences between private prisons vs federal prisons in terms of annual spending?
What are the differences between private prisons vs federal prisons in terms of annual spending?
What were the different efforts made by different countries to reduce recidivism rates?
What were the different efforts made by different countries to reduce recidivism rates?
Which act sought to prevent anticompetitive effects of mergers and acquisitions?
Which act sought to prevent anticompetitive effects of mergers and acquisitions?
Which act aimed to address the problem of overproduction and low crop prices during the Great Depression?
Which act aimed to address the problem of overproduction and low crop prices during the Great Depression?
Which legislation established minimum wage, overtime pay eligibility, and child labor standards during the Great Depression?
Which legislation established minimum wage, overtime pay eligibility, and child labor standards during the Great Depression?
Which act empowered the FDA to set and enforce regulations regarding food safety and labeling?
Which act empowered the FDA to set and enforce regulations regarding food safety and labeling?
Which act created nonprofit electrical cooperatives among farmers?
Which act created nonprofit electrical cooperatives among farmers?
Which act amended the Federal Trade Commission (FTC) Act of 1914 and expanded the powers of the Federal Trade Commission?
Which act amended the Federal Trade Commission (FTC) Act of 1914 and expanded the powers of the Federal Trade Commission?
Which act established the federal reserve system and national banking system with 12 districts throughout the country?
Which act established the federal reserve system and national banking system with 12 districts throughout the country?
Which initiative aimed to address soil erosion and unemployment during the Dust Bowl crisis?
Which initiative aimed to address soil erosion and unemployment during the Dust Bowl crisis?
Which investigation called for changes in actuarial and marketing practices of the largest insurance companies in 1905?
Which investigation called for changes in actuarial and marketing practices of the largest insurance companies in 1905?
Which country uses performance-based contracts for private prisons, resulting in 14% lower recidivism rates compared to public prisons?
Which country uses performance-based contracts for private prisons, resulting in 14% lower recidivism rates compared to public prisons?
Which country saw 30 states legalizing sports gambling after the overturning of the Bradley Act by the SCOTUS in 2018?
Which country saw 30 states legalizing sports gambling after the overturning of the Bradley Act by the SCOTUS in 2018?
What percentage of Americans have wagered a bet in the last year?
What percentage of Americans have wagered a bet in the last year?
Which industry saw the emergence of lavish casinos in the early 1800s and the popularity of horse racing?
Which industry saw the emergence of lavish casinos in the early 1800s and the popularity of horse racing?
Which industry saw lab-grown diamonds accounting for 10% of the market in 2022, with the advancement of Chemical Vapor Deposition (CVD)?
Which industry saw lab-grown diamonds accounting for 10% of the market in 2022, with the advancement of Chemical Vapor Deposition (CVD)?
Which company pioneered the seatbelt?
Which company pioneered the seatbelt?
Which regulatory agency is related to the Ford Pinto?
Which regulatory agency is related to the Ford Pinto?
When did the whaling industry start in Nantucket?
When did the whaling industry start in Nantucket?
What caused the Nantucket-based whaling industry to suffer?
What caused the Nantucket-based whaling industry to suffer?
Which event led to the significant increase in ships in New Bedford, MA?
Which event led to the significant increase in ships in New Bedford, MA?
What led to San Francisco emerging as a prominent whaling port?
What led to San Francisco emerging as a prominent whaling port?
What led to the decline in demand for whale oil?
What led to the decline in demand for whale oil?
What significant event occurred in 1751 related to the whaling industry?
What significant event occurred in 1751 related to the whaling industry?
Which agency was established in 1914 and is focused on protecting consumers and promoting competition?
Which agency was established in 1914 and is focused on protecting consumers and promoting competition?
What was the percentage increase of the Nasdaq over a certain amount of time?
What was the percentage increase of the Nasdaq over a certain amount of time?
What is not a significant consequence of the gold rush?
What is not a significant consequence of the gold rush?
What is true about Blockchain?
What is true about Blockchain?
What are the most cited risks with AI?
What are the most cited risks with AI?
What are the differences between private prisons vs federal prisons in terms of annual spending?
What are the differences between private prisons vs federal prisons in terms of annual spending?
What did the War on Drugs do?
What did the War on Drugs do?
What is the supply cap of Bitcoin?
What is the supply cap of Bitcoin?
Which country saw 30 states legalizing sports gambling after the overturning of the Bradley Act by the SCOTUS in 2018?
Which country saw 30 states legalizing sports gambling after the overturning of the Bradley Act by the SCOTUS in 2018?
What percentage of Americans have wagered a bet in the last year?
What percentage of Americans have wagered a bet in the last year?
Which company pioneered the seatbelt?
Which company pioneered the seatbelt?
Which regulatory agency is related to the Ford Pinto?
Which regulatory agency is related to the Ford Pinto?
What is true about lab diamonds?
What is true about lab diamonds?
What is the focus of investment banks?
What is the focus of investment banks?
Who likened the American arms industry to 'Humanity hanging from a cross of iron'?
Who likened the American arms industry to 'Humanity hanging from a cross of iron'?
What significant event occurred in 1849 related to the whaling industry?
What significant event occurred in 1849 related to the whaling industry?
What led to the decline in demand for whale oil?
What led to the decline in demand for whale oil?
What was the focus of the Civilian Conservation Corps (CCC) established in 1933?
What was the focus of the Civilian Conservation Corps (CCC) established in 1933?
What led to San Francisco emerging as a prominent whaling port?
What led to San Francisco emerging as a prominent whaling port?
What was the impact of the California Gold Rush on San Francisco?
What was the impact of the California Gold Rush on San Francisco?
What was the purpose of the FCC established by the Communications Act of 1934?
What was the purpose of the FCC established by the Communications Act of 1934?
What was the impact of the American Revolution on the whaling industry?
What was the impact of the American Revolution on the whaling industry?
Which act sought to address the problem of overproduction and low crop prices during the Great Depression?
Which act sought to address the problem of overproduction and low crop prices during the Great Depression?
Which act empowered the FDA to set and enforce regulations regarding food safety and labeling?
Which act empowered the FDA to set and enforce regulations regarding food safety and labeling?
Which act established minimum wage, overtime pay eligibility, and child labor standards during the Great Depression?
Which act established minimum wage, overtime pay eligibility, and child labor standards during the Great Depression?
What was the primary goal of the Fair Labor Standards Act (FLSA)?
What was the primary goal of the Fair Labor Standards Act (FLSA)?
What did the Wheeler-Lea Act focus on?
What did the Wheeler-Lea Act focus on?
What did the Rural Electrification Act create?
What did the Rural Electrification Act create?
What did the Federal Reserve Act establish?
What did the Federal Reserve Act establish?
What did the Agricultural Adjustment Act (AAA) seek to address?
What did the Agricultural Adjustment Act (AAA) seek to address?
What was a key responsibility of the Federal Trade Commission?
What was a key responsibility of the Federal Trade Commission?
What is a significant consequence of the gold rush?
What is a significant consequence of the gold rush?
What is a difference between private prisons and federal prisons in terms of spending?
What is a difference between private prisons and federal prisons in terms of spending?
What is a commonly cited risk with AI?
What is a commonly cited risk with AI?
What did the War on Drugs lead to?
What did the War on Drugs lead to?
Which country saw 30 states legalizing sports gambling after the overturning of the Bradley Act by the SCOTUS in 2018?
Which country saw 30 states legalizing sports gambling after the overturning of the Bradley Act by the SCOTUS in 2018?
Who pioneered the seatbelt?
Who pioneered the seatbelt?
What percentage of Americans have wagered a bet in the last year?
What percentage of Americans have wagered a bet in the last year?
What is the focus of investment banks?
What is the focus of investment banks?
What industry saw lab-grown diamonds accounting for 10% of the market in 2022, with the advancement of Chemical Vapor Deposition (CVD)?
What industry saw lab-grown diamonds accounting for 10% of the market in 2022, with the advancement of Chemical Vapor Deposition (CVD)?
Which regulatory agency is related to the Ford Pinto?
Which regulatory agency is related to the Ford Pinto?
Who likened the American arms industry to 'Humanity hanging from a cross of iron'?
Who likened the American arms industry to 'Humanity hanging from a cross of iron'?
Which industry saw the emergence of lavish casinos in the early 1800s and the popularity of horse racing?
Which industry saw the emergence of lavish casinos in the early 1800s and the popularity of horse racing?
What was the primary goal of the Fair Labor Standards Act (FLSA)?
What was the primary goal of the Fair Labor Standards Act (FLSA)?
Which act empowered the FDA to set and enforce regulations regarding food safety and labeling?
Which act empowered the FDA to set and enforce regulations regarding food safety and labeling?
What did the USDA and HHS update every 5 years?
What did the USDA and HHS update every 5 years?
What are lab diamonds similar to in composition, physical, and optical properties?
What are lab diamonds similar to in composition, physical, and optical properties?
What led to the decline of the Nantucket-based whaling industry?
What led to the decline of the Nantucket-based whaling industry?
What was the significant impact of the California Gold Rush on San Francisco?
What was the significant impact of the California Gold Rush on San Francisco?
What was the purpose of the Civilian Conservation Corps (CCC) established in 1933?
What was the purpose of the Civilian Conservation Corps (CCC) established in 1933?
What led to San Francisco emerging as a prominent whaling port after 1869?
What led to San Francisco emerging as a prominent whaling port after 1869?
What led to the decline in demand for whale oil?
What led to the decline in demand for whale oil?
What significant event occurred in 1849 related to the whaling industry?
What significant event occurred in 1849 related to the whaling industry?
What was the impact of the Gold Rush on indigenous populations in the gold-rich regions?
What was the impact of the Gold Rush on indigenous populations in the gold-rich regions?
What was the primary goal of the FCC established by the Communications Act of 1934?
What was the primary goal of the FCC established by the Communications Act of 1934?
What is true about the Civilian Conservation Corps (CCC) established in 1933?
What is true about the Civilian Conservation Corps (CCC) established in 1933?
What was the purpose of the Federal Trade Commission (FTC) established in 1914?
What was the purpose of the Federal Trade Commission (FTC) established in 1914?
What was the peak year for American whaling?
What was the peak year for American whaling?
What was the focus of investment banks?
What was the focus of investment banks?
What did the Wheeler-Lea Amendment do?
What did the Wheeler-Lea Amendment do?
What was the primary goal of the Rural Electrification Act (1936)?
What was the primary goal of the Rural Electrification Act (1936)?
What were the key provisions of the Federal Food Drug & Cosmetic Act?
What were the key provisions of the Federal Food Drug & Cosmetic Act?
What was the focus of the Agricultural Adjustment Act (AAA)?
What was the focus of the Agricultural Adjustment Act (AAA)?
What were the consequences of the Dust Bowl in the 1930s?
What were the consequences of the Dust Bowl in the 1930s?
What was the primary goal of the Fair Labor Standards Act (FLSA)?
What was the primary goal of the Fair Labor Standards Act (FLSA)?
What did the Federal Reserve Act (1913) do?
What did the Federal Reserve Act (1913) do?
What did the Armstrong investigation into insurances call for?
What did the Armstrong investigation into insurances call for?
What was the focus of the Wheeler-Lea Act?
What was the focus of the Wheeler-Lea Act?
What were the causes of the Dust Bowl in the 1930s?
What were the causes of the Dust Bowl in the 1930s?
What were the key responsibilities of the Federal Trade Commission?
What were the key responsibilities of the Federal Trade Commission?
What is the supply cap of bitcoin?
What is the supply cap of bitcoin?
What is true about Blockchain?
What is true about Blockchain?
What were the different efforts made by different countries to reduce recidivism rates?
What were the different efforts made by different countries to reduce recidivism rates?
What did the War on Drugs do?
What did the War on Drugs do?
What percentage of the diamond market did lab-grown diamonds account for in 2022?
What percentage of the diamond market did lab-grown diamonds account for in 2022?
What is the focus for prisons in Germany and the Netherlands?
What is the focus for prisons in Germany and the Netherlands?
Which country saw the overturning of the Bradley Act in 2018, leading to the legalization of sports gambling in 30 states?
Which country saw the overturning of the Bradley Act in 2018, leading to the legalization of sports gambling in 30 states?
What is the primary goal of the USDA and HSS updating dietary guidelines every 5 years?
What is the primary goal of the USDA and HSS updating dietary guidelines every 5 years?
What is the focus of the American arms industry?
What is the focus of the American arms industry?
What percentage of Americans have wagered a bet in the last year?
What percentage of Americans have wagered a bet in the last year?
What was the unemployment rate during the panic of 1837?
What was the unemployment rate during the panic of 1837?
What type of contracts does Australia use for private prisons?
What type of contracts does Australia use for private prisons?
What did early gambling and lotteries in the US aim to achieve?
What did early gambling and lotteries in the US aim to achieve?
What is the similarity between lab diamonds and real diamonds?
What is the similarity between lab diamonds and real diamonds?
Which company was responsible for the invention of the seatbelt?
Which company was responsible for the invention of the seatbelt?
What is the significant issue related to the US prison system?
What is the significant issue related to the US prison system?
When did the whaling industry start in Nantucket?
When did the whaling industry start in Nantucket?
What led to the decline in demand for whale oil?
What led to the decline in demand for whale oil?
What significant event occurred in 1849 related to the whaling industry?
What significant event occurred in 1849 related to the whaling industry?
What was the impact of the Civilian Conservation Corps (CCC) established in 1933?
What was the impact of the Civilian Conservation Corps (CCC) established in 1933?
What was the focus of the California Gold Rush?
What was the focus of the California Gold Rush?
What led to San Francisco emerging as a prominent whaling port after 1869?
What led to San Francisco emerging as a prominent whaling port after 1869?
What was the impact of the petroleum discovery in 1859 on the whaling industry?
What was the impact of the petroleum discovery in 1859 on the whaling industry?
What was the primary impact of the rise of the Italian banking family, the House of Medici, under Cosimo de’ Medici in the early 1400s?
What was the primary impact of the rise of the Italian banking family, the House of Medici, under Cosimo de’ Medici in the early 1400s?
What was the impact of the establishment of the Bank of California by William Ralston in 1864?
What was the impact of the establishment of the Bank of California by William Ralston in 1864?
What was the unique path to statehood for California?
What was the unique path to statehood for California?
What was the role of the Federal Communications Commission (FCC) in regulating industries?
What was the role of the Federal Communications Commission (FCC) in regulating industries?
What was the responsibility of the Federal Trade Commission (FTC) in overseeing industries?
What was the responsibility of the Federal Trade Commission (FTC) in overseeing industries?
What was a key responsibility of the Federal Trade Commission?
What was a key responsibility of the Federal Trade Commission?
What did the Wheeler-Lea Amendment focus on?
What did the Wheeler-Lea Amendment focus on?
What was the primary goal of the Agricultural Adjustment Act (AAA)?
What was the primary goal of the Agricultural Adjustment Act (AAA)?
What did the Fair Labor Standards Act (FLSA) establish?
What did the Fair Labor Standards Act (FLSA) establish?
What was a key provision of the Federal Food Drug & Cosmetic Act?
What was a key provision of the Federal Food Drug & Cosmetic Act?
What was the purpose of the Rural Electrification Act (1936)?
What was the purpose of the Rural Electrification Act (1936)?
What was the impact of the Armstrong investigation on the insurance industry?
What was the impact of the Armstrong investigation on the insurance industry?
What were the major causes of the Dust Bowl in the 1930s?
What were the major causes of the Dust Bowl in the 1930s?
What did the Federal Reserve Act of 1913 establish?
What did the Federal Reserve Act of 1913 establish?
What were the key responsibilities of the Civilian Conservation Corps (CCC) established in 1933?
What were the key responsibilities of the Civilian Conservation Corps (CCC) established in 1933?
What was a significant consequence of the Dust Bowl in the 1930s?
What was a significant consequence of the Dust Bowl in the 1930s?
What was the primary goal of the Federal Trade Commission?
What was the primary goal of the Federal Trade Commission?
Study Notes
American Economic History Overview
- Whaling industry started in Long Island around 1650 and expanded to Nantucket in 1690, with 25 vessels by 1730.
- The American Revolution caused the industry to suffer as British navy blockaded American ports, and Nantucket-based industry never fully recovered.
- Post-war growth saw New Bedford, MA, become a major whaling port with a significant increase in ships over the years.
- The search for whales expanded to the Arctic in 1849, and San Francisco emerged as a prominent whaling port after the opening of the transcontinental railroad in 1869.
- Demand for baleen from the Arctic's Bowhead whale increased, while demand for whale oil declined due to the rise of petroleum and kerosene as lantern fuel.
- The whaling industry timeline includes significant events such as the manufacture of spermaceti candles in 1751 and the peak year for American whaling in 1846.
- The California Gold Rush began in 1848, leading to a population boom and significant infrastructural growth, transforming San Francisco and spurring the establishment of the Bank of California in 1864.
- California bypassed the usual process of becoming a federal territory before becoming a state and was one of the first states to implement an income tax.
- The Gold Rush led to environmental degradation and adverse impacts on indigenous populations in the gold-rich regions.
- The Civilian Conservation Corps (CCC) was established in 1933 under the New Deal to provide employment for young men and focused on conservation and development of natural resources.
- The FCC, established by the Communications Act of 1934, regulates interstate and international communications in the United States, managing radio frequency spectrum and overseeing telecommunications, broadcast media, and emerging technologies.
- The FTC, established in 1914, is an independent agency focused on protecting consumers and promoting competition.
American Economic History Overview
- Whaling industry started in Long Island around 1650 and expanded to Nantucket in 1690, with 25 vessels by 1730.
- The American Revolution caused the industry to suffer as British navy blockaded American ports, and Nantucket-based industry never fully recovered.
- Post-war growth saw New Bedford, MA, become a major whaling port with a significant increase in ships over the years.
- The search for whales expanded to the Arctic in 1849, and San Francisco emerged as a prominent whaling port after the opening of the transcontinental railroad in 1869.
- Demand for baleen from the Arctic's Bowhead whale increased, while demand for whale oil declined due to the rise of petroleum and kerosene as lantern fuel.
- The whaling industry timeline includes significant events such as the manufacture of spermaceti candles in 1751 and the peak year for American whaling in 1846.
- The California Gold Rush began in 1848, leading to a population boom and significant infrastructural growth, transforming San Francisco and spurring the establishment of the Bank of California in 1864.
- California bypassed the usual process of becoming a federal territory before becoming a state and was one of the first states to implement an income tax.
- The Gold Rush led to environmental degradation and adverse impacts on indigenous populations in the gold-rich regions.
- The Civilian Conservation Corps (CCC) was established in 1933 under the New Deal to provide employment for young men and focused on conservation and development of natural resources.
- The FCC, established by the Communications Act of 1934, regulates interstate and international communications in the United States, managing radio frequency spectrum and overseeing telecommunications, broadcast media, and emerging technologies.
- The FTC, established in 1914, is an independent agency focused on protecting consumers and promoting competition.
American Economic History Overview
- Whaling industry started in Long Island around 1650 and expanded to Nantucket in 1690, with 25 vessels by 1730.
- The American Revolution caused the industry to suffer as British navy blockaded American ports, and Nantucket-based industry never fully recovered.
- Post-war growth saw New Bedford, MA, become a major whaling port with a significant increase in ships over the years.
- The search for whales expanded to the Arctic in 1849, and San Francisco emerged as a prominent whaling port after the opening of the transcontinental railroad in 1869.
- Demand for baleen from the Arctic's Bowhead whale increased, while demand for whale oil declined due to the rise of petroleum and kerosene as lantern fuel.
- The whaling industry timeline includes significant events such as the manufacture of spermaceti candles in 1751 and the peak year for American whaling in 1846.
- The California Gold Rush began in 1848, leading to a population boom and significant infrastructural growth, transforming San Francisco and spurring the establishment of the Bank of California in 1864.
- California bypassed the usual process of becoming a federal territory before becoming a state and was one of the first states to implement an income tax.
- The Gold Rush led to environmental degradation and adverse impacts on indigenous populations in the gold-rich regions.
- The Civilian Conservation Corps (CCC) was established in 1933 under the New Deal to provide employment for young men and focused on conservation and development of natural resources.
- The FCC, established by the Communications Act of 1934, regulates interstate and international communications in the United States, managing radio frequency spectrum and overseeing telecommunications, broadcast media, and emerging technologies.
- The FTC, established in 1914, is an independent agency focused on protecting consumers and promoting competition.
American Industry Evolution
- Modern space industry led by NASA with significant private sector involvement, including companies like GM
- Whaling industry originated in Long Island in 1650, expanded to Nantucket by 1690, and faced setbacks during the American Revolution
- Post-war growth saw New Bedford, MA emerge as a prominent whaling port
- Whalers expanded their search for whales to the Arctic in 1849 and San Francisco became a key whaling port after the opening of the transcontinental railroad in 1869
- Increase in demand for baleen from the Arctic's Bowhead whale, while demand for whale oil declined
- Timeline of key events in the whaling industry, including the peak year in 1846 and the impact of petroleum discovery in 1859
- The rise of the Italian banking family, the House of Medici, under Cosimo de’ Medici in the early 1400s
- The California Gold Rush began in 1848, transforming the state's socio-economic fabric and leading to significant population growth and infrastructure development
- The establishment of the Bank of California by William Ralston in 1864, facilitating mining speculations and infrastructure development
- California's unique path to statehood, bypassing the usual process of becoming a federal territory
- Impact of the Civilian Conservation Corps (CCC) established in 1933 to address the economic hardships of the Great Depression
- Role and responsibilities of the Federal Communications Commission (FCC) and the Federal Trade Commission (FTC) in regulating and overseeing various aspects of the communications and trade industries
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Test your knowledge of American economic history with this overview quiz. Explore the rise and decline of the whaling industry, the impact of the California Gold Rush, and the establishment of key organizations such as the Civilian Conservation Corps, FCC, and FTC.
