American Industries Through Time Quiz

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Questions and Answers

What is the supply cap of bitcoin?

  • 25 million
  • 10 million
  • 21 million (correct)
  • 15 million

What are the most cited risks with AI?

  • Lack of skilled workforce, high maintenance costs, lack of applications
  • Legal and regulatory issues, concentration of power, misinformation, data bias (correct)
  • Cybersecurity threats, hardware limitations, lack of government support
  • Lack of public interest, slow technological advancements, lack of investment

What did the War on Drugs do?

  • Prison population increased from 500,000 to 700,000
  • Prison population decreased
  • Prison population remained unchanged
  • Prison population increased from 329,000 to 627,000 (correct)

What are the differences between private prisons vs federal prisons?

<p>Federal prisons house a larger percentage of the prison population than private prisons (B)</p> Signup and view all the answers

What percentage of the diamond market did lab-grown diamonds account for in 2022?

<p>10% (A)</p> Signup and view all the answers

What was the unemployment rate during the panic of 1837?

<p>25% (D)</p> Signup and view all the answers

In the USA, what percentage of Americans have wagered a bet in the last year?

<p>70% (B)</p> Signup and view all the answers

Which country uses performance-based contracts for private prisons, rewarding them if recidivism rates are 14% below public prisons?

<p>Australia (D)</p> Signup and view all the answers

What is the focus for prisons in Germany and the Netherlands?

<p>Rehabilitation, resocialization, and normalization (D)</p> Signup and view all the answers

What did 30 states in the USA allow following the overturning of the Bradley Act in 2018?

<p>Legal sports gambling (C)</p> Signup and view all the answers

What percentage of the diamond market did lab-grown diamonds account for in 2022?

<p>10% (B)</p> Signup and view all the answers

Who made the seatbelt?

<p>Volvo (B)</p> Signup and view all the answers

How often do the USDA and HSS update dietary guidelines?

<p>Every 5 years (B)</p> Signup and view all the answers

What is the focus of the American arms industry?

<p>Manufacturing, selling, and improving weapons and equipment, and involves cyber-warfare (A)</p> Signup and view all the answers

Which industry saw New Bedford, MA emerge as a prominent port during the post-war growth?

<p>Whaling (B)</p> Signup and view all the answers

In which year did the California Gold Rush begin?

<p>1848 (C)</p> Signup and view all the answers

Which industry faced setbacks during the American Revolution?

<p>Whaling (A)</p> Signup and view all the answers

Where did the whaling industry originate in 1650?

<p>Long Island (C)</p> Signup and view all the answers

What led to the increase in demand for baleen from the Arctic's Bowhead whale?

<p>Decline in demand for whale oil (C)</p> Signup and view all the answers

Who established the Bank of California in 1864?

<p>William Ralston (D)</p> Signup and view all the answers

Which family rose to prominence under Cosimo de’ Medici in the early 1400s?

<p>House of Medici (C)</p> Signup and view all the answers

When was the Civilian Conservation Corps (CCC) established to address the economic hardships of the Great Depression?

<p>1933 (D)</p> Signup and view all the answers

Which event led to San Francisco becoming a key whaling port?

<p>Opening of the transcontinental railroad in 1869 (D)</p> Signup and view all the answers

What was the impact of petroleum discovery in 1859 on the whaling industry?

<p>Decline in demand for whale oil (A)</p> Signup and view all the answers

What was the unique path to statehood for California?

<p>Bypassing the usual process of becoming a federal territory (C)</p> Signup and view all the answers

What were the roles of the Federal Communications Commission (FCC) and the Federal Trade Commission (FTC)?

<p>Regulating and overseeing various aspects of the communications and trade industries (C)</p> Signup and view all the answers

What did the Wheeler-Lea Amendment focus on?

<p>Broadening the scope of unfair practices and focusing on consumer protection (C)</p> Signup and view all the answers

What was the primary goal of the Agricultural Adjustment Act (AAA)?

<p>To address the problem of overproduction and low crop prices (B)</p> Signup and view all the answers

What did the Fair Labor Standards Act (FLSA) establish?

<p>Minimum wage, overtime pay eligibility, recordkeeping, and child labor standards (B)</p> Signup and view all the answers

What was the main purpose of the Federal Food Drug & Cosmetic Act?

<p>To ensure food safety, regulate drug approval, and oversee cosmetic products (B)</p> Signup and view all the answers

What did the Rural Electrification Act (1936) create?

<p>Nonprofit electrical cooperatives among farmers (D)</p> Signup and view all the answers

What were the major causes of the Dust Bowl in the 1930s?

<p>Drought, over-farming, and extensive cultivation (B)</p> Signup and view all the answers

What did the Armstrong investigation call for?

<p>Changes in actuarial and marketing practices (A)</p> Signup and view all the answers

What did the Federal Reserve Act (1913) establish?

<p>The Federal Reserve System and a national banking system (B)</p> Signup and view all the answers

What was the primary focus of the Federal Trade Commission (FTC) in enforcing antitrust laws?

<p>Preventing monopolistic behavior and anti-competitive practices (D)</p> Signup and view all the answers

What did the Civilian Conservation Corps (CCC) aim to address?

<p>Soil erosion and unemployment (B)</p> Signup and view all the answers

What did the Amended Agricultural Adjustment Act (AAA) introduce in 1938?

<p>Price supports to ensure fair return for crops (C)</p> Signup and view all the answers

What did the Energy (coal, nuclear, petroleum, etc.) conference in 1905 favor?

<p>Individual state laws over federal control and opposed extreme taxation (A)</p> Signup and view all the answers

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Study Notes

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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