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</p> Signup and view all the answers

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

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

    What was the unemployment rate during the panic of 1837?

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

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

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

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

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

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

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

    Who made the seatbelt?

    <p>Volvo</p> Signup and view all the answers

    How often do the USDA and HSS update dietary guidelines?

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

    In which year did the California Gold Rush begin?

    <p>1848</p> Signup and view all the answers

    Which industry faced setbacks during the American Revolution?

    <p>Whaling</p> Signup and view all the answers

    Where did the whaling industry originate in 1650?

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

    Who established the Bank of California in 1864?

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

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

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

    What did the Rural Electrification Act (1936) create?

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

    What did the Armstrong investigation call for?

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

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

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

    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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    Description

    Explore the evolution of American industries through this quiz, covering topics such as the modern space industry, the historical significance of the whaling industry, the rise of the House of Medici, the California Gold Rush, the establishment of the Bank of California, unique aspects of California's statehood, and the impact of the Civilian Conservation Corps and the roles of the Federal Communications Commission and the Federal Trade Commission in regulating industries.

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