Edmund Burke may be associated with what ideology?
A) Classical liberalism
B) Nationalism
C) Marxism
D) Romanticism
E) Conservatism
Ans: E
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What is the difference between vertical integration and horizontal integration?
A) Andrew Carnegie deemed vertical integration unethical whereas he endorsed horizontal integration. B) The focus of horizontal integration is on controlling raw materials whereas the focus of vertical integration is on the finished product. C) Companies employing horizontal integration generally follow fair labor practices whereas those employing vertical integration typically exploit their workers. D) Vertical integration involves control of all phases of production whereas horizontal integration involves buying out rival companies producing the same product. E) Vertical integration involves the abuse of conventional ethnics whereas horizontal integration is illegal.
Why did the new government, led by Lord Rockingham, repeal the Stamp Act?
A) because George III wanted to appease the colonists B) as part of a comprise whereby Parliament would no longer internally tax the colonies C) when British merchants, feeling the pinch of the colonial boycott, pressured Parliament to act D) in an attempt to win support for new revenue generating policies
As a result of Jackson's Specie Circular, paper money became greatly devalued and much of the hard money (specie) in the country moved westward (away from banks in the East), cotton prices dropped. These actions, combined with the fall of the Second Bank of the United States and Jackson's distribution of surplus funds (soft money), lead to an economic depression known as the Panic of ____.
Fill in the blank(s) with the appropriate word(s).
In 1974, former President Richard Nixon was pardoned by
A. the Supreme Court. B. the president. C. the Federal Court of Appeals. D. Congress. E. the attorney general.