Which of the following statements concerning the wartime economy is true?
A. The national debt skyrocketed during the war years.
B. Roosevelt secured passage of a steeply graduated corporate and private income tax to finance the war.
C. Net corporate profits fell dramatically during the war years.
D. From 1939 to 1945, employees' wages and salaries declined.
Answer: A
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After the Civil War, a leading trend in business was the increase in exports of
A) agricultural products. B) manufactured goods. C) raw materials. D) oil. E) fashion.
Islam and Christianity hold all of the following in common EXCEPT
A) a belief in Muhammad's position as a prophet. B) Hebraic ancestry. C) monotheism. D) reference to Greek philosophy for help in developing their theologies. E) stress on helping the poor.
The primary cause of the Panic of 1819 was
a. a glut of gold and silver, which drove prices down. b. the federal government's overregulation of the economy. c. a sharp decline in the price of slaves. d. land speculation and credit debt.
Under the terms of the Reclamation Act (1902), the federal government:
a. financed irrigation projects in the West. b. allowed Indians to return to their birthplaces. c. kept large portions of the West in a state of pristine wilderness. d. paid farmers to stop planting crops on land that was unsuitable for agriculture.