Stagflation refers to the dual problem of rising unemployment and inflation encountered during the Nixon years.
a. true
b. false
Ans: a. true
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Why was the battle of Saratoga a turning point in the American Revolution?
A) It convinced France to recognize the United States and provide aid needed to win the war. B) It convinced the British that the war could not be won and persuaded them to seek peace. C) It marked the failure of the American effort to take control of Canada. D) It confirmed Washington's authority and power as commander-in-chief of the army. E) It prompted the Second Continental Congress to declare American independence.
During the 1920s, a great worry for industrialists was the fear of
A. a shortage of consumer credit. B. inflation. C. the rising bargaining power of labor unions. D. the overproduction of goods. E. a shortage in the number of skilled workers.
The First Congress's first action was to
a. approve the Bill of Rights. b. create a federal court system. c. create the executive departments of War, State, and Treasury. d. declare war on France. e. pass a tariff on imports.
Who was the brilliant commander of American troops who harassed General Cornwallis's army in 1781?
A) Philip Schuyler B) Nathanael Greene C) Horatio Gates D) Thomas Gage