The text authors say that "economic historians have been hard pressed to explain why the 'Prosperity Decade' [1920s] ended in financial disaster." How do you explain the Great Crash and the onset of the Great Depression?
What will be an ideal response?
Consider: maldistribution of wealth; declining purchasing power, underconsumption; overspeculation; "sick" industries like farming, banking, and foreign trade; government tax, tariff, and monetary policies
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Wilson's "New Freedom" platform in 1912:
A) had a more moderate view of federal government power. B) was an even more radical plan than Roosevelt's. C) rejected Progressive reform altogether. D) focused on foreign policy issues.
Rutherford B. Hayes was nominated for the presidency because of his reputation for
A) favoring an inflationary monetary policy. B) getting bribes and offices for his supporters. C) political glamour and charisma. D) being honest and moderate.
Which of the following was true of the Panama Canal?
A) It was initially opposed by Theodore Roosevelt. B) It was a financial failure. C) It was completed in a mere three months. D) It cut travel time by water from the East Coast to the West Coast of the United States in half.
Pastoralists
a. were happier because their lives were less stressful. b. were mobile populations without many material goods. c. used herds for transportation. d. were entirely carnivorous. e. viewed animals as sacred totems.