HIUS 360 Quiz Progressive Control
HIUS 360 Quiz Progressive Control and Economic Liberty
HIUS 360 Quiz Progressive Control and Economic Liberty
Covers the Learn material from Module 4: Week 4.
- Modernity in America was a result of decentralization, federalism, and parallel societies of competing associations in the ____________ century.
- limited on the number of branches a bank could have to one. This regulation harmed banks and depositors by centralizing risk within a small geographic area and economy.
- According to Dr. Robert Higgs, the “______________” is an incremental increase in the size, scope, and power of government during periods of crisis.
- Advertising in the early 1900s tapped into a new market and growing market, with new advertising campaigns targeting products of vice such as cigarettes and alcohol to
- The Food and Drug Administration heavily regulated ____________ by setting prices, diverting resources to be used by the war effort.
- When the Great Depression occurred roughly 9,000 banks in the United States failed. In Canada, zero banks failed, largely because Canadian banks were not subject to unit banking laws mitigated risk by spreading out into different economic regions.
- While the 19th century was the century of economic entrepreneurship, the 20th century was the century of political entrepreneurship.
- In the 20th century, the growth of government can be attributed to retained government powers originally extended to during times of social, political, and/or economic crisis.
- The American economy was more stable and less prone to “boom and bust” cycles after the creation of the Federal Reserve.
- Wartime controls in World War I subdued labor with the carrot- and-stick approach of controls and increased wages, while mollifying corporations by legalizing price-xing in certain circumstances.
- In 1913, Congress passed a national income tax. In 1895, such as attempt was blocked by the Supreme court after ruling that the income tax was unconstitutional.
Set 2
- World War I accelerated many of the larger trends evident in American business history, such as ___________________________.
- Wartime controls in World War I subdued labor with the carrot-and-stick approach of controls and increased wages, while mollifying corporations by legalizing price-fixing in certain circumstances.
- The Food and Drug Administration heavily regulated ____________ by setting prices, diverting resources to be used by the war effort.
- _____________________ began as an early 20th century movement motivated by nationalism, perfecting society, and Darwinian evolution, believing that society could progress to perfection by placing societal power to an elite group of individuals.
- Almost overnight, the _________ made the real promise of a truly national market for goods and services, releasing Americans in the early 1900s from the tyranny of chronic poor weather, the injustice of local prejudices, and the inequality of restrictive labor markets, opening doors to business opportunity and social mobility.
- A good entrepreneur is America is one who reads markets signals, delivers goods and services by crossing social frontiers.
- Between 1874 and 1913, the United States experienced periodic economic panics of varying degrees of severity. During this period, Canada did not experience any visible economic panics. One explanation for this is more regulation on _______ in the United States.
- ____________________ limited on the number of branches a bank could have to one. This regulation harmed banks and depositors by centralizing risk within a small geographic area and economy.
- One negative effect of World War I on entrepreneur’s was that the expansion-oriented risk taker tended to be replaced with the conservative risk avoiders—men bent on sustaining a slow momentum of growth without realizing hat all momentum slows on its own.
- Until the late 1800s, in many quarters it was considered poor taste for businesses to promote themselves.
- In 1913, Congress passed a national income tax. In 1895, such as attempt was blocked by the Supreme court after ruling that the income tax was unconstitutional.