American Heritage Final

True or False

1. Government Policies, such as the Homestead Act, were one cause of post Civil War migration.
   True False
2. An externality is a market weakness, where a third party is affected by the exchange of others.
   True False
3. The Progressives only sought to reform the home and neighborhood.
   True False
4. The 1920s were called the Roaring Twenties because of the mass flux of income into the common labors' life.
   True False
5. Harry S. Truman's Laborer's Containment Policy was a policy to support people and countries fighting Communism.
   True False
6. The 15th amendment, which allowed black men to vote, was just one of many amendments which helped blacks gain equal rights.
   True False
7. The Civil Rights movement came to an end because of Martin Luther King's assassination.
   True False
8. FDR's "New Deal" fixed all the nations problems during the depression.
   True False
9. According to the text, the middle class grew partly from mobility, tax cuts and unions.
   True False
10. In markets, equality of opportunity and equality of result, commonly have the same results.
    True False

Multiple Choice

1. Political Radicals of the early 1900s included:
   1. Only Anarchists
   2. Only Socialists
   3. Some Anarchists and some Socialists
2. John D. Rockefeller used what kinds of market weaknesses to obtain his wealth:
   1. Monopoly - by lowering oil prices, which drove other companies bankrupt.
   2. Externality - by not paying for the oil spills.
   3. Both
   4. None
3. The progressives sought to reform all except:
   1. Government - so women could vote.
   2. Business - to make more fair for all companies
   3. Neighborhoods - by helping the poor and needy
   4. Home - through nutrition and dieting
   5. The terrible conditions of the road
4. During the Stock Market crash, it dropped what percent:
   1. 75 in four years
   2. 95 in four years
   3. 70 in four years
   4. 50 in four years
5. In response to the Cold War, the U.S.:
   1. Government spent millions of dollars to build nuclear weapons in the name of defense.
   2. Fired nuclear weapons at the USSR.
   3. Sold nuclear weapons to the USSR.
6. What were the prominent black institutions?
   1. Only businesses.
   2. Only schools.
   3. Only colleges.
   4. Businesses, schools, colleges and others
7. Markets
   1. Fix economic inequality
   2. Somewhat fix economic inequality
   3. Don't fix economic inequality even thought the markets grow and the rich and poor both gain wealth.
8. During the depression _____ % of the U.S. was unemployed.
   1. 5
   2. 20
   3. 25
   4. 50
9. Which was not a cause of middle class shrinkage during the 50s?
   1. Marrying later
   2. Polarization
   3. More labor
   4. Divorce
10. This Supreme Court case ruled Affirmative Action must be based on equality of opportunity with respect to race, not race alone:
    1. University of California vs. Bakke
    2. University of California vs. Roe
    3. Madison vs. Hamilton
    4. Jones vs. Affirmative Action