Rich People/Poor People
What kind of economic activities were the "Founding Fathers" engaged in?
Large Scale Farming (including slaves), Lawyers, Mercantilism
Partial Credit: They Were Rich
What kind of government did Thomas Jefferson envision?
Anti-federalist, small governments, powerful states, agrarian economy
What is a Labor Union?
Workers come together and agree not to work if certain wages and hours and safety standards are met.
What is the Industrial Revolution?
Technological developments allowed for the mechanization of production, invention of steam power, complex machinery
What caused the Revolutionary War?
Who was able to vote in America in roughly the 1800's?
Who wasn't able to vote?
White, property-owning males, roughly 8% of the population.
Women, Slaves, Indentured Servants, free men who didn't own land, people who couldn't pay the poll tax
What is the role of the Supreme Court?
Decide if a law is constitutional or unconstitutional
Define the "Silent Majority"
The Majority of Americans who aren't visible in protests (or online) but control the majority of electoral politics. Important in the Nixon and Trump era
What region of America grew as a result of the Industrial Revolution?
The North
What caused World War I?
Nationalism, Militarism, Colonialism, Inter-Country Alliances
What does an influx of poor, unskilled immigrant labor do to the cost of labor? What are its effect?
It decreases the cost of labor. It drives wages down for the poor and increases profits for the rich
BONUS POINTS FOR CODY ONLY
What do Federalists believe?
Powerful. Federal. Government.
Define Marxism
Workers seize the means of production, profits are distributed evenly to all involved. The state regulates the economy
How did the Industrial Revolution effect warfare and the business of warfare?
Improvement of transportation and weaponry made warfare more efficient, more profitable, and mroe deadly
What causes Panics, Recessions, and Depressions?
Speculation, over-extension of risky loans, withdrawls of bank funds.
BANKS LEND MONEY THEY KNOW PEOPLE CAN'T PAY BACK
Define "Trickle Down Economics"
Tax breaks for the richest Americans and businesses will insensitive businesses to develop and provide jobs for all Americans
What were the effects of FDR's "New Deal" on the US government and why? Name a specific program or reform.
Dramatically expanded the scale of the US Federal Government, as demanded by the people following the depression. Social Security, the FDIC, Glass-Steagall banking reform.
What did South Carolina argue in the early to mid 1800's regarding the rights of States vs. the rights of the Federal Government?
Nullification Crisis. States were able to disobey Federal Law when it didn't serve their interests.
Define the "Military Industrial Complex"
Expansion of industries dedicated to warfare that promote massive businesses profiteering on continued war ie. Lockheed Martin, Boeing, Amazon
What caused the collapse of the Soviet Union?
Faults with the state-planned economy, political instability of satellite states, continued oppressive soviet policies
Jeff Bezos of Amazon makes 2 million dollars an hour. In the time it takes to learn US History, how much money has Jeff Bezos made?
The average hourly salary (roughly) in China is 2 USD an hour. How much will an average worker make in the time it takes to learn US History, how much money has the average worker made?
30 million dollars.
30 dollars.
What is Neoliberalism? What are its consequences?
Neoliberalism is a policy model of social studies and economics that transfers control of economic factors to the private sector from the public sector. It takes from the basic principles of neoclassical economics, suggesting that governments must limit subsidies, make reforms to tax laws in order to expand the tax base, reduce deficit spending, limit protectionism and open markets up to trade. It also seeks to abolish fixed exchange rates, back deregulation, permit private property and privatize businesses run by the state.
Corporatocracy
Why don't Americans like Communism?
American Individualism arose out of several factors, including Puritanism, Individual-Oriented frontier life, the absence of a feudal class structure, skepticism regarding central Government etc.
Communists are also godless.
In Communism, the Federal State controls the economy
American's believe they can become wealthy
The Industrial Revolution and its consequences have been a _____ for the human race?
(select three words and submit, closest word wins)
Disaster
-Theodore "Ted" Kaczynski
What caused the election of President Trump?
MANY MANY REASONS. YOU MUST NAME AT LEAST 3 TO GET EVEN PARTIAL CREDIT