Economy after 1945 - AP U.S. History
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What was the effect of deregulation in the 1980s?
What was the effect of deregulation in the 1980s?
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Reduced government intervention in industries. Removed price controls and barriers to market competition.
Reduced government intervention in industries. Removed price controls and barriers to market competition.
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What economic challenge did the US face in the 2010s?
What economic challenge did the US face in the 2010s?
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Income inequality. Gap between rich and poor widened significantly.
Income inequality. Gap between rich and poor widened significantly.
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What was the primary economic system in the US post-1945?
What was the primary economic system in the US post-1945?
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Mixed economy combining capitalism and government intervention. Blended free market principles with New Deal-era regulatory frameworks.
Mixed economy combining capitalism and government intervention. Blended free market principles with New Deal-era regulatory frameworks.
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Identify the main economic policy initiative of the 1950s.
Identify the main economic policy initiative of the 1950s.
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Eisenhower's Interstate Highway System. Created 41,000 miles of highways, boosting construction and commerce.
Eisenhower's Interstate Highway System. Created 41,000 miles of highways, boosting construction and commerce.
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Which sector experienced significant growth in the US after 1945?
Which sector experienced significant growth in the US after 1945?
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The service sector. Manufacturing declined while services like finance and retail expanded.
The service sector. Manufacturing declined while services like finance and retail expanded.
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What was the economic impact of the GI Bill on the US?
What was the economic impact of the GI Bill on the US?
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Increased educational attainment and home ownership. Veterans received college funding and low-interest home loans.
Increased educational attainment and home ownership. Veterans received college funding and low-interest home loans.
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What was a primary cause of suburbanization post-1945?
What was a primary cause of suburbanization post-1945?
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Affordable housing and automobile ownership. Mass production made homes and cars accessible to middle class.
Affordable housing and automobile ownership. Mass production made homes and cars accessible to middle class.
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What major economic change occurred in the 1970s?
What major economic change occurred in the 1970s?
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Transition from manufacturing to service economy. Deindustrialization shifted jobs from factories to service sectors.
Transition from manufacturing to service economy. Deindustrialization shifted jobs from factories to service sectors.
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Identify the economic term for 1970s high inflation and unemployment.
Identify the economic term for 1970s high inflation and unemployment.
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Stagflation. Unusual combination of rising prices and rising unemployment.
Stagflation. Unusual combination of rising prices and rising unemployment.
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What was the effect of oil embargoes in the 1970s on the US economy?
What was the effect of oil embargoes in the 1970s on the US economy?
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Increased energy prices and economic recession. OPEC actions caused fuel shortages and economic slowdown.
Increased energy prices and economic recession. OPEC actions caused fuel shortages and economic slowdown.
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What policy did the Federal Reserve use to combat 1970s inflation?
What policy did the Federal Reserve use to combat 1970s inflation?
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Raising interest rates. High interest rates reduced borrowing and cooled the economy.
Raising interest rates. High interest rates reduced borrowing and cooled the economy.
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Which economic theory guided Reagan's 1980s policies?
Which economic theory guided Reagan's 1980s policies?
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Supply-side economics. Theory that tax cuts stimulate economic growth through investment.
Supply-side economics. Theory that tax cuts stimulate economic growth through investment.
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Identify the US economic condition in the early 1990s.
Identify the US economic condition in the early 1990s.
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Recession followed by a tech-driven recovery. 1990-91 recession ended with technology-led economic expansion.
Recession followed by a tech-driven recovery. 1990-91 recession ended with technology-led economic expansion.
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Which trade agreement was signed in 1994?
Which trade agreement was signed in 1994?
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NAFTA (North American Free Trade Agreement). Eliminated tariffs between US, Canada, and Mexico.
NAFTA (North American Free Trade Agreement). Eliminated tariffs between US, Canada, and Mexico.
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What was a major economic trend of the 1990s?
What was a major economic trend of the 1990s?
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Expansion of technology and internet industries. Personal computers and internet transformed business operations.
Expansion of technology and internet industries. Personal computers and internet transformed business operations.
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What economic event occurred in the early 2000s?
What economic event occurred in the early 2000s?
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Dot-com bubble burst. Overvalued internet companies crashed, causing economic downturn.
Dot-com bubble burst. Overvalued internet companies crashed, causing economic downturn.
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Identify the main cause of the 2008 financial crisis.
Identify the main cause of the 2008 financial crisis.
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Subprime mortgage lending and housing bubble. Risky loans to unqualified borrowers inflated housing prices.
Subprime mortgage lending and housing bubble. Risky loans to unqualified borrowers inflated housing prices.
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What was the government's response to the 2008 crisis?
What was the government's response to the 2008 crisis?
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Bank bailouts and stimulus packages. Government intervention prevented financial system collapse.
Bank bailouts and stimulus packages. Government intervention prevented financial system collapse.
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Which legislation reformed financial regulation post-2008?
Which legislation reformed financial regulation post-2008?
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Dodd-Frank Act. Strengthened oversight of banks and financial institutions.
Dodd-Frank Act. Strengthened oversight of banks and financial institutions.
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What was the impact of globalization on the US economy?
What was the impact of globalization on the US economy?
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Job outsourcing and increased trade. Manufacturing jobs moved overseas while trade volume increased.
Job outsourcing and increased trade. Manufacturing jobs moved overseas while trade volume increased.
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Which sector led the US economic recovery post-2008?
Which sector led the US economic recovery post-2008?
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Technology sector. Innovation companies drove job creation and stock market growth.
Technology sector. Innovation companies drove job creation and stock market growth.
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Identify a key feature of the Affordable Care Act.
Identify a key feature of the Affordable Care Act.
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Expansion of healthcare coverage. Extended insurance access to previously uninsured Americans.
Expansion of healthcare coverage. Extended insurance access to previously uninsured Americans.
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What was the economic effect of technological advancements post-1945?
What was the economic effect of technological advancements post-1945?
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Increased productivity and automation. Machines replaced workers while boosting overall output.
Increased productivity and automation. Machines replaced workers while boosting overall output.
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What was a major economic effect of the Cold War?
What was a major economic effect of the Cold War?
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Increased defense spending. Military-industrial complex drove government expenditures upward.
Increased defense spending. Military-industrial complex drove government expenditures upward.
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What is the concept of 'Reaganomics'?
What is the concept of 'Reaganomics'?
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Economic policies of tax cuts, deregulation, and increased defense spending. Reagan's approach to stimulate growth through supply-side measures.
Economic policies of tax cuts, deregulation, and increased defense spending. Reagan's approach to stimulate growth through supply-side measures.
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Identify a primary goal of post-1945 US economic policy.
Identify a primary goal of post-1945 US economic policy.
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Sustained economic growth. Keynesian economics aimed to maintain full employment.
Sustained economic growth. Keynesian economics aimed to maintain full employment.
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How did the US economy change in the 1980s?
How did the US economy change in the 1980s?
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Shift towards a service-oriented economy. Manufacturing jobs declined as service sector expanded.
Shift towards a service-oriented economy. Manufacturing jobs declined as service sector expanded.
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What was the impact of the Marshall Plan?
What was the impact of the Marshall Plan?
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Economic recovery in Europe, benefiting US exports. Rebuilt European markets created demand for American goods.
Economic recovery in Europe, benefiting US exports. Rebuilt European markets created demand for American goods.
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What economic trend characterized the 1990s?
What economic trend characterized the 1990s?
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Economic globalization and trade expansion. Free trade agreements and multinational corporations expanded.
Economic globalization and trade expansion. Free trade agreements and multinational corporations expanded.
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Which economic policy did Clinton pursue in the 1990s?
Which economic policy did Clinton pursue in the 1990s?
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Fiscal conservatism with social investments. Balanced budgets while maintaining social programs.
Fiscal conservatism with social investments. Balanced budgets while maintaining social programs.
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