U.S. Economic History from 1899 to the Present
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AP U.S. History › U.S. Economic History from 1899 to the Present
Who organized and led the American Federation of Labor?
Samuel Gompers
Booker T. Washington
Marcus Garvey
John D. Rockefeller
John Deere
Explanation
The American Federation of Labor is one of the earliest and most prominent collective labor unions in the United States. It was organized from disaffected members of the Knights of Labor and was led in direction and motivation by Samuel Gompers. The American Federation of Labor came into existence during the economically stagnant 1890s, a time when class differences were becoming more pronounced. Socialism was drawing greater and greater support from the working classes, and the originally formed American Federation of Labor was an extremely socialist grouping; however, over the years as the economy continued to grow and conditions for the working classes greatly improved, the American Federation of Labor made its peace with capitalism and worked much more towards fitting into the system, instead of overhauling it. Samuel Gompers wasits leader for every year from its inception in 1886 to his death in the 1920s, (except for 1895).
Who organized and led the American Federation of Labor?
Samuel Gompers
Booker T. Washington
Marcus Garvey
John D. Rockefeller
John Deere
Explanation
The American Federation of Labor is one of the earliest and most prominent collective labor unions in the United States. It was organized from disaffected members of the Knights of Labor and was led in direction and motivation by Samuel Gompers. The American Federation of Labor came into existence during the economically stagnant 1890s, a time when class differences were becoming more pronounced. Socialism was drawing greater and greater support from the working classes, and the originally formed American Federation of Labor was an extremely socialist grouping; however, over the years as the economy continued to grow and conditions for the working classes greatly improved, the American Federation of Labor made its peace with capitalism and worked much more towards fitting into the system, instead of overhauling it. Samuel Gompers wasits leader for every year from its inception in 1886 to his death in the 1920s, (except for 1895).
Which Supreme Court case declared the Agricultural Adjustment Act to be unconstitutional?
Butler v. United States
City of Boerne v. Flores
Mapp v. Ohio
Gideon v. Wainwright
Georgia v. Randolph
Explanation
The case of Butler v. United States ruled that several components of the Agricultural Adjustment Act were unconstitutional. Primarily it stated that the act violated the proscribed and protected rights of the states to regulate agricultural management and taxation.
Which Supreme Court case declared the Agricultural Adjustment Act to be unconstitutional?
Butler v. United States
City of Boerne v. Flores
Mapp v. Ohio
Gideon v. Wainwright
Georgia v. Randolph
Explanation
The case of Butler v. United States ruled that several components of the Agricultural Adjustment Act were unconstitutional. Primarily it stated that the act violated the proscribed and protected rights of the states to regulate agricultural management and taxation.
Which of the following statements is most representative of the thinking behind supply-side economics?
Tax breaks for large corporations will stimulate the economy by giving businesses more freedom to prosper.
Oil and natural gas companies should be more regulated to protect American citizens.
Labor unions should have more protections in their fights with large corporations.
The wealthy should have a larger tax burden in order to pay down the budget deficit.
Welfare and unemployment benefits should be increased to stimulate the spending power of the lower classes.
Explanation
"Supply-side economics" gained their name from the fact they intended to benefit the suppliers of commercial goods, the businesses and manufacturers who made most of the products in the economy. Supply-side economics is most associated with President Ronald Reagan, who lobbied for massive tax cuts, deregulation of business, and large scale reduction of government spending. During Reagan's eight years in office, he managed to cut taxes, roll back corporate regulations, and slash welfare spending.
Which of the following statements is most representative of the thinking behind supply-side economics?
Tax breaks for large corporations will stimulate the economy by giving businesses more freedom to prosper.
Oil and natural gas companies should be more regulated to protect American citizens.
Labor unions should have more protections in their fights with large corporations.
The wealthy should have a larger tax burden in order to pay down the budget deficit.
Welfare and unemployment benefits should be increased to stimulate the spending power of the lower classes.
Explanation
"Supply-side economics" gained their name from the fact they intended to benefit the suppliers of commercial goods, the businesses and manufacturers who made most of the products in the economy. Supply-side economics is most associated with President Ronald Reagan, who lobbied for massive tax cuts, deregulation of business, and large scale reduction of government spending. During Reagan's eight years in office, he managed to cut taxes, roll back corporate regulations, and slash welfare spending.
“As a matter of personal conviction, and without pretending to discuss the details or formulate the system, I feel that we shall ultimately have to consider the adoption of some such scheme as that of a progressive tax on all fortunes, beyond a certain amount, either given in life or devised or bequeathed upon death to any individual—a tax so framed as to put it out of the power of the owner of one of these enormous fortunes to hand on more than a certain amount to any one individual; the tax of course, to be imposed by the national and not the state government. Such taxation should, of course, be aimed merely at the inheritance or transmission in their entirety of those fortunes swollen beyond all healthy limits.”
The previous quote can most likely be attributed to .
Theodore Roosevelt
Franklin D. Roosevelt
Alexander Hamilton
William Jennings Bryan
Henry Clay
Explanation
The quote is an excerpt from a speech given by Theodore Roosevelt in 1906. The speech is commonly known as “The Man with the Muck-Rake.” Roosevelt was a Progressive politician who argued for the usage of a graduated income tax and the implementation of an inheritance tax to limit the proportion of money that could be handed down from one generation to another.
"I stand for the square deal. But when I say that I am for the square deal, I mean not merely that I stand for fair play under the present rules of the game, but that I stand for having those rules changed so as to work for a more substantial equality of opportunity and of reward for equally good service... When I say I want a square deal for the poor man, I do not mean that I want a square deal for the man who remains poor because he has not got the energy to work for himself."
The above quote most probably represents the political opinions of which President?
Theodore Roosevelt
Franklin D. Roosevelt
George Washington
Abraham Lincoln
Lyndon B. Johnson
Explanation
The Square Deal was Theodore Roosevelt's domestic policy. It centered on two main principles: The protection of the working and middle classes from corporate excess; The conservation of natural resources for the enjoyment of current and future generations. Roosevelt abhorred the manner in which the common American man was being used for the gain of a tiny minority of Capitalists. Although, the ideas are similar in nature to much of FDRs New Deal policies - the term "Square Deal" should be a dead giveaway that it is referring to Theodore. Although, had Theodore lived to see his kin institue the New Deal, there is no doubt he would have approved.
“The business of America is business”
The above quote was most likely spoken by which President?
John F. Kennedy
Abraham Lincoln
Calvin Coolidge
Woodrow Wilson
Jimmy Carter
Explanation
Calvin Coolidge believed that America was best served by prioritizing the interests of big business. He ran a Republican government that advocated a hands-off approach towards economic interference.
"I stand for the square deal. But when I say that I am for the square deal, I mean not merely that I stand for fair play under the present rules of the game, but that I stand for having those rules changed so as to work for a more substantial equality of opportunity and of reward for equally good service... When I say I want a square deal for the poor man, I do not mean that I want a square deal for the man who remains poor because he has not got the energy to work for himself."
The above quote most probably represents the political opinions of which President?
Theodore Roosevelt
Franklin D. Roosevelt
George Washington
Abraham Lincoln
Lyndon B. Johnson
Explanation
The Square Deal was Theodore Roosevelt's domestic policy. It centered on two main principles: The protection of the working and middle classes from corporate excess; The conservation of natural resources for the enjoyment of current and future generations. Roosevelt abhorred the manner in which the common American man was being used for the gain of a tiny minority of Capitalists. Although, the ideas are similar in nature to much of FDRs New Deal policies - the term "Square Deal" should be a dead giveaway that it is referring to Theodore. Although, had Theodore lived to see his kin institue the New Deal, there is no doubt he would have approved.