CP FINAL EXAM WITH CORRECT 150+
QUESTIONS WITH CORRECTRY ANALYZED
ANSWERS (ACTUAL EXAM) ALREADY
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Jimmy Carter - ANSWERS-(1977-1981), Created the Department of Energy and the
Department of Education. He was criticized for his return of the Panama Canal
Zone. His last year in office was marked by the takeover of the American embassy
in Iran, fuel shortages, and the Soviet Invasion of Afghanistan, which caused him
to lose to Ronald Regan in the next election.
Gulf of Tonkin Resolution - ANSWERS-1964 Congressional resolution authorizing
President Johnson to take military action in Vietnam
Flexible Response - ANSWERS-JFK, the buildup of conventional troops and
weapons to allow a nation to fight a limited war without using nuclear weapons
Real GDP - ANSWERS-the production of goods and services valued at constant
prices
,Nominal GDP - ANSWERS-the production of goods and services valued at current
prices
unemployment rate - ANSWERS-the percentage of the labor force that is
unemployed
The Federal Reserve - ANSWERS-the central bank of the United States
Inflation - ANSWERS-a general increase in prices and fall in the purchasing value
of money.
Deflation - ANSWERS-a decrease in the general level of prices
CPI (Consumer Price Index) - ANSWERS-a measure of the overall cost of the goods
and services bought by a typical consumer
Tariff - ANSWERS-A tax on imported goods
Stock Market - ANSWERS-A system for buying and selling shares of companies
Great Depression - ANSWERS-A time of utter economic disaster; started in the
United States in 1929.
,localism - ANSWERS-policy relied on by President Hoover in the early years of the
Great Depression whereby local and state governments act as primary agents of
economic relief
Trickle Down Economics - ANSWERS-Hoover's strategy battling the Great
Depression in which the money is given to the big corporations and eventually
they will pay their workers more, and then the workers will spend their money
and save the economy.
Hoover Dam - ANSWERS-huge public works project on the Colorado River that
provided jobs, water for irrigation, and power
Bonus Army - ANSWERS-1932 - Facing the financial crisis of the Depression, WW I
veterans tried to pressure Congress to pay them their retirement bonuses early.
Congress considered a bill authorizing immediate assurance of $2.4 billion, but it
was not approved. Angry veterans marched on Washington, D.C., and Hoover
called in the army to get the veterans removed
Herbert Hoover - ANSWERS-31st President of the United States - need to know
responses to the Great Depression
Franklin D. Roosevelt (FDR) - ANSWERS-Franklin D Roosevelt took office as
president of the United States. He started his presidency off with the First
Hundred Days, which was the beginning of the New Deal. During this period, FDR
and congress passed hundreds of bills that promoted social welfare and initiated
programs coined alphabet soup programs.
, Fireside Chats - ANSWERS-informal talks given by FDR over the radio; gained the
confidence of the people
FDIC (Federal Deposit Insurance Corporation) - ANSWERS-the government agency
that insures customers' deposits if a bank fails
CCC (Civilian Conservation Corps) - ANSWERS-relief that provided work for young
men 18-25 years old in food control, planting, flood work, etc.
NRA (National Recovery Administration) - ANSWERS-New Deal agency that
promoted economic recovery by regulating production, prices, and wages
PWA (Public Works Administration) - ANSWERS-New Deal agency that provided
millions of jobs constructing public buildings
TVA (Tennessee Valley Authority) - ANSWERS-gave jobs rebuilding the Tennessee
Valley; brought flood relief and hydroelectric power to the area
Works Progress Administration (WPA) - ANSWERS-Huge New Deal agency that
helped create jobs for those that needed them. It created around 9 million jobs
working on bridges, roads, and buildings. They also hired artists, teachers, writers
and actors for public works projects
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