World War II

World War II

In the early 19th century, the United States suffered from a scarcity of
labor, relative to land
What was not apart of the New Deal?
a balanced budget
Between 1939 and 1944, federal government spending rose by more than
400%
The year 2012 had a relatively ________ unemployment rate and a ________ rate of inflation
High, Low
The most accurate description of our economy since the end of 2007?
Worst economic mess since the Great Depression
Compared to 1870 and 1945, our economic history since 1945 could be considered
More stable
The longest economic expansion in our history began in
Spring of 1991
Completely changed the face of the United States in the 25 years following World War II.
Suburbanization
Most of the recessions since World War II lasted
6 to 12 Months
There was a major tax cut in what year?
1964
In the 1970s, our economy suffered from
inflation and stagnation
Our longest uninterrupted economic expansion took place mainly in the decade of the
1990
In the 1990s our economy has generated more than how many jobs?
20 Million
The South had some very substantial economic grievances against the North in the years immediately preceding the Civil War.
True
What was not a contributing factor to suburbanization except
federal subsidies for public transportation
The economic downturn that began in December 2007 is the longest since
the 1930s
Chances are this century will turn out to be another “American Century.”
“American Century”
Our most rapid job growth was in the period from
1995-2000