Download Economics Unit Assessment / Seemueller Roaring Twenties Nature

Economics Unit Assessment / Seemueller
Roaring Twenties
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Nature of government involvement in economy during the 1920s and the impact that this had
What fueled the economic boom of the 1920s?
Creation of common national culture – what facilitated this?
Jazz Age – How/why did Jazz become so popular?
The Lost Generation – Who were they, where did they go, why, what did they do?
New Technology and Consumerism during the 1920s, and new methods of advertising
Women’s changing roles, female liberation – the flapper, attitudes, dress
Women’s suffrage – Arguments for and against it? How many actually voted in the first election and why?
Welfare capitalism – What was it and did it work? Why or why not?
The Great Depression
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Why do economists find the Great Depression remarkable?
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What caused the Stock Market Crash?
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What were the ripple effects of the Stock Market Crash in the U.S.?
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What caused the Great Depression? Warning signs? Why did it spread worldwide? Know the cycle of
depression, both in U.S. and globally
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Effects of Great Depression on American citizens/democracy – shanty towns, discrimination,
unemployment rates, underemployment, etc.
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Farm Distress, why were farms struggling and then how were they impacted later when the Dust Bowl
occurred?
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The Dust Bowl – causes and effects
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What % of Oklahoma population went to California during the 1930s?
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Hoover’s strategy, Hawley-Smoot Tariff, how Hoover’s strategy differed from FDR’s strategy
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John Maynard Keynes – Who was he and what was his economic theory?
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FDR, his background, and his personality as it related to his presidency, etc. Why did people have
confidence in him? (What did he do to calm things down?)
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Roosevelt and the New Deal – What were the successes, failures, legacy of the New Deal? What were
some of the successful New Deal programs that were created?
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Social Security (Social Security Act of 1935) - Who did it apply to? How did it work?
Post WWII
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Suburbanization, highways, and modern consumerism
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Reasons for economic growth after WWII
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LBJ, Great Society, War on Poverty – Successes, failures, legacy
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Medicare and Medicaid – What are these two programs?
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Ronald Reagan, Reaganomics, 3 campaign promises or what changes he made
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Gross Domestic Product, National Deficit and Debt, and current deficit and debt trends (Government
spending, past and present, and the “sequester”)
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Tax structure, including brackets and history of top marginal tax rate, and types of taxes
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American Presidents, in order
Social Issues
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Krugman and the American Middle Class – What did he say in the article we read regarding “The Great
Compression”, the New Gilded Age, and the standard of living in the United States?
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Sociology – What is it the study of?
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Poverty – What % of Americans live below the poverty threshold? What % will fall below threshold? %
below 18? % of elderly?
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How is poverty calculated?
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Income in U.S. and quintiles, know trends over the past 40 years
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Welfare and reform (Why was it reformed, what were the changes made?), successes, and failures of the
reform
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Socioeconomic Status (SES) – What is it? Biggest Predictors? Correlations?