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History of the United States

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Leland Grant

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Cards in this guide (16)
What is collective bargaining

a process in which union and company representatives meet to negotiate a new labor contract

What happens in collective bargaining?

representatives of unions and companies negotiate new labor contracts

What is the difference between recession and depression

The difference between the depression and a recession is a recession is the down on an up and down rollercoaster. While the depression, there was no way to tell when it would end.

Which invention revolutionized cotton production

The cotton gin.

Which president formally changed the US dollar to a fiat currency

This occurred when Lyndon Johnson was president. John Kennedy took preliminary steps.

Which term refers to the manner in which shareholders control a corporation

corporate governance

Why was the Specie Circular enacted

The Federal Government was selling land for state banknotes of questionable value.

What is the term used to describe a market that is dominated by a single corporation or entity

Monopoly

How is the Medicaid program controlled

jointly by the federal and state government

According to Karl Marx what gives an item its value

The law of value (German: Wertgesetz) is a central concept in Karl Marx's critique The labour has to materialize itself in some kind of object which has value.

A large amount of the economic growth in the US in the 1990 can be attributed to major advances in which industry

A large amount of the economic growth in the US in the 1990 can be attributed to major advances in textile industry.

In the system of triangular trade where were the American colonies allowed to trade their goods

England and its other colonies A+

In a sole proprietorship which individual must assume all liability

the business

What happened to the economy of the United states during the decades of the 1950s and 1960s

it experienced sustained economic growth

Which amendment to the U.S constitution contains the due process and equal protection clauses

14th

Hawaii held a trade agreement with the US which allowed duty-free importation of sugar to the mainland. What did the local kingdom give to the US in return for these trade benefits

Pearl Harbor and Ford Island.

Which of these was the first union with characteristics as we know them today

American Federation of Labor A+

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