US Economic History Test 6

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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History Economic History (University) University (USA History) USA USA History Standards & AP

What is this test? for University History, USA — University (USA History) level, USA.
For University students studying History in the USA
Section: History Economic History (University) · Education: University · Part: History Economic History (University) · Country: USA

Knowledge of history is essential for understanding the vast accumulation from past to present and for establishing cause-and-effect relationships among historical events.

This test will help you develop chronological thinking and prepare for history questions on your exams.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What were Lowell mills?

A) Massachusetts textile factories

B) steel plants

C) oil rigs

D) coal mines

Question 2

Which of the following best defines a trust?

A) Government agency

B) Monopoly controlling an industry

C) Small business

D) Labor union

Question 3

What was the dot-com bust?

A) Housing crash

B) Bank panic

C) 2000 tech crash

D) Oil shock

Question 4

What was the Fed's birth?

A) Treasury office

B) Private bank

C) World bank

D) 1913 central bank

Question 5

What best defines a trust?

A) Monopoly controlling an industry

B) Government agency

C) Small business

D) Labor union

Question 6

What did Ford pioneer?

A) phones

B) assembly line cars

C) airplanes

D) radios

Question 7

Name the person who dominated oil.

A) Astor

B) Carnegie

C) John D. Rockefeller

D) Vanderbilt

Question 8

What is productivity?

A) Total debt

B) Tax rate

C) Trade gap

D) Output per worker

Question 9

Which law banned monopolies in 1890?

A) Sherman Antitrust Act

B) Federal Reserve Act

C) Clayton Act

D) Interstate Commerce Act

Question 10

Identify J.P. Morgan.

A) Steel magnate

B) Banker who financed industry

C) Labor leader

D) Oil tycoon

Question 11

What was Bretton Woods?

A) Trade war

B) Oil pact

C) 1944 money order

D) Wall treaty

Question 12

What was the Bessemer Process?

A) Made textiles

B) Made food

C) Made oil

D) Made steel cheap

Question 13

Which of these did Watt improve?

A) steam engine

B) light bulb

C) telegraph

D) cotton gin

Question 14

What was the Second Bank?

A) First renewal

B) 1816 recharter

C) State bank

D) No bank

Question 15

What best defines the 1920s boom?

A) War orders

B) Gold find

C) Credit and cars

D) Oil boom

Question 16

Provide the definition of the auto bailout:

A) Bank rescue

B) Farm aid

C) No bailout

D) 2009 car rescue

Question 17

Provide the definition of the 1987 crash:

A) Black Monday dip

B) Depression

C) No fall

D) Small dip

Question 18

What best defines the debt ceiling?

A) Spending floor

B) Borrowing limit

C) Tax cap

D) Wage cap

Question 19

Provide the definition of WWII spending:

A) Caused slump

B) No effect

C) Ended Depression

D) Cut all debt

Question 20

Which term means "Railroad bust"?

A) the Homestead Strike (1892)

B) laissez-faire

C) a trust

D) the Panic of 1857

US Economic History Test 6

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