A Rising Price for Gasoline May Mean That New Homebuilders

question 48

True/False

A rising price for gasoline may mean that new homebuilders switch from using asphalt driveways to brick driveways.

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Definitions:

Indians

Term historically used to refer to the indigenous peoples of the Americas; now considered outdated and replaced with "Native Americans" or "American Indians."

Free Blacks

African Americans who were not enslaved before the abolition of slavery, living in both the Northern and Southern United States.

Panic Of 1837

Beginning of major economic depression lasting about six years; touched off by a British financial crisis and made worse by falling cotton prices, credit and currency problems, and speculation in land, canals, and railroads.

Depression

A severe and prolonged downturn in economic activity characterized by high unemployment, decreased GDP, and reduced consumer spending.