Total Buying Power Declines During Periods of Economic

question 94

Multiple Choice

Total buying power declines during periods of economic

• A) recovery.
• B) prosperity.
• C) recession.
• D) uncertainty.
• E) expansion.

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Definitions:

Bonus Army

The group of World War I veterans who marched on Washington, D.C., in 1932 to demand early payment of a promised bonus for their service.

Mexican Americans

Americans of full or partial Mexican descent, constituting one of the largest Hispanic groups in the United States and contributing significantly to its cultural and social fabric.

New Deal Era

A period in the United States during the 1930s when President Franklin D. Roosevelt's administration implemented a series of programs and policies aimed at recovering from the Great Depression.

Craft Unions

Organizations of skilled workers in the same trade or craft aiming to negotiate collectively for better wages, working conditions, and hours.