The Alliance for Progress (1961) Illustrates

question 2

Multiple Choice

The Alliance for Progress (1961) illustrates

• A) the kind of successful Soviet investment in technological development in Africa that President Kennedy thought the United States had to match.
• B) the dozens of business-government cooperative ventures that President Kennedy promoted during his first year in office.
• C) a series of anti-Cuba trade agreements the United States pressured South American countries to sign.
• D) that the Kennedy administration applied the concept of nation building to Latin America by promoting economic development in the region.

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Definitions:

Tying Contract

A sales agreement that requires the buyer to purchase another product or service, distinct from the product or service of interest.

Federal Trade Commission Act

A United States law established in 1914 to promote consumer protection and eliminate and prevent anticompetitive business practices.

Clayton Act

A U.S. antitrust law, enacted in 1914, aimed at preventing unfair business practices such as price discrimination, exclusive dealings, and mergers that significantly lessen competition.

Tying Contract

A type of agreement where the buyer is required to purchase a secondary product along with the primary product, often enforced by the seller.