What Was the One Thing That People Seemed to Fear

question 56

Multiple Choice

What was the one thing that people seemed to fear most about unionization?

• A)Ordinary working-class people would have more power than ever before, and most had little, if any, education.
• B)Marxism had taken hold in several countries and was threatening to take control of labor unions.
• C)The lower class working people would become convinced that they were the social equals of property holders and aristocrats.
• D)The nations would come under communist domination.
• E)Union members would become violent if their demands were not met.

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Definitions:

Cost-push Inflation

Inflation caused by an increase in production costs, such as raw materials and wages, which leads to a decrease in the supply of goods and services at the same price levels.

Social Security

A government program that provides financial assistance to individuals who are retired, disabled, or otherwise unable to earn sufficient income through employment.

Nominal Interest Rate

The interest rate unadjusted for inflation, representing the face value rate at which money can be borrowed or saved.

Inflation Rate

A rise in the cost of goods and services in an economy, expressed as a percentage over a certain time frame.