Why Is 1896 Considered to Be an Extremely Important Year

question 20

Multiple Choice

Why is 1896 considered to be an extremely important year for direct mail advertising and mail-order selling?

• A)Advertising agencies were allowed to charge commissions for their services
• B)The U.S.Post Office was created
• C)The Office of Consumer Affairs guaranteed that consumers could return products that did not meet their needs
• D)The Federal Communications Commission took over control of all mail order and direct mail advertising
• E)The Federal Government inaugurated rural free mail delivery

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Definitions:

Laissez-Faire Policies

Economic stance that opposes the overregulation or interference of the government in free market operations.

Monetary Restraint

A policy used by central banks to slow down economic growth by raising interest rates or reducing the supply of money.

Aggregate Demand

The entire need for products and services within an economy at a specific aggregate price level during a certain time frame.

Inflationary Expectations

The anticipation of future increases in the price level which can influence economic decisions and behaviors.