The Purpose of the "War on Poverty" Was to

question 7

Multiple Choice

The purpose of the "War on Poverty" was to

• A)engage in wars with those countries that did not support globalization
• B)crack down on companies that were not providing enough jobs for Americans
• C)to decrease the number of people on welfare
• D)to increase the number of welfare programs

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Definitions:

Bank Failures

Occurrences when banks are unable to meet their obligations to depositors and others, often leading to insolvency and closure.

Store of Value

A function of money allowing individuals to preserve purchasing power for future use.

Asset

Something that is owned by or owed to an individual or a business firm.

Medium of Exchange

An item that is widely accepted in exchange for goods and services, facilitating trade by eliminating the need for a coincidence of wants.