5. When a government lifted price controls after the war, prices
a. remained about the same
b. rose faster than wages
c. fell to prewar levels
d. required government support
Can't decide between A and B...
6. Which of the following contributed to the cattle ranching bust?
a. overgrazing
b. cattle thieves
c. competition from Mexican ranchers
d. invention of barbed wire
A?
7. One example of the shift in attitudes brought by the women's movement was a significant change in
a. racial discrimination
b. men's treatment of women
c. women's career goals
d. homemaking tasks
A?
8. What did the Office of Price Administration issue to consumers for buying scarce items?
a. home-front coins
b. credit cards
c. ration books of coupons
d. special armbands
Not sure..
9. During the war, entrepreneurs like Robert Woodruff prospered by
a. agreeing to refrain from lockouts
b. creating new markets for their products
c. rejecting the "cost-plus" system
d. organizing the Office of War Mobilization
B?
Thanks
-MC
5. I think it's B.
6. Correct
7. Wrong
8. C. I remember ration books.
9. Correct. He stated that he wanted the military personnel to be able to buy Coke any where in the world for a nickel.
5b, 6 if you are speaking of the 1887 winter, the bust was caused by harsh winter, overgrazing, and a few other factors.
7, 8 both c.
9b,if you are speaking of WWI. He sold to the government a design for a truck that only his company could produce.
Thank you, both of you!
-MC
You're welcome. :-)
5. To determine whether prices remained about the same or rose faster than wages when price controls were lifted after the war, you need to understand the concept of price controls and how they influence prices. Price controls are government-imposed restrictions on the prices of goods and services, usually aimed at preventing excessive price increases and ensuring affordability. When price controls are lifted, the market forces of supply and demand are allowed to determine prices.
In this case, after the war, when price controls were lifted, there are two possibilities:
a. If supply and demand were relatively balanced and there were no significant changes in market conditions, prices would likely remain about the same. This means that the removal of price controls did not lead to a significant increase in prices.
b. If demand exceeded supply, or if other market conditions changed, prices would likely rise faster than wages. This means that the removal of price controls led to an increase in prices at a faster rate than the increase in wages.
To determine the correct answer between options A and B, you would need additional information about the economic conditions, such as supply and demand factors and wage trends, during that time period. Without more information, it is not possible to definitively choose between A and B.
6. To determine which factor contributed to the cattle ranching bust, you need to understand the different factors mentioned in the options and their potential impact on the industry.
a. Overgrazing: Overgrazing refers to the excessive consumption of vegetation by animals, leading to the degradation of grasslands. Overgrazing can lead to a decline in the quality of grazing land, reduced carrying capacity for cattle, and ultimately, a decline in the profitability of ranching.
b. Cattle thieves: Cattle thieves refer to individuals or groups stealing cattle from ranchers. This can lead to financial losses for ranchers and destabilize the industry, but it may not be the primary cause of a cattle ranching bust.
c. Competition from Mexican ranchers: This refers to competition from ranchers in Mexico that can potentially affect the market for cattle. If Mexican ranchers were able to produce and sell cattle at lower prices or with better quality, it could negatively impact American ranchers.
d. Invention of barbed wire: The invention of barbed wire made it easier and cheaper to enclose land, limiting the open range for cattle grazing. This reduced access to grazing land, which could have had a significant impact on the cattle ranching industry.
Based on the information provided, it seems that option A, overgrazing, played a significant role in the cattle ranching bust. However, it is important to note that other factors might also have contributed, and a comprehensive understanding of the historical context would be needed for a more definitive answer.
7. To determine the correct answer regarding the shift in attitudes brought by the women's movement, you need to understand the impact of the movement and how it influenced various aspects of society.
a. Racial discrimination: While the women's movement fought for equality and rights for women, it did not directly address racial discrimination. The civil rights movement focused specifically on racial equality.
b. Men's treatment of women: The women's movement aimed to challenge traditional gender roles and stereotypes, advocating for equal treatment of women by men. Therefore, option B is a plausible answer.
c. Women's career goals: The women's movement played a crucial role in expanding opportunities for women in the workforce and promoting their career aspirations. Therefore, option C is a plausible answer.
d. Homemaking tasks: The women's movement challenged the traditional notion that women's primary role was to be homemakers, advocating for greater equality in domestic responsibilities. Therefore, option D is also a plausible answer.
Without more specific information about the attitudes and changes related to the women's movement in the given context, it is not possible to definitively choose the correct answer between B, C, and D. However, option A, racial discrimination, is less likely to be directly impacted by the women's movement.
8. To determine what the Office of Price Administration issued to consumers for buying scarce items, you need to understand the context and purpose of the Office of Price Administration during the given time period.
During World War II, the Office of Price Administration (OPA) was responsible for implementing price controls and rationing to ensure fair distribution of essential goods and prevent inflation. The OPA used a system of rationing, which involved providing consumers with limited quantities of goods through the use of coupons or certificates.
Therefore, the correct answer is option C, ration books of coupons, as the OPA issued ration books to consumers as a means of controlling access to scarce items.
9. To determine how entrepreneurs like Robert Woodruff prospered during the war, you need to understand the concept of entrepreneurship and the particular strategies and actions entrepreneurs may employ.
Entrepreneurship involves identifying and exploiting opportunities in the market to create and grow successful ventures. During war, entrepreneurs face unique challenges and opportunities.
a. Agreeing to refrain from lockouts: Lockouts refer to the practice of employers preventing employees from entering the workplace during labor disputes. While refraining from lockouts may contribute to labor relations and productivity, it is not directly related to entrepreneurs prospering during the war.
b. Creating new markets for their products: Entrepreneurs who were able to identify new demands and create products or services to meet those demands would likely prosper during the war. This includes innovations, adaptations, or diversification of existing offerings.
c. Rejecting the "cost-plus" system: The "cost-plus" system refers to government contracts that reimbursed companies for their production costs plus an additional percentage as profit. Rejecting this system might be a strategy for entrepreneurs to pursue greater profits outside government-controlled contracts, but more information is needed to determine its impact on prosperity.
d. Organizing the Office of War Mobilization: Organizing the Office of War Mobilization refers to a role in government administration and coordination, rather than entrepreneurial activity. This option is not directly relevant to entrepreneurs prospering during the war.
Based on the given options, option B, creating new markets for their products, aligns most closely with the typical entrepreneurial approach to seizing opportunities and finding innovative solutions, making it the most plausible answer.
Please note that without more specific contextual information, the answers provided are based on general knowledge and assumptions about the given time period and events.