Quiz Answer Key and Fun Facts
1. Number 1 - What World War II general was later responsible for the most significant event that not only changed the business world but changed nearly every facet of American culture?
2. Number 2- What company, founded in 1968, was responsible for developing the single-chip microprocessor in 1971?
3. Number 3 - The third most significant event occurred in 1913 after the death of billionaire J.P. Morgan. This event was an evolution to an 1863 event. What was it?
4. Number 4 - The Great Crash on October 29, 1929, became known as what?
5. Number 5 - Classified ads for work once read 'Help Wanted - Male' legally. What President signed the Equal Pay for Equal Work Act?
6. Number 6 - Of Henry Ford's many accomplishments, which of these was more significant to economic history?
7. Number 7 - During World War II, another industrialist helped the U.S. war effort by building ships as fast as he could. By 1942, he cut production time of a 10,000-ton Liberty ship from 1 year to 2 months. The next year, he could build them in 2 weeks. Who was he?
8. Number 8 - What major retailer and currently one of the largest employers in the world first opened in 1962?
9. Number 9 - After inflation was reigned in during the early 1980s, the stock market entered a period of growth in August of 1982. What do we call this (or any) period or stock market growth?
10. Number 10 - This inventor and entrepreneur practically defined the term 'cool' with his 1902 'apparatus'. Who was he?
11. Number 11 - Due to rising inflation and a stagnant economy what political election victory has been deemed a critical economic event in the 20th century?
12. Number 12 - What English economist's 1936 publication 'The General Theory of Employment, Interest and Money' theorizes that government spending should increase during a slow economy and decrease and pay off debt during a good economy?
13. Number 13 - George Kennan, also known as Mr. X, predicted in 1947 that the Soviet Union would ultimately collapse. He was the head of the policy planning staff for what executive department?
14. Number 14 - The United Auto Workers staged their first sit-down strike in Flint, Michigan, in 1936-1937. Considered by many as the most important piece of labor legislation of the 20th century, what 1935 law legalized labor unions?
15. Number 15 - The start of this franchise in 1961 started a cultural revolution for quick, mass produced food. Can you name the restaurant or the franchiser?
16. Number 16 - Long before Steve Jobs and Steve Wozniak built an Apple computer, and long before Yahoo helped people surf the web, there was silicon in the valley. The first audio oscillator, Model 200A, was built in a garage by the founders of what company in 1938?
17. Number 17 - In 1909, Belgian-born Leo Baekeland introduced his invention polyoxybenzylmethylenglycolanhydride, phenol-formaldehyde for short, Bakelite for even shorter. This is an early form of what substance?
18. Number 18 - What tech stock's 1995 IPO was a catalyst to the internet stock explosion of the late 1990's?
19. Number 19 - President Franklin Roosevelt worked with Congress in the 1930's to pass a series of securities laws to help even the playing field in the markets. What agency was created to help enforce these laws?
20. Number 20 - This plan was first envisioned by President Truman and the bill was sent to Congress by President Kennedy in 1963. Two years later it became a pillar of President Johnson's Great Society and the bill was passed. By 1998, over 200 billion dollars is spent on this annually. What is it?
21. Number 21 - Microsoft reached an agreement in 1981 to provide its operating system to IBM for personal computers. What was this operating system?
22. Number 22 - Though it was not the first creditor, what bank forever changed the way credit was issued with its credit card plan in 1958?
23. Number 23 - Philo Farnsworth invented it in 1927, but, due to legal matters, did not get to debut it to the world. It was not debuted until 1939 at the World's Fair in New York by another party. What is it?
24. Number 24 - After nearly a decade of a sour economy, the Federal Reserve gets a new chairman in 1979. He raised interest rates and lowered inflation. Who was he?
25. Number 25 - Selman Waksman, under contract with Merck, discovered the antibiotic Streptomycin. Though not the first antibiotic, this spurred the growth of the antibiotic in the drug industry. What disease did this antibiotic help doctors treat and resulted in a Nobel Prize in Medicine for Waksman?
Source: Author
Sprink1234
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stedman before going online.
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