About This Chapter
U.S. Economy - Chapter Summary
As you go through these lessons on the U.S. economy, you can review details about topics like the Industrial Revolution and the stock market crash of 1929. You can also gain a deeper understanding of how the U.S. government helps to ensure economic growth. By the end of the chapter, you should be ready to:
- Discuss the historical development of the U.S. economy
- Explain how the U.S. economy works
- Distinguish between primary and secondary labor markets in the U.S.
- Discuss relationships between private banks, the IRS, and the Federal Reserve
- Explain how the government protects the U.S. economy
- Recall the reasons for governmental regulation and deregulation of the economy
- List some of the effects of globalization on the U.S. economy
- Describe factors that affect U.S. producers and consumers in international markets
The engaging teaching style used by our educators can help you get up to speed on the United States economy in little time. A short quiz is available for each lesson to test your knowledge and ability to recall what was reviewed. You can also print the lesson quizzes and use them as study worksheets.
1. Historical Development of the U.S. Economy
In this lesson we will trace the development of the American economy, from Colonial American commerce and the Industrial Revolution to the rise of big business, the 1929 stock market crash and the rebooting of the economy after World War II.
2. Components of the U.S. Economy
What is the US economy and how does it work? Learn what parts make it up, and contribute towards the size of the economy. Test your new knowledge with a short quiz.
3. Labor in the U.S.: Unions, Labor Markets & Professions
This lesson discusses the differences between the two labor markets in the United States - primary and secondary. It also defines labor unions and the characteristics of a profession.
4. Relationships Between Different U.S. Economic Institutions
The U.S. economy is made up of complex relationships between numerous institutions. In this lesson, learn about a few of the most important: private banks, the IRS, the Federal Reserve, and the stock market.
5. How the Government Protects the U.S. Economy
The following lesson will cover the ways in which the government protects the U.S. economy and ensures stable economic growth. A short quiz will follow the lesson to check for your understanding.
6. Governmental Regulation & Deregulation of the Economy
Government regulations affect all aspects of the economy. However, some sectors are subject to specific regulations due to their importance. This lesson explores the purposes and methods of economic regulation and deregulation.
7. Effect of Globalization on the U.S. Economy
Globalization is a concept that comes with positive and negative views and perspectives. In this lesson we will discuss globalization and some of the effects it has on the U.S. economy.
8. Factors Affecting U.S. Producers & Consumers in International Markets
The lesson will list and define several factors that affect U.S. producers and consumers in international markets including exchange rates, trade pacts, and trade barriers.
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Other chapters within the MTEL History (06): Practice & Study Guide course
- MTEL History: Pre-Columbian North America
- MTEL History: Early North American Settlements
- MTEL History: Road to the American Revolution
- MTEL History: The American Revolution
- MTEL History: Ratification of the U.S. Constitution
- MTEL History: The Virginia Dynasty
- MTEL History: Jacksonian Democracy
- MTEL History: Manifest Destiny
- MTEL History: American Civil War
- MTEL History: American Reconstruction
- MTEL History: Industrialization & Urbanization in the U.S.
- MTEL History: The Progressive Era
- MTEL History: American Imperialism
- MTEL History: The Roaring 20s in the U.S.
- MTEL History: The Great Depression in the U.S.
- MTEL History: World War II
- MTEL History: The Cold War
- MTEL History: Protests, Activism & Civil Rights
- MTEL History: America in the 1970s
- MTEL History: Contemporary American Presidents
- MTEL History: The Stone Age
- MTEL History: The Bronze & Iron Ages
- MTEL History: Ancient Civilizations
- MTEL History: Ancient Middle East & India
- MTEL History: Early China & Japan
- MTEL History: Foundations of Religion
- MTEL History: Hinduism
- MTEL History: Buddhism
- MTEL History: Confucianism
- MTEL History: Judaism
- MTEL History: Christianity
- MTEL History: Islam
- MTEL History: Classical Greece
- MTEL History: The Roman Republic & The Roman Empire
- MTEL History: Government & Culture in the Middle Ages
- MTEL History: War, Revolution & Culture in France & England
- MTEL History: European Renaissance & Reformation
- MTEL History: African Cultures Before European Colonization
- MTEL History: Exploration & Colonization of the Americas
- MTEL History: Revolution & War in the Americas
- MTEL History: Revolution & Independence in Europe & the U.S.
- MTEL History: The Industrial Revolution & Enlightenment
- MTEL History: Germany During the World Wars
- MTEL History: A World at War
- MTEL History: Cold War
- MTEL History: Scientific Thinkers & Discoveries
- MTEL History: Introduction to Geography
- MTEL History: Spatial Processes
- MTEL History: Geography Tools
- MTEL History: The Dispersal of Humans & Culture
- MTEL History: Settlement Patterns
- MTEL History: Basic Terms & Concepts of Political Science
- MTEL History: Historical Influences on Political Ideologies
- MTEL History: Founding Documents of U.S. Government
- MTEL History: Federalism in the U.S.
- MTEL History: Types of Legislatures in Government
- MTEL History: U.S. Electoral Systems
- MTEL History: U.S. Political Parties
- MTEL History: Basic Terms & Concepts of Economics
- MTEL History: Economic Theories
- MTEL History: Economic Systems
- MTEL History Flashcards