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Ch 62: MTEL History: U.S. Economy

About This Chapter

Increase your understanding of the U.S. economy, including governmental regulation, labor markets, globalization, and more. If you are preparing for a test or class discussion, these lessons and quizzes can help raise your confidence by testing your knowledge of related topics in advance.

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.

8 Lessons in Chapter 62: MTEL History: U.S. Economy
Test your knowledge with a 30-question chapter practice test
Historical Development of the U.S. Economy

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.

Components of the U.S. Economy

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.

Labor in the U.S.: Unions, Labor Markets & Professions

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.

Relationships Between Different U.S. Economic Institutions

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.

How the Government Protects the U.S. Economy

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.

Governmental Regulation & Deregulation of the Economy

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.

Effect of Globalization on the U.S. Economy

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.

Factors Affecting U.S. Producers & Consumers in International Markets

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.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the MTEL History (06): Practice & Study Guide course

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