FSOT Exam (Latest 2025/2026 Update) TEST BANK | 1,200 All Possible Questions with Verified Answers |100% Correct | Graded A.

FSOT Exam (Latest 2025/2026 Update) TEST
i,- i,- i,- i,- i,- i,-




BANK | 1,200 All Possible Questions with i,- i,- i,- i,- i,- i,- i,-




Verified Answers |100% Correct | Graded A. i,- i,- i,- i,- i,- i,-




Social Security
i,- a federal insurance program that provides i,-i,- i,- i,- i,- i,- i,- i,- i,-



benefits to retired people and those who are unemployed or
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



disabled.


Office of Management and Budget (OMB)
i,- i,- The office that i,- i,- i,- i,-i,- i,- i,- i,- i,-



prepares the president's annual budget proposal, reviews the
i,- i,- i,- i,- i,- i,- i,- i,-



budget and programs of the executive departments, supplies
i,- i,- i,- i,- i,- i,- i,- i,-



economic forecasts, and conducts detailed analyses of proposed
i,- i,- i,- i,- i,- i,- i,- i,-



bills and agency rules.
i,- i,- i,-




The Mayflower Compact foreshadows the US Constitution in what
i,- i,- i,- i,- i,- i,- i,- i,- i,-



way? It posits the source of government power in the people
i,-i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



rather than in God.
i,- i,- i,-




The philosophy of mercantilism holds that economic power
i,- i,- i,- i,- i,- i,- i,- i,-



resides primarily in: control of hard currency and a positive
i,- i,- i,-i,- i,- i,- i,- i,- i,- i,- i,- i,-



trade balance
i,-

,Why didn't the British establish a powerful central government in
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



the American colonies?
i,- The British cared little how the i,- i,-i,- i,- i,- i,- i,- i,- i,- i,-



colonists lived so long as the colonies remained a productive
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



economic asset i,-




The Albany Plan of Union failed because:
i,- i,- i,- i,- i,- i,- i,-i,- i,- there was no i,- i,- i,-



legitimate executive power to enforce it i,- i,- i,- i,- i,-




According to the theory of virtual representation...
i,- colonistsi,- i,- i,- i,- i,- i,-i,- i,- i,-



were represented in Parliament by virtue of their British
i,- i,- i,- i,- i,- i,- i,- i,- i,-



citizenship. Thus, their consent to acts of Parliament could be
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



presumed.


Andrew Jackson accused Henry Clay of using his influence to
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



broker the "corrupt bargain" of 1824 (which cost Andrew Jackson
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



the election) because Clay
i,- was promised a cabinet position if
i,- i,- i,-i,- i,- i,- i,- i,- i,- i,- i,-



John Quincy Adams was elected president
i,- i,- i,- i,- i,-




Bleeding Kansas (AKA Bloody Kansas; the Border War)
i,- Was a i,- i,- i,- i,- i,- i,- i,-i,- i,- i,- i,-



series of violent civil confrontations in Kansas Territory, United
i,- i,- i,- i,- i,- i,- i,- i,- i,-



States, between 1854 and 1859 which emerged from a political
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



and ideological debate over the legality of slavery in the
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



proposed state of Kansas. i,- i,- i,-

,Emancipation Proclamation President Lincoln 1863 - The i,- i,-i,- i,- i,- i,- i,- i,- i,-



Emancipation Proclamation granted freedom to the slaves in the i,- i,- i,- i,- i,- i,- i,- i,- i,-



Confederate States if the States did not return to the Union byi,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



January 1, 1863. In addition, under this proclamation, freedom
i,- i,- i,- i,- i,- i,- i,- i,- i,-



would only come to the slaves if the Union won the war
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-




As a result of the Emancipation Proclamation,
i,- i,- nearly 200,000
i,- i,- i,- i,- i,-i,- i,- i,- i,-



free blacks and escaped slaves joined the Union Army
i,- i,- i,- i,- i,- i,- i,- i,-




Following the Civil War, most freed slaves: i,- i,- i,- i,- i,- i,- i,-i,- i,- stayed in the i,- i,- i,-



South, and worked as sharecroppers
i,- i,- i,- i,-




Prior to the administration of Theodore Roosevelt, the Sherman
i,- i,- i,- i,- i,- i,- i,- i,- i,-



Antitrust Act had been used primarily to
i,- suppress trade i,- i,- i,- i,- i,- i,-i,- i,- i,- i,-



unions


Why did prohibition start?
i,- The driving force of the
i,- i,- i,-i,- i,- i,- i,- i,- i,- i,-



Prohibition movement was various religious organizations, who
i,- i,- i,- i,- i,- i,- i,-



believed that less alcohol consumption would decrease the
i,- i,- i,- i,- i,- i,- i,- i,-



amount of crime, spousal abuse, and raise the overall amount of
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



piety in Americai,- i,-




"the Only thing we have to fear is fear itself - nameless,
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



unreasoning, unjustified fear." Pres. Roosevelt in his i,- i,- i,-i,- i,- i,- i,- i,- i,-

, inauguration address declaring the war on the Depression. Led to i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



the New Deal reforms
i,- i,- i,-




Emergency Banking Relief Act Gave the President power over
i,- i,- i,- i,-i,- i,- i,- i,- i,- i,- i,-



the banking system and set up a system by which banks would be
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



reorganized or reopened. Put poorly managed banks under the i,- i,- i,- i,- i,- i,- i,- i,- i,-



control of the Treasury Dept. i,- i,- i,- i,-




The Banking Act of 1933
i,- Established the Federal Deposit i,- i,- i,- i,-i,- i,- i,- i,- i,- i,-



Insurance Corporation (FDIC) to insure bank deposits. It also
i,- i,- i,- i,- i,- i,- i,- i,- i,-



prohibited commercial banks from selling insurance or acting as
i,- i,- i,- i,- i,- i,- i,- i,- i,-



investment banks. i,-




Keynesian economics Theory based on the principles of John
i,- i,-i,- i,- i,- i,- i,- i,- i,- i,- i,-



Maynard Keynes, stating that government spending should
i,- i,- i,- i,- i,- i,- i,-



increase during business slumps and be curbed during booms.
i,- i,- i,- i,- i,- i,- i,- i,-




Keynes argued that depressions were the result of a vicious cycle
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



in which people see that the economy is bad, so they fear that
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



money will be hard to come by, so they don't spend the money
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



they have, so businesses fail, so the economy worsens, so people
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



fear that money will be hard to come by, and so on. The solution,
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



Keynes argued, was for the government to step in and embark on
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



a program of deliberate deficit spending, as the multiplier effect
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-



would ensure that every dollar spent would do several dollars'
i,- i,- i,- i,- i,- i,- i,- i,- i,- i,-