MILESTONE PRACTICE SOLUTION 2026
QUESTIONS WITH COMPLETE ANSWERS
GRADED A+
◉ the history of the internet. Answer: Started with ARAPANET in
1969 linking scientific and academic researchers across US then in
1986, NSF connected its huge network to ARAPANET creating a
what eventually became known as the Internet.
◉ Who was the first person to use the first packet-switching
network to send a message?. Answer: Leonard Kleinrock
◉ What was the content of the first message sent over the first
packet-switching network?. Answer: Attempted 'login' which
crashed after 'L' and 'O'
◉ What network was born as a result of successful message
exchanges between UCLA and Stanford?. Answer: ARPANET
◉ Great Depression. Answer: the economic crisis beginning with the
stock market crash in 1929 and continuing through the 1930s
,◉ Franklin Delano Roosevelt. Answer: Democratic president who
created the New Deal to counter the effects of the Great Depression
◉ Herbert Hoover. Answer: 31st President of the United States
◉ what did Herbert Hoover do?. Answer: Continued previous
presidential policies, attempted to solve the Great Depression but
failed for numerous reasons
◉ Works Progress Administration (WPA). Answer: New Deal agency
that helped create JOBS for those that needed them. It created
around 9 million jobs working on bridges, roads, and buildings.
◉ New Deal. Answer: A series of reforms enacted by the Franklin
Roosevelt administration between 1933 and 1942 with the goal of
ending the Great Depression.
◉ Civilian Conservation Corps. Answer: Hired young, unemployed
people to do restoration projects throughout the country, employed
over 3 million people.
◉ Federal Deposit Insurance Corporation (FDIC). Answer: This
corporation insured individual bank deposits
,◉ Agricultural Adjustment Administration. Answer: Gave farmers
money to reduce crop size to reduce production and bring up the
value of crops
◉ Glass-Steagall Act. Answer: (Banking Act of 1933) - Established
the Federal Deposit Insurance Corporation and included banking
reforms, some designed to control speculation. Repealed in 1999,
opening the door to scandals involving banks and stock investment
companies.
◉ Homeowners Loan Corporation. Answer: Loaned money to
homeowners to help them refinance their mortgages and avoid
losing their property through bank foreclosures
◉ National Recovery Administration. Answer: Government agency
that was part of the New Deal and dealt with the industrial sector of
the economy. It allowed industries to create fair competition which
were intended to reduce destructive competition and to help
workers by setting minimum wages and maximum weekly hours.
◉ Tennessee Valley Authority (TVA). Answer: a federal corporation
established in 1933 to construct dams and power plants in the
Tennessee Valley region to generate electricity as well as to prevent
floods
, ◉ Securities Act of 1933. Answer: The first major law regarding the
sale of securities. It required that companies register their securities
sold to the public with the SEC and that investment bankers must
provide full and accurate information related to new securities
issues to potential investors.
◉ Social Security Act. Answer: created a tax on workers and
employers. That money provided monthly pensions for retired
people.
◉ Volunteerism. Answer: the practice of offering your time and
services to others without payment
◉ Stocks vs. Bonds. Answer: A unit of ownership in a corporation VS
Debt obligations (you lend a company money)
◉ Stocks. Answer: shares of ownership in a company
◉ Bonds. Answer: Paper notes promising to repay money after a
certain length of time with interest
◉ Hitler invaded. Answer: Austria, Sudetenland, Czechoslovakia,
Poland, France, Denmark and Norway