Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
45 Cards in this Set
- Front
- Back
- 3rd side (hint)
Populists
|
The peoples party; formed in 1892;
1. supported a graduated income tax 2. bank regulations 3. govt ownership of some companies, 4. restrictions on immigration 5. shorter work days 6. and a voting reform |
The people's party, formed in what year..what 6 things did they support?
|
|
Gilded Age
|
years between civil war and World War I
institutions undertook financial manipulations that went virtually unchecked by govt era produced many infamous actvities in the security markets marked by growth of industry which supported materialism and political corruption |
what was the age between (two wars)
what did institutions undertake that went virtually unchecked by govt? what infamous activities did this era produce? what marked growth marked this area? what two things did it support? |
|
Silverties
|
Supported by Democrats and Populists
The leader - William Bryan - Favored establishment of silver as monterary standard |
What two groups was it supported by?
Who was their leader? What monterary standard did it support? |
|
Gold Bug
|
Defenders of the gold standard in the 19th century
Made up of bankers and industrialists |
What did it defend in the 19th century?
What two groups did it make up of? |
|
Progressives
|
Organized by Republican insurgents in 1911
Supported Teddy Roosevelt in 1912 AKA - Bull Moose Party |
What political insurgent was this organized by?
What presidental candiate did they support? What is another name for them? |
|
Billion-Dollar Congress
|
Name given to congress when they met from 1889 to 1891 because of lavish spending on:
1. internal improvements, 2.naval building, 3. pensions |
What three things did congress spend lavisly on?
|
|
McKinley Tariff
|
Bill in 1890 that added to many products to the "not taxed" list
Led to sharp rising of product prices |
This bill in 1890 added many products to what?
It led to the sharp rising of product what? |
|
Sherman Anti-Trust Act
|
Prevented Monopolies on any market
Used by the government to break up large corporations Outlawed any contract, combination, or conspiracy in restraint of trade or commerce among several states or with foreign nations |
Prevented wha on any market?
Used by the government to break up large what? Outlawed three things (all with c's!) in restraint to trade or what among several what or with.....nations |
|
Teddy Roosevelt
|
McKinelys's Vice President
Youngest President ever Became pres in 1901 Strengthened executive branch through personality and his progressive agenda |
Who was he VP for?
He was the blank president ever Became president in the year 1901 Strenthed the what branch through his personality and his what agenda |
|
William Taft
|
27th President
Defended the Payne-Aldrich Tariff |
27th President
What tariff did he defend? |
|
Payne-Aldrich Tariff
|
Compromise between two bills by Payne and Aldrich, decreased the prices on some tariffs, however, increased numerous more
|
Compromise between who and who, decreased the what on some tariffs, however, what numerous more
|
|
Federal Reserve Act
|
establishment of Federal Reserve Banks, to furnish a commercial paper currency, and to supervise US Banking
|
establishment of Federal what Banks, to furnish a what paper currency, and to suppervise US what
|
|
Clayton Anti-Trust Act
|
Law forbids every contract, scheme, deal, conspiracy, to restrain trade.
Also forbids conspiracies to secure monopoly of a given industry. |
Law forbids every contract, what, what, and what to restrain what
Also forbids what to secure monopoly of a given what |
|
Federal Trade Commission
|
An outline of what should and shoudn't be done in fair trade.
A commision was set up by Pres. Woodrow Wilson to enforce fair trade |
An outline of what should and shouldn't be done in fair what
A what was set up by who to enforce fair what? |
|
Federal Farm Loan Act
|
Established in 1916
Created 12 Farm Loan Banks to serve members of Farm Loan Associations Farmers could borrow up to 50% of the value of land and 20% of the value of their improvements |
Established in 1916
Created 12 Farm Loan Banks to serve members of Farm Loan what Farmers could borrow up to 50% of the value of what and 20% of the value of their what |
|
Income Tax of 1916
|
Passed under the Wilson Administration that would take a percentage of money out of a person's salary
|
|
|
Teapot Dome Scandal
|
Involved the leasing of naval-oil-reserve-lands to a private oil company. The secretary of the interior, who had been appointed by Harding, Albert Fall, was later jailed for taking bribes to approve the leases
|
|
|
Laissez-Faire capitalism
|
Free enterprise system
policy that government should interfere as little as possible in the nation's economy The govt can protect private property rights and maintain peace |
|
|
Second Industrial Revoultion
|
Britain had the first, USA followed. Foreign investors saw more opportunity for profit and growth in the US than at home.
|
|
|
Vanderbilt and the Railroad
|
Vanderbilt's railroad investments brought home power and wealth - Had over 4,500 miles of railroad track and took in over $100 million
|
|
|
Standard Oil
|
The company's product set the industry standard
|
|
|
Bessemer Process
|
Efficient method of making steel, developed by British inventor Bessemer and American Kelly
|
|
|
US Steel
|
American steel production skyrocketed from about 15,000 tons in 1865 to more than 28 million tons by 1910
|
|
|
Gospel of Wealth
|
Essay written by Andrew Carnegie, which insisted that the wealthy had a solemn obligation to use their riches for the advancement of society
|
|
|
Social Darwinism
|
Theory adopted by philospher Herbert Spencer from Charles Darwin's theory of evoultion, argued that society progressed through competition with the fittest rising to positions of wealth and power
|
|
|
Myth of the Self-Made man
|
Every American could attain untold riches if sufficently working and ambitious. Unionization and radical idelogy spead
|
|
|
London Economic Congress
|
66 nations met in London that revealed how throughly FDR's early foreign policy was subordinated to his strategy for domestic ecnomic recovery
|
|
|
Vertical integration
|
Ownership of business involved in each step of a manufacturing process
|
|
|
Horizontal integration
|
Ownership of several companies making the same product
|
|
|
Trusts
|
Arrangement grouping several companies under one board of directors to eliminate competition and to regulate production
|
|
|
Cartels
|
combinations of independent buisness organizations formed to regulate production, pricing, and marketing of goods
|
|
|
Panic of 1893 and Resulting Depression
|
One of the country's leading railroad companies failed. This led to a financial panic that sent stock prices plunging.
|
|
|
Global Depression
|
many countries went into ecnomic depression after WWI
|
|
|
Income Gap and Consumer Debt
|
Unequal distribution of income. The reliance on consumer credit contributed to economic debts
|
|
|
Business Cycle
|
Better financial planning in the 1920's wouldn't have prevented the depression. There were regular "ups and downs" of business in a free-enterprise economy
|
|
|
Increasing Joblessness
|
America went from 1.5 to 15 million people without jobs
|
|
|
Life in the City
|
Faced unemployment and poverty
|
|
|
Life on the Farm
|
poverty made it hard for city dwellers to purchase products
|
|
|
Family Strains
|
Many families broke up because of so much stress and problems
|
|
|
Hoover: Responsive measures
|
believed sucess comes through invidual effort and private enterprise
|
|
|
Taft-Hartley Act
|
pro-business act - permitted states to pass the "right to war" laws outlawing the union shop
|
|
|
Eisenhower Prosperity
|
Country enjoyed a steady growth rate
|
|
|
War on Poverty
|
Self-help programs for the poor under Johnson
|
|
|
Voodoo Ecnomomics
|
tax cuts reduced government spending, increased investment by the private sector
|
|
|
Budget Deficits - Gramm Rudman Hollings Balanced Budget Act - kept ferderal deficit under control
|
Reagan's tax cuts combined with large increases in military spending created federal deficits of over $200 billion dollars a year.
|
|