Term
| What does Laissez-Faire mean? |
|
Definition
| Hands-off government, government stays out of the economy. |
|
|
Term
| What do socialist believe? |
|
Definition
| Government should own business. |
|
|
Term
|
Definition
| A person can succeed as much as they want to. |
|
|
Term
|
Definition
| Coined by Mark Twain meaning shiny exterior covering a cheap base, said to make Americans aware. |
|
|
Term
|
Definition
| Suffragist who investigated labor conditions and protecting women and children. |
|
|
Term
|
Definition
| Social worker who started Hull House and believed government had to allow women the right to vote to make their voice known through voting. |
|
|
Term
| Why did the US become the world's leading industrial nation? |
|
Definition
| Immigration, natural resources (oil,coal,steel), and development of growing middle class. |
|
|
Term
| What does gross national product mean? |
|
Definition
| Total value of all goods and services produced by a country. |
|
|
Term
| What is the transcontinental railroad? |
|
Definition
RR that connected the country. |
|
|
Term
| What is unique about the Great Northern railroads? |
|
Definition
| Great Northern railroads -operated with out government subsidies,not forced into bankruptcy. |
|
|
Term
| How did most railroads get financed? |
|
Definition
By selling government land grants. |
|
|
Term
|
Definition
| Spreads out the financial rish among its stockholders. |
|
|
Term
|
Definition
| A single unit that manages a company (board of trustees) - use to avoid monopoly laws. |
|
|
Term
|
Definition
| When a single compant controls an entire market. |
|
|
Term
| Describe vertical integration/consolidation and horizontal? And who used these techniques? |
|
Definition
Vertical - compant gained all phase of a products development (Andrew Carnegie) Horizontal - Company buys many firms who sells the sames product into one large company (Rockefeller) |
|
|
Term
|
Definition
|
|
Term
| Why are they put into place? |
|
Definition
| Put in place to protect American industries. |
|
|
Term
| What is a negative effect of tariffs for consumers? |
|
Definition
| Increased prices on American goods. |
|
|
Term
| What did the People's Party stand for? What is another name for the People's Party? |
|
Definition
Graduated income tax, More regulation of railroads, Increased circulation. Populism. |
|
|
Term
|
Definition
|
|
