Fiscal and Monetary
When government spending is greater than revenues, the government budget is in a ________
Deficit
What groups of people did the laborers consist of?
Immigrants and children
What is National debt?
The total amount of money that the U.S. government barrows.
What does the FDA deal with?
Food and Drugs.
What is land protected through?
deeds
Monetary policy is set by the ___________ ________ ______ ______ (four words).
Federal Open Market Committee
Where did one of the earliest strikes take place?
Philadelphia
Where does most of the governments money come from?
Taxes
What does the FTC stand for?
Federal Trade Commission.
What Supreme Court case expanded public use?
Kelo vs City of New London
Veterans benefits are an example of a mandatory ______ program.
entitlement
What "horrors" did the laborers experience?
death from fires and harsh working hours
What are the biggest expenses of the federal government?
Benefit programs and National Defense.
What does the antitrust laws deal with?
Prevent Monopolies, and encourage competition.
What must be provided to use eminent domain?
Compensation
You are chairperson of the Fed. Unemployment has just risen to 7% (that's bad). You will pursue a __________ monetary policy.
expansionary or easy
what did most workers want during this time
8 hour workdays, better pay, safer working conditions
What are 5 things taxes pay for?
schools, Hospitals, Police, Infrastructure, and the National Defense.
TRUE / FALSE
Partnerships are revolved around 1 person.
FALSE
What does Local governments keep records of?
Titles
Government tax revenues are generally based on...
income
This group suffered due to there age
Child labor
What does tax rates depend on?
Your income.
Who is responsible for debt in a sole proprietorship business?
The owner
What laws determine land use?
Zoning laws