Show Me the Money
The idea that the government should interfere as little as possible in the economy.
What is Laissez-faire?
Rising prices lead to this decrease in the purchasing power of money.
What is inflation?
These groups of workers organize to protect their rights, wages, and working conditions.
What are labor unions?
Donating money or resources to help others or improve society.
What is philanthropy?
This severe worldwide economic downturn began in the 1930s and was marked by high unemployment and bank failures.
What was the Great Depression?
This nickname was given to powerful business leaders who use unfair methods to gain wealth at power at the expense of workers.
What are robber barons?
This economic system has prices and business decisions be determined by supply and demand rather than government control.
What is a free market economy?
This group of programs fought the Great Depression by creating jobs and reform.
What was the New Deal?
This decade of economic prosperity, cultural change, and consumerism took place right before the Great Depression.
What were the Roaring Twenties?
The late 1800s period of rapid industrial growth, big business, wealth, and political corruption.
What was the Gilded Age?
This economic system allows individuals to own businesses and compete for profit.
What is capitalism?
Both private businesses and government are involved in the regulation of services in this economic system.
What is a mixed economy?
This financial institution was created to stabilize the U.S. economy and manage the national debt.
What is the National Bank?
These business leaders expand the economy and contribute to society through innovation or philanthropy.
Who are captains of industry?
This was October 29. 1929. the day the U.S. stock market crashed, starting the Great Depression.
What was Black Tuesday?
This name was given to one President's economic policy which promoted tax cuts, reduced government spending, and deregulating business.
What is Reaganomics?
This major global economic collapse was triggered by risky banking and a crash in the prices of homes.
What was the 2008 Financial Crisis?
This period of major growth in manufacturing and technology took place during the 1800s.
What was the American Industrial Revolution?
This law required men and women to be paid the same wages for the same jobs.
What was the Equal Pay Act of 1963?
These were makeshift shantytowns built by homeless Americans during the Great Depression.
What was Hoovervilles?
This pre-Civil War southern economy was based largely on slavery and the production of cotton.
What was the Antebellum Economy?
This factory system in Massachusetts employed young women under strict supervision and housing conditions.
What was the Lowell System?
This shift in the American economy brought increased industrialization, improved transportation, and moved America towards a free market economy.
What was the Market Revolution?
This series of 1960s programs aimed to reduce poverty and promote equality in America.
What was LBJ's Great Society?
A major financial crisis of the 1800s causes by bank failures and inflation that led to a U.S. economic depression.
What was the Panic of 1837?