Presidents
This president took over after Abraham Lincoln's assassination and did not do a good job managing reconstruction.
Andrew Johnson
The domino effect generally refers to what WW1 phenomenon.
The domino effect refers to the tangle of alliances that came tumbling down as different countries were dragged into the war
Large businesses and corporations largely identified with this political party and favored the gold standard, high protective tariffs, and limiting the size of the federal government.
The Republican Party
America's economy is based off of this kind of economic model.
Capitalism.
What is a protective tariff?
A tax placed on foreign imports to discourage business from sourcing their products from other companies or from moving their business to other countries. The idea is to promote the purchasing of American products made on American soil.
This President established the gold standard by passing the Gold Standard Act, and he raised tariffs with The Tariff Act of 1890.
William McKinley
This is the name of the battle that drew attention away from the Battle of Verdun to provide some relief to the French soldiers.
The Battle of the Somme
The Populist Party was largely comprised of this group of people who were experiencing specific grievances that they wanted remedied. Bonus point if you can name the group that laid the foundation for the Populist Party
Farmers, Farmers' Alliance
Under socialism, who has ownership of labor
The government
Why did the Populist Party believe that free silver was the solution to their problems?
They believed that free silver would increase the money in circulation, therefore lowering the actual cost of their debts and increasing consumers' ability to purchase goods.
This president said, "speak softly and carry a big stick," and became known as the "Great Conservationist." He led the Progressive
Party.
Teddy Roosevelt
This is what we now call the last day of WW1. *Bonus point if you can name the exact time
Armistice Day, 11/11/1918, 11th hour
Unions
Under which economic program is private ownership not allowed.
Communism
This was the first act passed in an attempt to bring large monopolies under regulation.
The Sherman Antitrust Act
This president was assassinated for his opposition to the Spoils System.
James Garfield
This is where the Treaty of Versailles was signed.
Paris, France
Democrats
Under this economic program, private owners are motivated by profit to compete in a free market.
Capitalism
This is the chain of events that led to the Great Depression.
After the stock market crash, citizens panicked and began participating in bank runs. Banks began to go under, and credit froze. Without enough money in circulation, companies could pay their employees and had to resort to mass layoffs, leading to more deflation. Banks began calling in loans leading to mass homelessness.
This president repeatedly said "no" to many groups of people, and he was known for being a "Bourbon Democrat" - fiscally conservative, opposing free silver, and against high tariffs.
Grover Cleveland
Full on tank warfare was utilized in this famous battle in Italy.
The Battle of Combrai
This political party formed partially in response to large monopolies abusing laborers. They were largely focused on nature conservation, anti-imperialistic values, and limiting the power of corporations. At the core, they wanted stronger business regulations to protect the little guys.
The Progressive Party
In Karl Marx's writing, what are the names of the working class and the elite class.
The Proletariat and the Bourgeoisie
Describe a vertical monopoly and a horizontal monopoly.
Vertical Monopoly - This is established when a corporation is able to take control of the whole supply chain and therefore control prices. Example: The owner would control the farm, the trucks, the packing plant, etc.
Horizontal Monopoly - The corporation owns many, or all, of the suppliers accessible. Example: someone owns all the grocery stores in a city to control price.