Gilded Age Economics
This policy raised taxes on imported goods to protect American businesses in the late 1800s.
What is a protective tariff?
This president became known as a “trust-buster” for using federal power to break up monopolies.
Who is Theodore Roosevelt?
This president launched the New Deal to respond to the Great Depression.
Who is Franklin D. Roosevelt?
This post–World War II law helped veterans attend college and buy homes, boosting the economy.
What is the GI Bill?
This 1990s trade agreement linked the economies of the United States, Canada, and Mexico.
What is NAFTA?
This economic system, dominant during the Gilded Age, encouraged private ownership and limited government interference in business.
What is capitalism?
This Progressive goal was meant to make businesses compete fairly and prevent one company from controlling an entire industry.
What is regulating monopolies?
This New Deal program gave jobs to young men through conservation and public lands projects.
What is the Civilian Conservation Corps (CCC)?
This 1960s program expanded the federal government’s role in fighting poverty and improving living conditions.
What is the Great Society?
This term describes the growing connection of world markets through trade, finance, and communication.
What is globalization?
This term described the belief that the government should interfere as little as possible in the economy.
What is laissez-faire?
This 1914 act strengthened earlier antitrust laws and helped the government better regulate unfair business practices.
What is the Clayton Antitrust Act?
This New Deal policy created old-age pensions and unemployment insurance.
What is Social Security?
This president’s economic policy in the 1980s focused on tax cuts, deregulation, and reduced government spending on social programs.
Who is Ronald Reagan?
This 2008 economic crisis led to bank failures, foreclosures, and federal bailout efforts.
What is the Great Recession?
This 1890 law was intended to limit monopolies and combinations that restrained trade.
What is the Sherman Antitrust Act?
This federal agency was created to investigate unfair business practices and protect consumers.
What is the Federal Trade Commission?
What is the Federal Trade Commission?
This New Deal program insured bank deposits and helped restore trust in the banking system.
What is the FDIC (Federal Deposit Insurance Corporation)?
This term is commonly used to describe Reagan’s economic approach.
What is Reaganomics?
This federal action during the 2008 crisis involved giving financial support to major banks and industries to prevent economic collapse.
What is a bailout?
Supporters of this late 19th-century monetary policy wanted to increase the money supply by coining both gold and silver.
What is bimetallism?
This amendment allowed Congress to collect a federal income tax, giving the government more revenue for reform efforts.
What is the 16th Amendment
This idea about the New Deal best explains how it changed the federal government’s role in the economy.
What is that the federal government became more responsible for economic stability and relief?
Supporters of Reaganomics argued that these tax cuts would encourage business investment and eventually benefit the entire economy.
What is supply-side economics?
One major criticism of free trade agreements like NAFTA is that they may lead to this effect in the United States.
What is the loss of manufacturing jobs to other countries?