Industrialization
One company controls an entire industry or market
Monopoly
Allowed people to pay for goods in monthly payments
Installment plan
Businesses encouraged people to buy products on a payment plan
Easy credit
Bonds to help the war effort
War bonds
Established a medical fund for the elderly and the young.
Medicare/ Medicaid Act 1965
When a small group of businesses control an entire market
Trust
made alcohol illegal
18th Amendment
Investing in companies by purchasing stocks or shares
Stock market
Provided money for college tuition for soldiers returning home after World War II
G.I. Bill
Slow economic growth combined with inflation.
Stagflation
The government does not interfere with business "hands off"
laissez-faire economics
smuggled booze
Bootleggers
Purchasing stocks on credit
Buying on margin
The U.S. provided $13 billion to rebuild Europe after World War II and to stop communism.
Marshall Plan
OPEC stopped selling oil to the U.S. causing gas prices to skyrocket
OPEC and Arab Oil Embargo
the U.S. government attempted to regulate the railroad industry
Interstate Commerce Act
When the U.S. exerts its economic power over other countries
Dollar diplomacy
October 29, 1929 Black Tuesday
stock market collapsed which started the
Great Depression
Ray Croc started this type of business
Franchise
President Reagan's economic policies that focused on supply-side economics and tax cuts
Reaganomics
When a company owns all means of production and delivery which pushes out all other businesses.
Horizontal and vertical integration
The U.S. insists that all countries have a right to do business in China.
Open Door Policy
A series of financial laws that worked to end the Great Depression
New Deal
A marketing strategy where corporations planned for products to wear out faster so consumers will purchase more goods.
Planned obsolescence
A treaty that lowered tariffs and opened up free trade with Canada and Mexico.
NAFTA
North American Free Trade Agreement