Reconstruction
This Constitutional amendment abolished slavery in the United States.
What is the 13th Amendment?
He founded Standard Oil and used horizontal integration to monopolize the oil industry.
Who is John D. Rockefeller?
This economic theory justified minimal government intervention by arguing that competition would naturally regulate the marketplace
What is laissez-faire capitalism?
This 1987 commission report concluded that Reagan administration officials had illegally supported Nicaraguan rebels despite a congressional ban.
What is the Iran Contra Affair?
In 1930, Congress passed this tariff, worsening global trade and deepening the Depression worldwide.
What is the Smoot-Hawley Tariff?
This federal agency was established in 1865 to help former slaves with education, health care, and employment.
What is the Freedmen Bureau?
He built a railroad empire and became one of the wealthiest men in America.
Who is Cornelius Vanderbilt?
This late 19th-century intellectual movement called for reform of capitalism’s excesses through Christian ethics, leading to the establishment of settlement houses and social services.
What is the Social Gospel
Reagan's economic policy, often dubbed “Reaganomics,” combined large tax cuts with what fiscal strategy aimed at reducing inflation?
What is supply side economics?
This New Deal program provided jobs for young men working on environmental and conservation projects.
What is the Civilian Conservation Corps (CCC)?
This term refers to Northerners who moved South after the Civil War, often to help rebuild or for economic opportunities.
What are carpetbaggers?
This type of business arrangement allowed companies like Standard Oil to skirt monopoly laws by forming corporate alliances.
What is a trust?
This 1890 federal law attempted to regulate monopolies but was initially used more to suppress labor unions than corporations.
What is the Sherman Anti Trust Act?
Reagan famously fired 11,000 members of this union during a 1981 strike, signaling his administration’s hardline stance on organized labor.
What is the air traffic controllers strike?
This 1937 FDR proposal aimed to expand presidential power by altering the makeup of the Supreme Court.
What is the court-packing plan?
This 1877 agreement effectively ended Reconstruction by withdrawing federal troops from the South.
What is the Compromise of 1877?
Carnegie argued that the wealthy had a moral duty to use their wealth for the public good in this 1889 essay.
What is the Gospel of Wealth?
This investigative journalist exposed the corruption of John D. Rockefeller’s Standard Oil monopoly.
Who is Ida Tarbell?
This 1987 arms control treaty, signed with Gorbachev, eliminated an entire class of nuclear weapons and marked a key de-escalation in the Cold War.
What is the INF Treaty (Intermediate-Range Nuclear Forces Treaty)?
This program built dams, provided electricity, and modernized infrastructure in the South.
What is the Tennessee Valley Authority (TVA)?
This was the first time in U.S. history that a sitting president was impeached, largely due to his obstruction of Congressional Reconstruction.
Who is Andrew Johnson?
This 1892 violent labor conflict occurred at one of Carnegie’s steel plants in Pennsylvania.
What is the Homestead Strike?
This 1882 law was the first significant federal legislation to restrict immigration based on race or nationality.
What is the Chinese Exclusion Act?
Reagan often cited this philosopher-economist, author of The Road to Serfdom, as an intellectual influence on his economic views.
Who is Fredrich Hayek?
This term describes the economic condition where falling prices deepen economic collapse, discouraging investment and consumption.
What is deflation?