Show:
Agency
Important People
Act/Law
Economy
Melting Pot
100
Created in 1913 to regulate the lending practices of banks and thus the money supply.
What is the Federal Reserve Board
100
He is known as the Father of the American Economy.
Who is Alexander Hamilton?
100
The first major consumer protection policy in the U.S.
What is the Food and Drug Act?
100
Economic theory that government spending and deficits can actually help the economy weather its normal ups and downs.
What is Keynesian economic theory?
100
Government benefits that workers are entitled to by law, regardless of need.
What are entitlements?
200
Federal agency created during the New Deal that regulates stock fraud.
What is the Securities and Exchange Commission?
200
Credited with awakening the sleeping political giant of consumerism.
Who is Ralph Nader?
200
This act guaranteed unions collective bargaining rights and gave the president power to halt major strikes.
What is the Taft Hartley Act?
200
The theory that too much money goes to taxes and too little available for purchasing; solution - cut taxes and return power to consumers.
What is Supply-side economics?
200
Government programs available to those who qualify by living in poverty.
What are Means-tested programs?
300
Agency created in 1913 and assigned the task of approving all food products and drugs sold in the U.S.
What is the Food and Drug Administration?
300
His ‘War on Poverty’ created welfare programs that bitterly divided Republicans and Democrats.
Who is Lyndon Johnson?
300
Created a retirement insurance program for the elderly and a national assistance program for poor children.
What is the Social Security Act of 1935?
300
This is a key measure of inflation.
What is What is the Consumer Price Index?
300
Program created by Johnson to provide healthcare to the poor.
What is Medicaid?
400
This agency has broad powers to ban hazardous products from the market.
What is the Consumer Product Safety Commission?
400
This president persuaded Congress to cut welfare benefits and lower number on recipients on welfare rolls.
Who is Ronald Reagan?
400
This ‘centrist’ president promised in his campaign to end ‘welfare as we know it’ and worked with a Republican Congress to make this happen.
What is the Personal Responsibility and Work Opportunity Reconciliation Act?
400
Economic policy of shielding an economy from imports.
What is What is Protectionism?
400
Created by Congress in 1980 to clean up hazardous waste sites and hold those responsible for paying.
What is the Superfund?
500
Initially responsible for regulating trade practices, this agency has become a defender of consumer interests in truth in advertising.
What is the Federal Trade Commission?
500
Bureaucratic red tape, aggressive ads by opponents, expensive, and experimental - these claims doomed his plan for nationalized healthcare.
Who is Bill Clinton?
500
The law that charged the Department of Transportation with the responsibility to reduce automobile emissions.
What is the Clean Air Act of 1970?
500
Money the government pays to the poorest workers; exempts them from federal taxes.
What are Earned Income Tax Credits?
500
Doctors order extra tests to prevent lawsuits.
What is defensive medicine?