Economic 1
Government-controlled limits on the amount of certain goods that civilians could buy during wartime
Rationing
Rising prices and fall in value of money
Inflation
Nuclear weapon that causes damage through heat, blast, and radioactivity (dropped on Hiroshima and Nagasaki, Japan to end World War II)
Atomic Bomb
Central and southern Great Plains during the late 1930s when the region suffered from drought and dust storms
Dust Bowl
Central government makes all economic decisions (Communist factor/trait)
Command Economy
Established minimum wage ($), overtime pay ($), recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments
Fair Labor Standards Act (1938)
Widespread fear of of Communism as a result of the Bolshevik Revolution (Russia) and propaganda
First Red Scare
Young woman from the 1920s who defied traditional rules of conduct and dress
Flappers
Offered farmers money to produce less cotton in order to raise prices during the Great Depression
Agricultural Adjustment Act (1933)
Supply exceeds (more) demand (what’s needed or wanted)
Overproductions
Movement of African Americans in the 20th century from the rural South to the industrial North
Great Migration
Policy of remaining out of foreign conflicts or affairs (political)
Isolationism
Established the legal right of most workers to join labor unions and to bargain collectively with their employers
Wagner Act (1935)
Authorized the President to regulate (monitor) industry for fair wages ($)and prices that would stimulate the economic recovery (Great Depression)
National Industrial Recovery Act (1933)
World organization established after World War I to promote peaceful cooperation between countries
League of Nations
Organization founded in 1945 to promote peace
United Nations
Theory (John Maynard Keynes) that increased government spending and lower taxes stimulate demand (in order to pull the U.S. out of the Great Depression)
Keynesian Economics
Uneven distribution of income ($) throughout a population
Income Disparity
American military based attacked by the Japanese on December 7, 1941
Pearl Harbor (1941)
Organization founded in 1945 to promote peace
United Nations