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Published byVirginia Stokes Modified over 8 years ago
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200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 Economic Systems Category Heading Category Heading Category Heading Category Heading
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Attempted by the founding fathers and encouraged by robber barons such as John D. Rockefeller.
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Laissez Faire Capitalism
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Eugene V. Debs was the head of this party that supported the government ownership of the major industries and utilities.
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Socialism
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Type of economic system often used in times of war – when the government dictates production and supply.
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Command
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FDR’s New Deal Programs made the US this
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A welfare state
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FDR used this approach to solve the economic problems of the Great Depression
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Pump Priming
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Used to describe monopolists like Rockefeller, Carnegie and Morgan in a negative way.
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Robber barons
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Monopolists favored this type of tariff to aid in their control of the US Economy
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High
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The federal government has jurisdiction over this type of trade
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Interstate/International
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This was the first labor union
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Knights of LAbor
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Term that describes the benevolent giving of the wealthy
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Philanthropy
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Believed that a national bank and the federal assumption of state revolutionary debt was essential to the growing nation
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Alexander Hamilton
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This President helped to pass the Federal Reserve Act which created a 3 tier banking system designed to stabilize the economy
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Woodrow Wilson
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This president believed in a Square Deal that gave equal benefits to the owners, workers and consumers
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Teddy Roosevelt
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These three republican presidents believed in supply side economics in the 1920s
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Harding, Coolidge and Hoover
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This President worked to achieve the major economic goal of the republicans since the beginning of the 1980s – federal tax cuts
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Ronald Reagan
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This type of unionism attempts to gain better wages and working conditions for their members
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“Bread ad Butter”
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Allowed workers the right to collectively bargain
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The Fair Labor Relations Act/Wagner Connery Act
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Passed in 1911 to better regulate the monopolies
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Clayton Act
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Federal program established to protect American savings.
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FDIC
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Federal program designed to protect American investments in the stock market
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SEC
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Court case that revolved around the Pullman strike – said that the US government could place an injunction on strikes
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In re Debs
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This crisis occurred during the Bush administration as banks gave out risky loans.
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Savings and Loan Scandal
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The Federal Reserve System can regulate these to prevent inflation
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Interest Rates
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To prevent high unemployment after WWII the US government put this in place to prevent a recession.
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GI Bill
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Court case that broke up a major railroad conglomerate
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Northern Securities
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