Details Title: american heritage Description: chapter 12 Total Flash Cards: 51 Created: 08/06/2009 15:03:49		New Users: To study from this flashcard set, or to create your own your own study flash cards, REGISTER HERE. Existing Users: CLICK HERE. Additional Political Studies Flashcards
Cards in this set: Term the difference between Lincolns and Roosevelt federal gov.. Definition Lincolns was much smaller than Roosevelt Term bigger federal gov:con Definition large, impersonal, and powerful Term how to governments grow? Definition growth of private institutions Term jay Gould Definition he was a robber baron, he ended up taxing the railroads Term Leland stanford Definition pres. of the central pacific railroad. golden spike. Term Cornelius Vanderbilt Definition made his fortune in shipping and railroads. ruthless business man Term most Americans in this chapter would be bothered by what? Definition trusts Term size of businesses before and after civil war Definition small turned to big Term what was the first large scale financial transfer program the gov. introduced? Definition pensions given to the veterans of the union army Term what kinds of monopolies were formed during this chapter? Definition railroad monopolies Term collis p huntington Definition founded newport news shipping the largest one at the time Term define:economic power Definition depends on the extent of competition and the control a company can excercise over prices of its product Term horatio alger jr. Definition wrote books that were described as "rags to riches" stories that inspired the american dream Term robber baron Definition leaders of large companies Term mckraker Definition journalists that portrayed the leaders of corporations and the actions of their companies in unfavorable writingts Term carnegie and rockefeller Definition king of steel and king of oil Term j.p. morgan Definition sucessful banker. he funded the steel carnegie used. Term the octopus Definition novel that recounted the depredations f cali railroads Term the jungle Definition boook that exposed the practices of meat packing plants Term solution to monopolies and trusts Definition socialism founded by eugene v. debs Term what were competitive markets suppose to do in theory? Definition compete with each other and eliminate economic power Term how did presidential parties get votes? Definition by passing out free liquor to get them favored Term frank hague Definition he was illegally hired to get votes from people, to persuade them in any way. Term how were political machines made in the first place? Definition foreign immigrations. people would get them jobs and feed them if they voted for their candidate Term william marcy tweed Definition aka boss tweed. rigged elections and stole massive amounts of money Term populism Definition political movement favoring nationalizing banks and railroads to protect farms and towns Term political responses to problems of private power and govenment corruption Definition fight government with government, fight private power with private power, etc. Term what were the 2 problems of farmers? Definition bank and railroads Term what did socialists want the gov. to do with railroads and banks? Definition they were to be owned by gov. and also currency be inflated and backed by gold Term william j. bryan Definition leader in progressive movement Term progressivism Definition movement against privagte power and corporate corruption. favored science and technology and cleaning the environment Term herbert spencer Definition father of social darwinism Term social darwinism Definition society is in a constant change and evolving Term FDA Definition clean up food supplies and regulate health. progressive idea. Term federal reserve system Definition regulate the money supply and help keep the economy stable Term progressives view on income tax Definition believed that tax was important to re-distribute wealth to people Term 3 steps to amending the constitution Definition 1. initiative 2. referendum 3. recall Term initiative Definition citizens could put propositions directly on a ballot through petition Term referendum Definition laws passed by legislatures can be directly submitted to the people for a vote Term recall Definition citizens can call a special eelction by petitioning a person back into office Term bank run Definition when more people withdraw than deposit creating a shortage Term how does a depression form? Definition when prices fail to adjust quickly to a new conditions in the economy instead of gradually Term 3 causes to the great depression Definition 1. decline in the money supply 2. less consumption 3.disruption in international trade Term election of 1932 Definition franklin roosevelt was elected as a beacon of hope to get out of this mess with the new deal Term new deal Definition creatin of various gov. agencies to stimulate the economy Term herbert hoover Definition his plan to end the recession turned into the great depression.... Term john maynard keynes Definition his ideas would influence roosevelts new deal plans Term keynesian economy Definition economy would regulate itself but in teh case of extremem depression the gov. would be needed by cutting taxes or increased spending Term commerce clause Definition gives congress the power to regulate certain types of trades Term monetaries Definition supporters of an economic theory emphasizing the role of money supply in an eceonomy Term every economic issue has provoked the old debate of.... Definition free markets vs. gov.