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