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7 Cards in this Set
- Front
- Back
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businesses kept their workers happy by giving them benefits and avoided union activity and strikes
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welfare capitalism
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investors buy stocks by paying a small amount of the price and borrowing the rest
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buying on margin
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making high risk investments in hope of getting a huge return
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speculation
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How did Republican gov't in the 1920's affect the economy?
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Republican laissez-faire policies caused rapid business growth, especially automobile, oil, steel, electrical, motion pictures, and publishing.
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How did the gov't tax policy in 1929 affect income distribution?
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The tax policy widened the gap between rich and poor. It gave large tax cuts to the richest people.
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What problems did farmers have in the 1920s?
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Falling farm prices kept farmers from paying their debts; many lost their farms.
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What problems did factory workers have in the 1920s?
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Factory workers worked for long hours at low pay in poor working conditions.
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