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7 Cards in this Set

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