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44 Cards in this Set

  • Front
  • Back
elastic demans
goods were demand will change based on price

ex. coke
inelastic demand
goods were demand will not change based on price

ex. salt, toliet paper, gas
substitute good
two kids of goods that can be consumed un place of another

ex. milk and soy milk
complemetry goods
good that should be consumed with another good

ex. tooth
tooth paste
wants
elastic
needs
inelastic
market price
price where sellers are willing to sell and buyers are willing to buy
price and quanity graph

increase and decrease
i:right
d: left
vertical intergration
buying out supplier in order to control raw materials and transportation system
andrew carnegie
STEEL

used horizontal and vertical intergration by lowering prices and merging with all steel companies
rockeffeler
controlled oil company with vertical intergration

monopoly
lack of gov regulation in 1900
poor lighting
long work days
no bathroom/lunch breaks
triangle shirtwaist factory
trapped 20 women fire spread quickly due to cloth and tissue on floor
fire escapes unsafe
doors locked
many burned to death
jumped out window
reforms in 1900
from fire and meat packing
minimum wage
limited hours
age limit
required labels
food inspection
womens suffrage
14th amendment
citizenship for blacks
1868
womens suffrage
15th amendment
no one shall be kept from voting based on race color or pervious servatude 1870
womens suffrage
19th amendement
women gain the right to vote
prohibition
18th amendment
makes selling, making, and transporting alchohol illegal
1919
prohibition
21st
repealed prohibition
1933
muckrakers
jounranlist, writers...

who exposed corruption in business, gov, or else where
bootleggers
smuggle liquir [in legs of boots]
speakeasies
illegal bar so called because when inside one spoke quietly or easy to avoid detection
isolationism
focusing on domestic issues rather than foreign
domestic issues
prohibition
womens suffrage
racial issues
red scare
mafia
al copone head of mafia

gambling, loan sharking, debt collection, prostetuion, drugs

after prohibition become powerful from dealing with alcohol
timeline
growth of big business (carngie and rockefeller)-1860

14th amendment-1860

15th amendment-1870

early 1900's

WW1-1914

isolationism-1918

prohabition (18th amendment)-1919

roaring twenties (19th amendment)-1920

great depression-end of pronabition-1933

new deal- 1933

WW2-1941

great society-1964

vietnam war-1967-73

religous revival 1970

regan years 1980-88
great soceity(poverty)
??
who ran it
johnson
higherstandard for living and equal oppourtunity promote richer quality life for all

education key to unlock the door to the great socity
war on poverty ideas
education
health care: $ for poor and old
immigration:allowing
consumer protection: safety standards
great society programs
medicare:65+
medicade: insured poor
foodstamps
college finical aid
The new deal program
SEC
securities and exchange commision

supervised the stock market and eliminated dishonest practice
New Deal Program
FDIC
Federal deposit insurance corp

insure peoples bank accounts. protecting people against loses due to bank failure
New Deal
CCC
civilian conservation corps
put unemplyed men to work building roads, dev. parks, and helping erosion control
New Deal
TVA
tenesse valley authority

dev. resources of the tenesse valley
New Deal
AAA
agricultural adjustment adim

aided farmers and regulated crop production
franklin roosevelt
1933-1945
started the new deal
hundred day
helped unemplopyment
coolige and hoover
favored gov. polices that would keep taxes down and profits up and gave business more credit in otder to expand

little gov. intereferance
coolige
1923-1929
hoover
`1929-1933
causes of great depreassion
crisis in farm sector
credit
stock market crash
war debt
regan years
1980-1988
new right
republican and christan values
oppose abortion

block ERA(equal rights amendment)

return prayer in school

reverse discrimination
Goals of conservative movment
shrink size of ferderal gov and reduce spending

promote family values and patriotic ideals

stimulate busness by reducing government regulation

decrease tax

strengthen nation defense
Reganomics
budget cuts
-social programs
Tax cuts-on rich
-increase defense spending
what effects supply


...demand
natural disasters, war

strikes, techonology-production