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44 Cards in this Set
- Front
- Back
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elastic demans
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goods were demand will change based on price
ex. coke |
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inelastic demand
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goods were demand will not change based on price
ex. salt, toliet paper, gas |
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substitute good
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two kids of goods that can be consumed un place of another
ex. milk and soy milk |
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complemetry goods
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good that should be consumed with another good
ex. tooth tooth paste |
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wants
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elastic
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needs
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inelastic
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market price
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price where sellers are willing to sell and buyers are willing to buy
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price and quanity graph
increase and decrease |
i:right
d: left |
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vertical intergration
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buying out supplier in order to control raw materials and transportation system
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andrew carnegie
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STEEL
used horizontal and vertical intergration by lowering prices and merging with all steel companies |
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rockeffeler
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controlled oil company with vertical intergration
monopoly |
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lack of gov regulation in 1900
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poor lighting
long work days no bathroom/lunch breaks |
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triangle shirtwaist factory
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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 |
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reforms in 1900
from fire and meat packing |
minimum wage
limited hours age limit required labels food inspection |
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womens suffrage
14th amendment |
citizenship for blacks
1868 |
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womens suffrage
15th amendment |
no one shall be kept from voting based on race color or pervious servatude 1870
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womens suffrage
19th amendement |
women gain the right to vote
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prohibition
18th amendment |
makes selling, making, and transporting alchohol illegal
1919 |
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prohibition
21st |
repealed prohibition
1933 |
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muckrakers
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jounranlist, writers...
who exposed corruption in business, gov, or else where |
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bootleggers
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smuggle liquir [in legs of boots]
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speakeasies
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illegal bar so called because when inside one spoke quietly or easy to avoid detection
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isolationism
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focusing on domestic issues rather than foreign
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domestic issues
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prohibition
womens suffrage racial issues red scare |
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mafia
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al copone head of mafia
gambling, loan sharking, debt collection, prostetuion, drugs after prohibition become powerful from dealing with alcohol |
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timeline
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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 |
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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 |
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war on poverty ideas
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education
health care: $ for poor and old immigration:allowing consumer protection: safety standards |
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great society programs
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medicare:65+
medicade: insured poor foodstamps college finical aid |
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The new deal program
SEC |
securities and exchange commision
supervised the stock market and eliminated dishonest practice |
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New Deal Program
FDIC |
Federal deposit insurance corp
insure peoples bank accounts. protecting people against loses due to bank failure |
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New Deal
CCC |
civilian conservation corps
put unemplyed men to work building roads, dev. parks, and helping erosion control |
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New Deal
TVA |
tenesse valley authority
dev. resources of the tenesse valley |
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New Deal
AAA |
agricultural adjustment adim
aided farmers and regulated crop production |
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franklin roosevelt
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1933-1945
started the new deal hundred day helped unemplopyment |
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coolige and hoover
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favored gov. polices that would keep taxes down and profits up and gave business more credit in otder to expand
little gov. intereferance |
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coolige
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1923-1929
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hoover
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`1929-1933
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causes of great depreassion
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crisis in farm sector
credit stock market crash war debt |
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regan years
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1980-1988
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new right
republican and christan values |
oppose abortion
block ERA(equal rights amendment) return prayer in school reverse discrimination |
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Goals of conservative movment
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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 |
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Reganomics
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budget cuts
-social programs Tax cuts-on rich -increase defense spending |
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what effects supply
...demand |
natural disasters, war
strikes, techonology-production |
