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20 terms

TermDefinition
Supply-side economics economic theory that lower taxes will boost the economy as businesses and individuals invest their money, thereby creating higher tax revenue
Isolationism a national policy of avoiding involvement in world affairs
Mass production the production of large quantities of goods using machinery and often an assembly line
Assembly line a production system with machines and workers arranged so that each person performs an assigned task again and again as the item passes before him or her
Model T automobile built by the Ford Motor Company from 1908 until 1927
Welfare capitalism system in which companies enable employees to buy stock, participate in profit sharing, and receive benefits such as medical care common in the 1920s
Open shop a workplace where workers are not required to join a union
Anarchist a person who believes that there should be no government
Evolution the scientific theory that humans and other forms of life have evolved over time
Creationism the belief that God created the world and everything in it, usually in the way described in Genesis
Speakeasy a place where alcoholic beverages are sold illegally
Speculation act of buying stocks at great risk with the anticipation that the price will rise
Mass media a medium of communication (as in television and radio) intended to reach a wide audience
Jazz American style of music that developed from ragtime and blues and that uses syncopated rhythms and melodies
Blues style of music evolving from African American spirituals and noted for its melancholy sound
Stock market a system for buying and selling stocks in corporations
Bull market a long period of rising stock prices
Margin buying a stock by paying only a fraction of the stock price and borrowing the rest
Bank run persistent and heavy demands from a bank's depositors, creditors, or customers
Installment buying an item on credit with a monthly plan to pay off the value of the good
Created by: wei_studies
Popular U.S. History sets

 

 



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