Building a Powerful Nation Revision Flashcards
Monopoly
A company that has no competition
Laissez faire
“Leave alone”, the less the gov’t is involved in the economy, the better business will be
Social Darwinism
Discouraged government interference in economic matters
Plessy vs. Fergunson
“Separate but equal” doctrine
Lynching
Kill someone for alleged offense without a legal trial
Americanization
The action of making a person or thing American in character or nationality.
Vaudeville
A show or performance(comedy) making fun of others
Yellow Journalism
Section of newspaper with crude illustration
Niagara Movement
Obtaining civil rights for African Americans
Recall
Voters can vote to remove elected officials
Clayton Antitrust Act
Prohibits certain actions that lead to anti-competitiveness
Collective Bargaining
Workers negotiate as a group with employer
Division of labor
Breaking a job down into separate tasks
Business Cycle
Economic expansion or contraction
Subsidies
Direct or indirect payments to individuals or firms