Chapter 10- Jazz Age Flashcards
Teapot Dome
Began in early 1922 when Hardings secretary of the interior, Albert B. Fall, secretly allowed private interests to lease lands containing US Navy oil reserves.
Investigation
the act or process of investigating or the condition of being investigated.
Revelations
something revealed or disclosed, especially a striking disclosure, as of something not before realized.
Supply-side economies
Trickle-down economies.
Americans would earn more money, and the government would collect more taxes at a lower rate than it would if it kept tax rates high.
Cooperative individualism
a field of economics, socialist economics, co-operative studies, and political economy, which is concerned with co-operatives.
Isolationism
A policy of remaining apart from the affairs or interests of other groups, esp. the political affairs of other countries.
Charles G. Dawes
An American diplomat that negotiated an agreement with France, Britain, and Germany by which American banks would make loans to Germany that would enable it to make reparation payments
Charles Evan Houghs
Proposed a 10-year moratorium, or halt, on the construction of new warships
Kellogg-Briand Pact
Pact signed by the US and 14 other nations on August 27, 1928. The pact was hailed as a victory for peace.
Mass production
Large scale manufacturing dome with machinery, increased supply and reduced costs.
Assembly lines
A series of workers and machines in a factory by which a bunch of identical items are assembled.
Model T
Fords assembly lime product, the first automobile. It sold for $850 in 1908
Disposable
Something intended to be used once and then thrown away.
Charles Lindbergh
Former airmail pilot who made an amazing transatlantic solo flight in 1927, he showed the possibilities of aviation for commercial use.
Credit
The ability to obtain goods or services before payment, based on the trust that payment will be made in the future: “unlimited credit”.
Welfare capitalism
the combination of a capitalist economic system with a welfare state
Open shop
A workplace where employees were not required to join a union
Nativism
The belief that ones native land needs to be protected from immigrants.
Anarchists
People who oppose all forms of government.