Key topic 1 - Reasons for prosperity

Question 1

There were government policies introduced which encouraged business to develop with ______ restrictions, fuelling prosperity. There were three _______ presidents with each believing in as little as possible government involvement when running the economy. The basic government policy was _____-___, allowing the f____ m___ to operate independently.

Answer 1

. Minimal
. Republican
. Laissez-faire
. Free Market

Question 2

The treasury secretary, 1921 - 32, A____ M____ believed that wealth f______ down naturally to all classes and so believed the best way to increase living standards was to allow the rich to make money and _____.

Answer 2

. Andrew Mellon
. Filtered
. Invest

Question 3

Three main policies did mean intervening -
High tariffs . The fordney mccumber act, _____, raised ____ on ______ goods making it cheaper for american producers to buy products within the USA over _____.

Answer 3

. 1922
. Tariffs
. Imported
. Abroad

Question 4

Three main policies did mean intervening -
Tax reductions . The gov. _______ federal taxes significantly in 1924, 26 and 28. These benefited the ______ and over eight years Mellon handed out $. bill tax reductions to large corporations.

Answer 4

. Reduced
. Wealthy
. $3.5 bill

Question 5

Three main policies did mean intervening -
Fewer regulations . Alongside less personnel to ______ the regulations many in place laws were _____, those prosecuted often later won appeal, this lack of regulation bieng an important contributor to a business’ profits. There was no organization to stop ____ labour in textiles mills of southern states.

Answer 5

. Enforce
. Ignored
. Child