Republican policies Flashcards
1
Q
When was the Republican Party in control of government?
A
1920 - 32
2
Q
What is laissez-faire?
A
This meant that the government did as little as possible to interfere in people’s everyday lives; businessmen should be free to make profits
3
Q
What are tariffs?
A
Putting taxes on imports made foreign goods more expensive for Americans to buy than home- produced goods; that helped American industry to thrive
4
Q
What did low taxation lead to?
A
With lower taxes people would have more money left to spend, which helped industrial growth; rich businessmen benefitted the most