Republican Policies Flashcards
1
Q
What are the 5 republican policies?
A
Normalcy Low taxation Trusts Import tariffs Laissez faire
2
Q
What is laissez faire
A
Where the government stayed out of business affairs allowing industry to grow without interference
3
Q
What is import tariffs
A
Taxes on foreign goods which made them more expensive so people bought cheaper American goods
4
Q
What is normalcy?
A
Staying out of the world politics and problems
5
Q
What is Low taxation
A
Helped people by giving them more cash to spend
6
Q
What are trusts
A
Where huge super corporations dominated by businessmen such as Rockefeller and Carnegie who made decisions to help their industry grow
