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Attempted by the founding fathers and encouraged by robber barons such as John D. Rockefeller.

Laissez Faire Capitalism

Eugene V. Debs was the head of this party that supported the government ownership of the major industries and utilities.

Socialism

Type of economic system often used in times of war – when the government dictates production and supply.

Command

FDR’s New Deal Programs made the US this

A welfare state

FDR used this approach to solve the economic problems of the Great Depression

Pump Priming

Used to describe monopolists like Rockefeller, Carnegie and Morgan in a negative way.

Robber barons

Monopolists favored this type of tariff to aid in their control of the US Economy

High

The federal government has jurisdiction over this type of trade

Interstate/International

This was the first labor union

Knights of LAbor

Term that describes the benevolent giving of the wealthy

Philanthropy

Believed that a national bank and the federal assumption of state revolutionary debt was essential to the growing nation

Alexander Hamilton

This President helped to pass the Federal Reserve Act which created a 3 tier banking system designed to stabilize the economy

Woodrow Wilson

This president believed in a Square Deal that gave equal benefits to the owners, workers and consumers

Teddy Roosevelt

These three republican presidents believed in supply side economics in the 1920s

Harding, Coolidge and Hoover

This President worked to achieve the major economic goal of the republicans since the beginning of the 1980s – federal tax cuts

Ronald Reagan

This type of unionism attempts to gain better wages and working conditions for their members

“Bread ad Butter”

Allowed workers the right to collectively bargain

The Fair Labor Relations Act/Wagner Connery Act

Passed in 1911 to better regulate the monopolies

Clayton Act

Federal program established to protect American savings.

FDIC

Federal program designed to protect American investments in the stock market

SEC

Court case that revolved around the Pullman strike – said that the US government could place an injunction on strikes

In re Debs

This crisis occurred during the Bush administration as banks gave out risky loans.

Savings and Loan Scandal

The Federal Reserve System can regulate these to prevent inflation

Interest Rates

To prevent high unemployment after WWII the US government put this in place to prevent a recession.

GI Bill

Court case that broke up a major railroad conglomerate

Northern Securities