what was andrew carnegie’s philosophy regarding passing on inherited wealth? why? should not be...
Post on 30-Dec-2015
215 Views
Preview:
TRANSCRIPT
What was Andrew Carnegie’s philosophy regarding passing on inherited wealth? Why?
Should not be done, passed on to charity instead
Which class of people enjoyed the greatest material wealth in
the Gilded Age?
The most wealthy (entrepreneurs)
How did these people demonstrate their wealth?
Extremely conspicuous consumption (parties, houses,
etc.)
The Jungle, Grapes of Wrath, and Unsafe at Any
Speed were books that had what effect on American
society?
Helped bring about reform
How did the United States respond to the perceived need for new markets and
new sources of raw materials in the late 1800’s?
Pursued a more imperialistic foreign policy
What did the United States do in order to eliminate
foreign influence in Cuba and gain access to the Philippines in the late
1800’s?
Fight the Spanish-American War
What presidential policy asserted the right of the
United States to intervene in Latin America whenever
it deemed it necessary?
Roosevelt Corollary (to the Monroe Doctrine)
What did Theodore Roosevelt do in order to
gain control of the Panama Canal zone?
Supported a revolution in Panama
What is the name for Taft’s foreign policy designed to
protect American investments?
Dollar Diplomacy
What is the major similarity between Wilson’s (14
Points) and Carter’s (Camp David) foreign policy?
Based on moral principles and a concern for human rights
Which two decades of the 20th century are most well
known as times when traditional social values
were challenged?
1920’s and 1960’s
Which union took a more responsible course and tried to achieve economic gains for its
members?
The AFL (led by Samuel Gompers)
What period was marked by mainstream purchases of radios, automobiles and
household appliances? What new technology pushed this?
The 1920’s, electricity in the home
Identify two new techniques used to increase consumerism
in the 1920’s.
Mail order catalogs, new marketing techniques,
extension of consumer credit (buying on installment plans)
What single event precipitated the start of the Depression?
stock market crash (loses ½ its value) due to over-inflated
prices
What were the two sources of bad debts that caused so many banks to fail at the start of the
Depression?
Loans to farmers and investments in the Stock
Market
What was Hoover’s basic approach to solving the problems of the Great
Depression?
Staying hands off, “rugged individualism”
Why was Hoover opposed to direct relief?
He thought it would create a large gov’t, hurt America’s
pride, and make people dependent
What were Hoover’s two attempts at direct gov’t action?
What did they try to do?
Federal Farm Board (loans and cooperatives) and the
Reconstruction Finance Corporation (loans to banks
and businesses)
What was the Dust Bowl?
destruction of millions of acres of farmland in OK & TX
because of drought and wind
Where did unemployment peak during the Great Depression? How much did GNP fall during
the Great Depression?
25% and 25%
What was FDR’s plan to solve the Great Depression called?
What did his election demonstrate?
the New Deal, voters wanted active government
involvement in the economy
What was the Agricultural Adjustment Administration
responsible for?
Regulating crop prices & productions with subsidies & by paying people not to farm
What was the primary purpose of the formation of
the SEC and the FDIC?
Restore faith in the stock markets and the banks
Who employed young men to work at road construction at
forest preservation?
Civilian Conservation Corps (CCC)
What did FDR try to do when the Supreme Court rejected parts of the New Deal? Why
was this criticized?
Pack the court (add six justices who agreed with his ideas),
violated system of checks and balances
What 1935 law guaranteed unions’ right to organize and bargain collectively? What 1947 law took many
of these rights away?
Wagner Act, Taft Hartley Act
Why did many conservatives criticize the
New Deal?
They felt it was interfering with Free Enterprise system
Who was the charismatic senator from Louisiana that
promised to “Share Our Wealth”? What happened to
him?
Huey Long, shot by a political rival
Who was Father Coughlin? Who did he blame the Great
Depression on?
Catholic “radio priest” in Detroit, Jewish bankers and
capitalists
The GI Bill and increased college education allowed for what major change in the workforce during the
1950’s?
A shift from blue collar to white collar jobs
What program allowed employers from California to
hire large numbers of Mexican workers after
WWII?
The Bracero Program
Which President found himself conflicted over labor policy because he wanted to
support workers but was afraid of slowing the
economy?
Truman (after WWII)
LBJ’s Great Society programs were designed to eliminate what? How were
they similar to the New Deal?
Poverty, massive government involvement
What kinds of communities began to grow after WWII that
really helped spur on materialism? What
ethnic/socioeconomic group moved there?
Suburbs, middle class whites
What crisis brought about stagflation and creation of the
Rust Belt?
the Energy crisis of the mid 1970’s
What is stagflation? What President was blamed for this
in the late 1970’s?
a combination of a stagnant economy and high inflation,
Carter
What was Reaganomics?
trickle down economics, tax cuts for the wealthy in the
hopes that their spending & investment would boost the
economy
What were two examples of corporate scandal in the late
1980’s?
the S&L scandal and insider trading scandals
Recent critics of Affirmative Action complain that it leads
to what?
Reverse discrimination (and quotas in hiring and college
admissions)
top related