Welfare Capitolism
Offering workers higher wages and some benefits
Speculation
Making high-risk investments in hopes of a high return
Buying on Margin
Paying part of a stocks price and borrowing the rest
Consumer economy
Depends on a large amount of consumers spending
Installment plan
A customer makes partial payments at set intervals overtime until it is paid off
Assembly line
Everyone does a different job, usually one they are advanced at
Vertical consolidation
Gaining the control of many different businesses that supple everything to make a product
How did Coolidge want the government?
Minimal role of gov. to keep business strong
Communism
-From Soviet Union
-complete government ownership of land and property
-single party control over the gov.
-lack of individual rights
-call for world wide revolution
Red Scare
A strong fear of Communism and the possibility of it coming here.
Isolationism
Void foreign business and association
Quota
Number of immigrants allowed into the US
Americans feared the communists because they were
Openly hostile to American values
The Palmer raids were organized to root out groups whose activities
Posed a clear danger to the country
Many Americans believed that communists were behind the
Labor strikes of 1919
Republican presidents in the 1920s generally favored
Business
Harding and Coolidge both based their foreign policy on a return to
Isolationism
Under the Kellogg- Briand Pact, 15 nations agreed not to use
The threat of war in their dealings with one another
In the 1920s many American consumers began to adopt the practice of
Buying goods on credit
Advertisements in the 1920/ changed from an emphasis on quality to an emphasis on
Consumer image
Henry fords dream was to sell cars that
Ordinary people could afford
Ford did not invent the assembly line, but he
Made it more efficient
Fords success came partly from
Vertical consolidation
The increase in automobiles led to the rise of new businesses such as
Motels and gas stations
The nations business took off in the 1920s, in part because of
Republican Laissez-Faire policies
When Hoover took office in 1929, most Americans expected
Prosperity to continue
Generally, the 1920s were marked by
Rising stock prices
Hoover did little to discourage the wild buying of stocks with borrowed money because he had high confidence in the
Business world
The huge rise in the stock market in the 1920s mainly benefited
The rich
Consumers desire for exciting new products led to
An increase in personal debt
Practices such as buying on a margin reflected Americans'
Get-rich-quick" attitude
Despite the prosperity of the 1820s, life remained hard for many
Farmers and factory workers