Opening · •Regulation of RAILROADS . ... The "Robber (Barons" People's Party VOTE UNDER THE...
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Opening: • Standard 1 Key Figures • Have a piece of notebook paper BEFORE class. • Turn in any missing review guides. They will not be accepted after today!
Transcript of Opening · •Regulation of RAILROADS . ... The "Robber (Barons" People's Party VOTE UNDER THE...
Opening:
• Standard 1 Key Figures
• Have a piece of notebook paper BEFORE class.
• Turn in any missing review guides. They will not be accepted after today!
American Economics
First…
when we were still just colonies….
Salutary neglect till…
no taxation without representation
American Economics
Then…
after we were a country….
National Bank?
Federalists Alexander Hamilton
Anti-Federalists Thomas Jefferson James Madison
Taxes on whiskey?
No rebellion tolerated on GW’s watch!
North: factories/industrialism
South: cash crops/agriculture
West: cattle ranches
tariffs—taxes on imports to encourage purchase of American products
helps the North accepted by the West
hurts the South
(Civil War)
Makin’ money on the railroad
Gilded Age
Laissez faire
Monopolies
Rockefeller—Standard Oil
Robber Barons
Populists
• Graduated INCOME tax
• 8-hour work day
• Regulation of RAILROADS
Unions & Strikes
Beginning to control big business…
• Sherman Anti-Trust Act
• Clayton Anti-Trust Act
Imperialism—new markets
Income Taxes
After WWI…shop till ya drop
Oct. 29, 1929
No direct relief…wthHoover?
Alphabet Soup
WWII—mobilization of American economy
(end of Great Depression)
WWII & Rationing
OPEC & oil embargo
Ronald Reagan
Increased spending on defense
Reaganomics aka supply side economics
aka trickle down economics
NAFTA
