History Terms Ch 17

Chapter 17 The Jazz Age (1921-1929) Supply-side economics- a school of macroeconomic  design that argues that economic growth can be intimately efficaciously created by dejecting barriers for people to produce (supply) goods and services, such as depressing income tax and capital gains tax  order, and by allowing smashing flexibility by reducing regulation. According to supply-side economics, consumers will thence benefit from a greater supply of goods and services at lower prices. Typical policy recommendations of supply-side economics are lower marginal tax rates and less regulation. Cooperative individualism- a field of economics, socialist economics, co-operative studies, and political economy, which is concerned with co-operatives. A major historical debate in co-operative economics has been between federalism and co-operative individualism. In an Owenite village of cooperation or a commune, the residents would be some(prenominal) the producer s and consumers of its products. However, for a co-operative, the producers and consumers of its products go away cardinal divergent groups of people, and thus, there are cardinal different sets of people who could be defined as its users. Isolationism- Isolationism has endlessly been a debated political topic.

Whether or not a province should be or should not be isolationist affects both alimentation standards and the ability of political rulers to benefit favored firms and industries. Isolationism is separating yourself or a country from everything. Teapot Dome- the Teapot Dome Scandal was a graftin g disaster that took place in the United S! tates in 192223, during the government of death chair Warren G. Harding. Secretary of the Interior Fall leased navy petroleum reserves at Teapot Dome and two former(a) locations to private oil companies at low rates without agonistic bidding. In 1922 and 1923, the leases became the subject of a sensational investigating by Senator Thomas J. Walsh. Fall was later convicted of accepting bribes from the oil...If you deprivation to squeeze a full essay, order it on our website: OrderCustomPaper.com

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