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 around efficaciously created by dejecting barriers for people to produce (supply) goods and services, such as overturning income tax and capital gains tax  order, and by allowing coarse flexibility by reducing regulation. According to supply-side economics, consumers will hence 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 producers and consumers of its products. However, for a co-operative, the producers and consumers of its products generate cardinal opposite 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 dungeon 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 grafting misfortu ne that took place in the United States in! 192223, during the government of chair Warren G. Harding. Secretary of the Interior Fall leased  dark blue petroleum reserves at Teapot Dome and two separate locations to private oil companies at low rates without competitory 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 fixate a full essay, order it on our website: OrderCustomPaper.com

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