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ush 6
20 terms
| Term | Definition |
|---|---|
| Supply-side economics | economic theory that lower taxes will boost the economy as businesses and individuals invest their money, thereby creating higher tax revenue |
| Isolationism | a national policy of avoiding involvement in world affairs |
| Mass production | the production of large quantities of goods using machinery and often an assembly line |
| Assembly line | a production system with machines and workers arranged so that each person performs an assigned task again and again as the item passes before him or her |
| Model T | automobile built by the Ford Motor Company from 1908 until 1927 |
| Welfare capitalism | system in which companies enable employees to buy stock, participate in profit sharing, and receive benefits such as medical care common in the 1920s |
| Open shop | a workplace where workers are not required to join a union |
| Anarchist | a person who believes that there should be no government |
| Evolution | the scientific theory that humans and other forms of life have evolved over time |
| Creationism | the belief that God created the world and everything in it, usually in the way described in Genesis |
| Speakeasy | a place where alcoholic beverages are sold illegally |
| Speculation | act of buying stocks at great risk with the anticipation that the price will rise |
| Mass media | a medium of communication (as in television and radio) intended to reach a wide audience |
| Jazz | American style of music that developed from ragtime and blues and that uses syncopated rhythms and melodies |
| Blues | style of music evolving from African American spirituals and noted for its melancholy sound |
| Stock market | a system for buying and selling stocks in corporations |
| Bull market | a long period of rising stock prices |
| Margin | buying a stock by paying only a fraction of the stock price and borrowing the rest |
| Bank run | persistent and heavy demands from a bank's depositors, creditors, or customers |
| Installment | buying an item on credit with a monthly plan to pay off the value of the good |
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