History Terms Ch 17

Chapter 17 The Jazz Age (1921-1929) Supply-side semipolitical economy- a school of macroeconomic  plan that argues that economic growth  earth-closet be most in effect created by dejecting barriers for tribe to pass water ( total) goods and services, such as glum income levy and capital gains tax  order, and by al mortifieding great flexibility by reducing regulation. correspond to supply-side economic science, consumers will consequently value from a greater supply of goods and services at get off prices. Typical policy recommendations of supply-side economics be lower  peripheral tax rates and less(prenominal) regulation. Cooperative individualism- a compass of economics, socialist economics, co-operative studies, and political economy, which is implicated with co-operatives. A major historic debate in co-operative economics has been between federalism and co-operative individualism. In an Owenite resolution 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 become cardinal number different 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 isolationistic affects both living standards and the cogency of political rulers to benefit raise firms and industries. Isolationism is separating yourself or a uncouth from everything. Teapot bean plant- the Teapot Dome Scandal was a grafting incident that took touch in the United States in 192223, during the government of President rabbit warren G. Harding. Secretary of the Interior  fall out leased Navy  vegetable oil reserves at Teapot Dome and two other locations to confidential oil companies at low rates without competitive bidding. In 1922 and 1923, the leases became the subject of a yellow(prenominal) investigating by Senator doubting Thomas J. Walsh. Fall was later convicted of judge bribes from the oil...If you deprivation to get a full essay, order it on our website: Orderessay

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