Government Regulation (Crash Course)

Competing with foreign competition

High tariffs protect American business from what?

The Great Depression

In what time period were farm subsidies a big thing?

Railroads

The 1887 Interstate Commerce Act dealt with what industry?

FDR

The first big wave of government regulation happened with what president?

Nixon

The second big wave of government regulation happened with what president?

Gilded Age

The time period around the turn of the century from (Late 1800's to early 1900's) was known as what?

1. Promote stable market 2. Promote economic diversity 3. Promote business development 4. Protect consumers and employees

What are the goals of the government in terms of economics.

Direct and indirect

What are two types of subsidies

The Federal Reserve

What is the main tool the government uses to control inflation?

Tariffs and subsidies

What is the main way the government promotes business development?

Direct

Which kind of subsidy is more controversial