The American Vision Chapter 21 Key Terms
Kellogg-Briand Pact
Agreement that stated that all signing nations agree to abandon war and settle all disputes by peaceful means
Supply-Side Economics
Also known as "trickle-down" economics, the idea that lower taxes will boost the economy as businesses and individuals invest their money, thereby creating a higher tax revenue
Charles G. Dawes
American banker and diplomat; negotiated agreement with France, Britain, and Germany by which American banks and corporations would make loans to the Germans that would allow them to pay reparation payments which were lowered.
Charles Evans Hughes
American secretary of state; proposed waiting ten years before making any new warships and has a list of warships to be destroyed at the Washington Conference.
Columbia Broadcasting Company
Assembled a coast to coast network of stations to rival NBC
National Broadcasting Company
Established in 1926; established a network of permanent radio stations to distribute daily programs.
Model T
Ford's assembly line product affectionately called Tin Lizzie and Flivver which demonstrated the economic concept of elasticity
Assembly Line
Form of production that divides operations into simple tasks and cuts unnecessary motion to a minimum
Charles Lindbergh
Former airmail pilot who made an amazing transatlantic solo flight in 1927
Immunity
Freedom from prosecution
Albert B. Fall
Harding's secretary of the interior who leased land containing U.S. Navy Reserve oil to private interests and received more than $300,000 in bribes.
Cooperative Individualism
Idea which involved encouraging businesses to form trade associations that would voluntarily share information with the federal government
Mass Production
Large-scale manufacturing done with machinery, increased supply, and reduced costs
Robert M. La Follette
Progressive party candidate from Wisconsin
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
Isolationism
The idea that the United States will be safer and more prosperous if it stays out of world affairs
Moratorium
pause
Open Shop
A workplace where employees are not required to join a union
Teapot Dome
A famous scandal which began in 1922 when Harding's secretary of the interior secretly allowed private interests to lease lands containing U.S. Navy oil reserves in Wyoming and California, receiving bribes from private interests totaling more than $300,000
Progressive Party
A political party composed of farm, labor, and religious activists
Normalcy
A return to normal life after the war