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