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63 Cards in this Set
- Front
- Back
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Who was Andrew Mellon?
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- chief architect of economic policy in the United States in the 1920s
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What did Andrew Mellon believe about high taxes?
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- they reduce the money available for private investments and prevented business expansion
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What would happen if taxes were lower?
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- business and consumers would spend and invest extra money
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What would happen as the economy grew?
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- Americans would earn more money and the government would actually collect more taxes at a lower rate
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What was cooperative individualism?
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-
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How much did wartime allies owe the United States by the end of the war, and for what?
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- more than $10 billion for food and armaments
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Why did the majority of Americans favor isolationism?
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- they were tired of being tangled up in Europe's hostile, dangerous politics
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Why was the United States unable to retreat into isolationism?
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- United States was too widely involved in international affairs and economically interconnected
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What was one reason the United States' former wartime allies had difficulty meeting the payment on their war debts?
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- allies could not sell their products to the US due to high tariffs and could not acquire the money needed to pay war debts
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Why was it vital that European economies be healthy?
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- because Europeans needed to buy American exports to repay their war debt
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Who was Andrew Mellon?
|
- chief architect of economic policy in the United States in the 1920s
|
|
|
What did Andrew Mellon believe about high taxes?
|
- they reduce the money available for private investments and prevented business expansion
|
|
|
What would happen if taxes were lower?
|
- business and consumers would spend and invest extra money
|
|
|
Who was Andrew Mellon?
|
- chief architect of economic policy in the United States in the 1920s
|
|
|
Who was Andrew Mellon?
|
- chief architect of economic policy in the United States in the 1920s
|
|
|
What would happen as the economy grew?
|
- Americans would earn more money and the government would actually collect more taxes at a lower rate
|
|
|
What did Andrew Mellon believe about high taxes?
|
- they reduce the money available for private investments and prevented business expansion
|
|
|
Who was Andrew Mellon?
|
- chief architect of economic policy in the United States in the 1920s
|
|
|
Who was Andrew Mellon?
|
- chief architect of economic policy in the United States in the 1920s
|
|
|
What was cooperative individualism?
|
-
|
|
|
What did Andrew Mellon believe about high taxes?
|
- they reduce the money available for private investments and prevented business expansion
|
|
|
What would happen if taxes were lower?
|
- business and consumers would spend and invest extra money
|
|
|
What did Andrew Mellon believe about high taxes?
|
- they reduce the money available for private investments and prevented business expansion
|
|
|
What did Andrew Mellon believe about high taxes?
|
- they reduce the money available for private investments and prevented business expansion
|
|
|
What would happen if taxes were lower?
|
- business and consumers would spend and invest extra money
|
|
|
What would happen if taxes were lower?
|
- business and consumers would spend and invest extra money
|
|
|
What would happen as the economy grew?
|
- Americans would earn more money and the government would actually collect more taxes at a lower rate
|
|
|
How much did wartime allies owe the United States by the end of the war, and for what?
|
- more than $10 billion for food and armaments
|
|
|
What would happen if taxes were lower?
|
- business and consumers would spend and invest extra money
|
|
|
What would happen as the economy grew?
|
- Americans would earn more money and the government would actually collect more taxes at a lower rate
|
|
|
What would happen as the economy grew?
|
- Americans would earn more money and the government would actually collect more taxes at a lower rate
|
|
|
What was cooperative individualism?
|
-
|
|
|
Why did the majority of Americans favor isolationism?
|
- they were tired of being tangled up in Europe's hostile, dangerous politics
|
|
|
What would happen as the economy grew?
|
- Americans would earn more money and the government would actually collect more taxes at a lower rate
|
|
|
What was cooperative individualism?
|
-
|
|
|
How much did wartime allies owe the United States by the end of the war, and for what?
|
- more than $10 billion for food and armaments
|
|
|
What was cooperative individualism?
|
-
|
|
|
What was cooperative individualism?
|
-
|
|
|
Why was the United States unable to retreat into isolationism?
|
- United States was too widely involved in international affairs and economically interconnected
|
|
|
How much did wartime allies owe the United States by the end of the war, and for what?
|
- more than $10 billion for food and armaments
|
|
|
Why did the majority of Americans favor isolationism?
|
- they were tired of being tangled up in Europe's hostile, dangerous politics
|
|
|
How much did wartime allies owe the United States by the end of the war, and for what?
|
- more than $10 billion for food and armaments
|
|
|
How much did wartime allies owe the United States by the end of the war, and for what?
|
- more than $10 billion for food and armaments
|
|
|
What was one reason the United States' former wartime allies had difficulty meeting the payment on their war debts?
|
- allies could not sell their products to the US due to high tariffs and could not acquire the money needed to pay war debts
|
|
|
Why was the United States unable to retreat into isolationism?
|
- United States was too widely involved in international affairs and economically interconnected
|
|
|
Why did the majority of Americans favor isolationism?
|
- they were tired of being tangled up in Europe's hostile, dangerous politics
|
|
|
Why did the majority of Americans favor isolationism?
|
- they were tired of being tangled up in Europe's hostile, dangerous politics
|
|
|
Why did the majority of Americans favor isolationism?
|
- they were tired of being tangled up in Europe's hostile, dangerous politics
|
|
|
Why was it vital that European economies be healthy?
|
- because Europeans needed to buy American exports to repay their war debt
|
|
|
What was one reason the United States' former wartime allies had difficulty meeting the payment on their war debts?
|
- allies could not sell their products to the US due to high tariffs and could not acquire the money needed to pay war debts
|
|
|
Why was the United States unable to retreat into isolationism?
|
- United States was too widely involved in international affairs and economically interconnected
|
|
|
Why was the United States unable to retreat into isolationism?
|
- United States was too widely involved in international affairs and economically interconnected
|
|
|
Why was the United States unable to retreat into isolationism?
|
- United States was too widely involved in international affairs and economically interconnected
|
|
|
What was one reason the United States' former wartime allies had difficulty meeting the payment on their war debts?
|
- allies could not sell their products to the US due to high tariffs and could not acquire the money needed to pay war debts
|
|
|
Why was it vital that European economies be healthy?
|
- because Europeans needed to buy American exports to repay their war debt
|
|
|
What was one reason the United States' former wartime allies had difficulty meeting the payment on their war debts?
|
- allies could not sell their products to the US due to high tariffs and could not acquire the money needed to pay war debts
|
|
|
What was one reason the United States' former wartime allies had difficulty meeting the payment on their war debts?
|
- allies could not sell their products to the US due to high tariffs and could not acquire the money needed to pay war debts
|
|
|
Why was it vital that European economies be healthy?
|
- because Europeans needed to buy American exports to repay their war debt
|
|
|
Why was it vital that European economies be healthy?
|
- because Europeans needed to buy American exports to repay their war debt
|
|
|
Why was it vital that European economies be healthy?
|
- because Europeans needed to buy American exports to repay their war debt
|
|
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What were the two elements of Charles G. Dawes' 1924 agreement with France, Britain and Germany?
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- 1) American bank would make loan to the Germans for their reparations
-2) Britain and France would accept less in reparations and pay more on war debt |
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What did Charles Evans Hughes propose?
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- a 10 year moratorium on the construction of major new warships
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What was the Kellogg-Briand Pact?
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- outlawed war
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