The Boom and its impact #2

Laissez-faire Approach

Republican governments in the 1920s adopted a hands-off approach with little regulation of businesses, banks, or the stock market.

Fordney-McCumber Tariff

A tariff introduced by Republican policies to protect US industries from foreign competition.

McNary-Haugen Bill

Legislation repeatedly proposed to assist struggling farmers by buying surplus farm products to stabilize prices and support farmers.

Wealth Disparity

Refers to the large wealth gap between the rich and poor, with the poorest 60% owning less than 5% of the wealth.

Urban Migration

Movement of farmers from rural areas to cities in search of work, contributing to urban poverty and challenges in finding housing and employment for certain groups like African Americans.