Unit 10: The 1920's: The Republican Era Vocab part 2

Normalcy

a return to pre-war conditions, emphasizing stability, conservatism, and a focus on domestic issues in American society

Free Enterprise System

private ownership of property, including land and resources

Fiscal Policy

the government's use of taxation and spending to influence the economy, aiming to promote economic stability and growth. prices plunged and unemployment dropped to only 2%

Teapot Dome Scandal

a bribery scandal involving the secret leasing of federal oil reserves in the 1920s that exposed corruption in the Harding administration, which led to significant political fallout and ruined Harding’s reputation

Inheritance Taxes

taxes imposed on the value of property inherited after someone's death, aimed at generating revenue for the government and addressing wealth inequality

Isolationism

a foreign policy approach that emphasizes non-involvement in international conflicts and a focus on domestic affairs, prevalent in the United States during the 1920s

Disarmament

the reduction or elimination of military weapons and forces, aimed at promoting peace and stability, particularly during the post-World War I era

Washington Naval Conference

a 1921 meeting among major naval powers (US, Britain, France, Italy, & Japan) that aimed at limiting naval armaments and preventing an arms race, resulting in significant treaties

Kellogg-Briand Pact

an agreement signed in 1928 by multiple nations, including the US and France, that condemned war as a means of resolving conflicts and promoted peaceful solutions

Dawes Plan

the US loans money to Germany so they can repay Great Britain and France, who then pay that money back to the US. then, Germany would eventually have to pay America back that money

Consolidation

the process of combining smaller businesses into a larger one to increase efficiency and reduce competition

Holding Companies

a company whose primary business is owning a controlling share of stock in other companies

Florida Land Boom

a period of rapid economic growth and speculation in the Florida real estate market during the 1920’s

Speculators

sophisticated investors or traders who purchase assets for short periods of time and employ strategies in order to profit from changes in the price of those assets

Dow Jones International Average

a price-weighted average of 30 significant stocks traded on the New York Stock Exchange (NYSE) and the NASDAQ

Gross National Product

the total value of all the final goods and services made by a nation's economy in a specific time (usually a year)