Causes of the Boom- Part 1

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The 'American Dream' was the idea of
promoting hard work as anyone has the potential to go from nothing to something
1 of 19
Who were famous for achieving the American Dream?
Carnegie and Rockefellor
2 of 19
What did the banking acts of 1863 and 1864 attempt to do?
assert some form of federal control over the banking system
3 of 19
The USA was rich in which natural resources?
Copper, Iron, Oil and Gold
4 of 19
The development of what after the Civil war allowed easier access?
Railways
5 of 19
Laissez- Faire is the policy of...
Leaving things alone
6 of 19
People favoured this policy as it had...
Limited inteference/ regulation in business
7 of 19
The Mid-West produced...
30% of the world's wheat and 75% of corn
8 of 19
The problem with this was...
Small farmer struggled to compete against larger ones
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Vertical Intergration was a method of production which was...
Where the company controlled all the stages of production and marketing of a product
10 of 19
There was huge influxs into the US between 1866-1915 of...
25 million people
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Between 1900- 1909 there was...
8 million immigrants
12 of 19
USA expanded its Empire by winning...
Spanish-American War (1898)
13 of 19
Tariffs are...
Government tax on imports and exports
14 of 19
Tariffs encourages people to...
buy products within own country rather than abroad
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USA did not join the war for this geographical reason.
They were nowhere near Europe so their borders were not threatened
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America involved itself in a limited amount of war, the only three it did was...
Britain 1812, Mexico 1848, Spanish-American War 1898
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American created a policy of...
Isolationism
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USA did not join the war due to immigration...
...as many immigrants did not want to fight their own country
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Other cards in this set

Card 2

Front

Who were famous for achieving the American Dream?

Back

Carnegie and Rockefellor

Card 3

Front

What did the banking acts of 1863 and 1864 attempt to do?

Back

Preview of the front of card 3

Card 4

Front

The USA was rich in which natural resources?

Back

Preview of the front of card 4

Card 5

Front

The development of what after the Civil war allowed easier access?

Back

Preview of the front of card 5
View more cards

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