Business, Economy, and Government Policy, Page 2

After you have completed this section, you will be able to:

1. Analyze the consumer culture of the 1920s.
2. Describe the impact of the automobile on the economy.
3. Define key events during the Republican administrations of the 1920s.
4. Explain how the economy headed downhill during the 1920s.
5. Identify key dates and the contributions of key business people and politicians during the 1920s.
6. Define the following terms:

• Installment plans
• Fordney-McCumber Tariff
• Teapot Dome Scandal
• Isolationism
• Kellogg-Briand Pact
• Margin
• McNary-Haugen Bill
• Parity
• Subsidy