lets gooo
An economic system where the government interferes with the economy as little as possible, and wealth is created through privately-owned business
A person who sets up a business or businesses
The action of banning something by law (in this topic, alcohol)
Congress is made up of the Senate and the House of Representatives. Congress and the President run the country
This is made up of judges who are usually very experienced lawyers.
Someone who accompanies and looks after another person
the name given to communism in russia
the act of making changes to the constitution
This lays out how the government is supposed to operate and what it is allowed to do
causes of the economic boom: LACKPANTS
to do nothing. the government believed they should play as little part as possible in the economy
A new method invented by Henry Ford
paying for goods in instalments
creation of new technology and inventions
The USA was the richest country in the world after WW1
Used extensively in this period
Creation of fridges, radios etc which were cheap to purchase
Putting taxes on foreign goods
buying shares in companies in order to make a profit