Term Definitions/Examples Historical Time Period Laissez-faire economics Limited government Late 19th involvement, Price fixing, century/Gilded Age problem of monopolies Era of 16th Amendment, antitrust Progressive Era Reforms/Regulations laws and other reforms Interventionist state New Deal Programs/ Support Great Depression for labor unions Deregulation Reduction in market control 1970s-1990s for Airlines/banking and finance Deficit spending John Maynard Keynes Post 2008 recession Supply side economics Tax cuts, spending cuts, 1980s/1920s trickle-down economics (TARP) Temporary $700 Billion bailout of 2008 Assets Relief Program financial industry Dodd-Frank/Consumer Reduce the risk associated 2011 Protection Act with international interconnectedness of finical institutions (TANF) Temporary Funding welfare as block 1996 Assistant For Needy grants to the states Families Social Security Support for 1939,1956 elderly/disabled/unemployed (SNAP) Supplemental Food assistance for the poor 1939-1943 Nutrition Assistance Program American Recovery and $787 Billion to create jobs 2009 Reinvestment Act through deficit spending Federal Reserve Lower the discount rate, set 1913 System reserve requirements, control open market operations Second Liberty Bond Created the first debt ceiling 1917 Act Revenue Act Reduce personal and 1964 corporate income tax rates
Term Definitions/Examples Historical Time Period Laissez-faire economics Limited government involvement, Price fixing, problem of monopolies Late 19th century/Gilded Age Era of Reforms/Regulations 16th Amendment, antitrust laws and other reforms Progressive Era Interventionist state New Deal Programs/ Support for labor unions Great Depression Deregulation Reduction in market control for Airlines/banking and finance 1970s-1990s Deficit spending John Maynard Keynes Post 2008 recession Supply side economics Tax cuts, spending cuts, trickle-down economics 1980s/1920s (TARP) Temporary Assets Relief Program $700 Billion bailout of financial industry 2008 Dodd-Frank/Consumer Protection Act Reduce the risk associated with international interconnectedness of finical institutions 2011 (TANF) Temporary Assistant For Needy Families Funding welfare as block grants to the states 1996 Social Security Support for elderly/disabled/unemployed 1939,1956 (SNAP) Supplemental Nutrition Assistance Program Food assistance for the poor 1939-1943 American Recovery and Reinvestment Act $787 Billion to create jobs through deficit spending 2009 Federal Reserve System Lower the discount rate, set reserve requirements, control open market operations 1913 Second Liberty Bond Act Created the first debt ceiling 1917 Revenue Act Reduce personal and corporate income tax rates 1964