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Government Policies, 1870-1895

AB
TariffA tax on imports.
Laissez-faireFrench for "let things alone;" refers to a policy of keeping the government out of the economy.
MonopolyOne company controls an entire industry.
Antitrust lawsPrevent cutthroat business practices and formation of monopolies.
SubsidyGovernment help of business, usually in the form of money.
ExternalitiesIn economics, the effects of a given action.
Credit MobilierA construction company that cheated taxpayers by selling materials at inflated prices to the Union Pacific Railroad.
ImmigrationPeople moving from one country to another one.


Pearland High School
Pearland, TX

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