Study sets, textbooks, questions
Upgrade to remove ads
FHCE chap 2
Terms in this set (42)
Adam Smith Wealth of Nations 1776
consumers will make choices that give them the greatest amount of satisfaction. He was a proponent of the "invisible hand" minimizing government intervention in the marketplace
Rational Choice Theory
it assumes that individuals choose the best action according to stable preference functions and constraints facing them
when a person pays an extremely high price for a product for its prestige value.
a persistent market situation where there is only 1 provider of a product or service
railroads (Pacific Railway Company) and Telephones (Bell became AT&T)
wrote: "unsafe at any speed"
workers rights. Equal Pay for equal work. nutrition labels and "sell before" labels for food products.
Susan B Anthony asked for equal pay for women teachers. She played a pivotal role in the 19th-century women's right movement to introduce women's suffrage to U.S.
The first women's rights meeting in the United States held at Seneca Falls, New York, itself followed several decades of the quietly emerging egalitarian spirit among women.
Susan B Anthony argued this amendment already gave women the right to vote
first woman in MA to achieve a college degree;first woman to marry and keep her own last name
insisted the word "obey: be dropped from her marriage ceremony
WYoming territory passed law permitting women to vote
december 10, 1869
republican party platform made reference to women's suffrage
Anthony and others attempt to vote and get arrested
19th amendment gave women the right to vote
August 26, 1920
new England UNions condemn child labor law
fist state child labor law
states begin limiting children's work days (10 hrs only)
Newly formed AFL supports state minimum age laws to 14 yrs.
legislature set maximum hrs of labor for children to 55 hrs a week
federal regulation of child labor achieved in Fair Labor Standards Act
First Nationa Consumer's league formed (NCL)
wrote "the jungle" to expose the working conditions of Chicago meat packaging houses
interstate commerce act
sherman antitrust act
pure food and drug act; meat inspection act
the elixir sulfanilamide disaster was a mass poisoning in the US
John Kenneth Galbraith
wrote Affluent Society; called for less emphasis on production and more on public service.
federal communications commission- reguates communications by radio, television, wire, satellite, and cable.
federal food, drug, and cosmetic act; regulates product ingredients
CPSC - consumer product safety commission established in
president Kennedy's consumer message in 1962
enunciated the :consumer Bill of Rights"
the federal fair packaging and labeling act
the federal truth in lending act
wrote the "silent spring" 1962. inspired widespread concerns about pollution
Kefauver-Harris Drug Amendment required drug companies register with FDA
National Traffic and motor vehicle safety act
wholesome meat act
wholesome poultry products act
child protection and toy safety act
Consumer Financial Protection Bureau (CFPB) July 21, 2011
Elizabeth Warren was chosen by President Obama to set up the new CFPB
Other sets by this creator
International Exam 1
LEGAL EXAM III
micro exam 3
FHCE Exam 1: Chapter 1
Recommended textbook solutions
Fundamentals of Engineering Economic Analysis
David Besanko, Mark Shanley, Scott Schaefer
Human Resource Management
John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine
Mathematics with Business Applications
Politics in States and Communities
Susan A. MacManus, Thomas R. Dye
Other Quizlet sets
Pharm test #2
Home Inspection Course
L1: CNS Diseases- parkinsons and alzheimers