FDR and the American Response to the Gathering Storm in Europe
o If a dog makes a dash for my trousers, I shoot him down before he can bite.
Why take the risk?
o I have nothing to offer but blood, toil, tears, and sweat. (
Benefits of budgeting
Communicates managers plans throughout the entire organization
Forces managers to think about the plan for the future
Provides a means of allocating resources to parts of the organization that need them
Can uncover potential bott
FDR and the New Deal
Actually doesnt cure the depression, but it does help people.
o Relief, Recovery, and Reform (one way you can look at/categorize the
plethora of programs)
Sometimes people need instant results. Theyre starving, need
a place t
Economics The study of human action under conditions of scarcity.
o How to ration scarce goods
Private vs. Public
Why study Economics?
o It explains human action and
How do we assign overhead to jobs?
o Factory insurance, factory rent, factory maintenance, indirect labor, indirect
materials; actual costs.
Use of a predetermined overhead rate.
o Set at the beginning of the year.
o Estimated total overhead
Evolution of Progressivism
o Local State National
o National progressivism
Republican Roosevelt, Taft
Progressivism as Social Control
o Nativism - Policy of favoring native inhabitants as opposed to immigrants
Breaking off the fangs of capitalism: Organized labor in late nineteenth-century
Economic Expansion, 1870s-1890s
o Mechanized factories
o More productivity = higher wages
o Monotony of work
o Some reasons for worker agitation
Length of workd
American History since 1877
Study Guide, Mid-Term (100 Points Total)
The mid-term exam will consist of Multiple Choice and Essay portions.
Multiple Choice assesses your command of the assigned readings.
The Essay Porti