For Each Historical Identification Question, Define the Term and Briefly

question 64

Essay

For each historical identification question, define the term and briefly describe its historical significance.
-knights

Recognize the significance of urban centers and their growth in the American West by 1900.

Understand the role of the federal government and legislation in shaping the West.

Comprehend the cultural myths and realities of the West as propagated by figures like William "Buffalo Bill" Cody.

Acknowledge the challenges and dangers of life in the American West, including conflict, disease, and natural disasters.

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Definitions:

Discretionary Economic Policy

Economic policies that are based on the judgment and decisions of policymakers rather than set by predefined rules or automatic mechanisms.

Keynesians

Adherents to the economic theories of John Maynard Keynes, emphasizing the importance of total spending in the economy and government interventions to stabilize economic cycles.

Classical Economists

Early economic theorists who focused on the forces of supply and demand, competition, and free markets as the drivers of economic prosperity.

Monetarists

Economists who emphasize the role of governments in controlling the amount of money in circulation as the primary method for stabilizing the economy and combating inflation.