Card Set Information

2013-03-06 19:46:42

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  1. Fiscal Policy:
    Policy that controls the overall levels of spending and taxation. The extent to which gov runs a deficit or surplus.
  2. Laissez-faire
    Economic idea or policy that says the gov should not interfer in the macroeconomy. Hands of or "let it be"
  3. Keynesian
    • AKA= Demand side or Demand stimulus
    • Economic policy that beleives that in times of economic crisis the government should either borrow or tax to put money in hands of consumers who will spend and stimulate economy
  4. Supply side Economics
    • AKA= Supply stimulus
    • Economic policy that belives that governement spending inhibits private spending
    • Gov should create a favorable investment climate by cutting taxes and deregulating
  5. Monetary policy
    • Deals with the total amount of money and credit in economy
    • Printing money and setting interest rates for example
  6. Loose Money
    Fiscal policy of low interest rates in attempt to drive consumer spending
  7. Tight Money
    Fiscal policy of high interst rates in order to slw down economy and prevent inflation
  8. Federal reserve Board
    • 8 members 7 govenors and 1 chairperson
    • Govenors appointed to 14 year terms to insulate them from political pressure (most leave brfore the term is up)
    • Chairperson Appointed to 4 year term but offset from president to avoid massive changes in policy
  9. Federal reseerve boards tools
    • Print Money
    • Discount rate-what fed charges when banks borrow from them
    • Reserve Requirement- percentage of deposits banks must have available
    • Open Market operations-Fed purchases Gov debt
  10. Articles of confederation
    • Passed by the second contiental congress in 1777
    • Ratified by enough states in 1781
    • Creates a loose confederation of independent states with little central power
  11. Constitution of 1787
    • Adopted to fix problems in articles of confederation
    • The Conneticut compromise bridged difference between Virgina plan (favored populous states and a strong national legislature)
    • New Jersey Plan (unicameral legislature with one delegate per state regardless of pop)
  12. Electoral college
    • The compromise that was arrived at because none of the framers really liked the idea of a direct national election
    • Idea was that the state legislatures would control process
  13. Seperation of powers
    the idea that the functions of gov Executive, Legislative and Judical are broken up into seperate and independent parts of the government
  14. Checks and Balances
    • The ways in which the different branches of government can check each other for example
    • President can veto legislature
    • Judicary can excersize Judical review
    • House can impeach and senate can try president
  15. Federalism
    system in which govermental powers are divded between a central gov and smaller units such as states
  16. Confederal
    loose association of states or territories in which very little or no power is lodged in central gov
  17. Unitary gov
    system in which central gov has complete power over parts or states
  18. Bill of Rights
    • First Ten Amendments to Constitution
    • Concern protection of basic liberties
  19. Name and main policy concerns of my US House Member
    • Luis Gutierrez
    • Advocate for Labor rights and Immigrant rights
    • Recent issue Income inequality
  20. Judicial review
    • the power of the supreme court to declare actions of the other branches and levels of gov unconstitutional
    • First asserted by court in Marbury V Madison
  21. Classical Liberalism
    • world made up of individuals driven by self interest to compete in markets in order to maximize wealth
    • John Locke
    • Adam Smith
  22. Classical Conservatism
    • A focus on the family and traditional social order
    • Patraiachy
    • Edmund Burke
  23. Economic liberals
    favor government regualtion of business and funding of social services
  24. Economic conservative
    Favors less involvement og gov in business and society leaving more to pvt sector
  25. Social Liberal
    • AKA as lifestyle Liberal
    • Those who favor civil liberties, abortion rights and alternative lifestyles
  26. Social conservative
    • AKA lifestyle conservatives
    • Support traditional social values
    • Support law and order measures
    • Oppose abortion and gays
  27. Political alignment
    Period in which one party repesents a set of ideas tha appeal to majority of country
  28. Dealignment
    Period in which neither parties ideas resonate with a majority
  29. New deal party system
    • 1932-1968
    • Economoic growth and justice
    • Keynesinism
    • Anti-fascist and after war ant-communist
    • Democrats, urban working class, trade unions, catholics, jews, blacks, solid south
  30. Reagen system
    • Economic growth and freedom; race; gender; sexuality, immigration, christianity; military strength
    • Deregulation and defunding of goverment, supply side stimulus
    • Republicans, white men, protestants,solid south, plains states and rural west, college educated, upper third of income, white fundamentalist christians
  31. Winner take all single member districts
    Districts represnted by one individual who only needs a majority of the vote to win
  32. Proportional representation
    the people vote for parties those parties receive a share of legislators equal to share of vote.
  33. prospective voting model
    • Requires responsible parties
    • Voters pay attention and base desicions on canidates platforms and policies
  34. median voter model
    parties cater to the median voter searching for exact middle of issues
  35. retrospective voting model
    Voter looks back over last four years and rewards or punishes politican for how well or not things have gone for that person
  36. Direct Action
    • "acting as though you are already free"
    • Not about protest
    • AKA= "prefigurative politics"
  37. Tactics of social movements
    • Disruption
    • Persuausion
    • Negotiation
    • Direct action
  38. Disruption
    Boycotts and civil disobedience
  39. Persuasion
    • Persuade people in power and general public
    • Expand the scope of conflict
  40. Voter registration
    • Put in in 1890's
    • Makes it harder for working class
    • Today 40% of electorate unregistered
    • 2/3 below median income
  41. Free rider problem
    Why would any one participate in movement when benefits will g to everyone whether they participate or not
  42. Reasons that social movements succed or fail
    • Proximity of movements goals to american values, asking for expansion of rights
    • Movements capacity to win public attention and support
    • movements ability to affect the political fortunes of elected leaders