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Fiscal Policy:
Policy that controls the overall levels of spending and taxation. The extent to which gov runs a deficit or surplus.
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Laissez-faire
Economic idea or policy that says the gov should not interfer in the macroeconomy. Hands of or "let it be"
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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
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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
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Monetary policy
- Deals with the total amount of money and credit in economy
- Printing money and setting interest rates for example
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Loose Money
Fiscal policy of low interest rates in attempt to drive consumer spending
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Tight Money
Fiscal policy of high interst rates in order to slw down economy and prevent inflation
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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
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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
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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
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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)
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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
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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
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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
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Federalism
system in which govermental powers are divded between a central gov and smaller units such as states
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Confederal
loose association of states or territories in which very little or no power is lodged in central gov
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Unitary gov
system in which central gov has complete power over parts or states
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Bill of Rights
- First Ten Amendments to Constitution
- Concern protection of basic liberties
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Name and main policy concerns of my US House Member
- Luis Gutierrez
- Advocate for Labor rights and Immigrant rights
- Recent issue Income inequality
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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
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Classical Liberalism
- world made up of individuals driven by self interest to compete in markets in order to maximize wealth
- John Locke
- Adam Smith
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Classical Conservatism
- A focus on the family and traditional social order
- Patraiachy
- Edmund Burke
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Economic liberals
favor government regualtion of business and funding of social services
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Economic conservative
Favors less involvement og gov in business and society leaving more to pvt sector
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Social Liberal
- AKA as lifestyle Liberal
- Those who favor civil liberties, abortion rights and alternative lifestyles
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Social conservative
- AKA lifestyle conservatives
- Support traditional social values
- Support law and order measures
- Oppose abortion and gays
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Political alignment
Period in which one party repesents a set of ideas tha appeal to majority of country
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Dealignment
Period in which neither parties ideas resonate with a majority
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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
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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
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Winner take all single member districts
Districts represnted by one individual who only needs a majority of the vote to win
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Proportional representation
the people vote for parties those parties receive a share of legislators equal to share of vote.
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prospective voting model
- Requires responsible parties
- Voters pay attention and base desicions on canidates platforms and policies
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median voter model
parties cater to the median voter searching for exact middle of issues
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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
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Direct Action
- "acting as though you are already free"
- Not about protest
- AKA= "prefigurative politics"
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Tactics of social movements
- Disruption
- Persuausion
- Negotiation
- Direct action
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Disruption
Boycotts and civil disobedience
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Persuasion
- Persuade people in power and general public
- Expand the scope of conflict
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Voter registration
- Put in in 1890's
- Makes it harder for working class
- Today 40% of electorate unregistered
- 2/3 below median income
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Free rider problem
Why would any one participate in movement when benefits will g to everyone whether they participate or not
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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
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