Economic decisions are shared by the govt & the people
Transcript
Mixed Economy Economic decisions are shared by the govt & the people
Market EconomyEconomic decisions
are made by individuals or the
open market.
Laissez-faireHands off—no govt
intervention in business
Tariff
Tax on imports
Traditional economyEcon. decisions made
by customs, religion, & other ideas handed down generation to
generation.
Command economyEconomic decisions
are made by the government
tradeA purchase or sale
made with or without money
importGoods coming into a
country(In=Import)
ExportGoods going out of a
country(Exit=Export)
Embargo/BlockadeGovt restiction of
business/trade
ConstitutionThe United States’
Supreme Law of the Land
Legislative BranchBranch that makes
the laws (Congress= Senate +
House of Rep)
Executive BranchBranch that enforces
the law(Pres, military, law
enforcement)
Judicial branch Branch that interprets
the laws, makes sure they abide by the Constitution
(Supreme Court)
Checks & BalancesSystem put into place
to make sure the 3 branches of govt do no become too powerful
Amend 1Freedom of press, speech, petition,
assembly, & religion
libelPrinting things that
are lies is not freedom of the
presss
slanderSaying things that
you know are lies is not freedom of
speech
Amend 13Abolishing
slavery
Amend 14Everyone born in the US or naturalized are citizens; due process
of law
Amend 15African Amer. men
are given the right to vote
Amend 16Congress can
order/collect income tax
Amend 17Direct election of
senators
Amend 18Prohibition
Amend 19Women’s right to
vote
Amend 24Poll taxes
are banned
Amend 26Lowered the voting age to 18 (from 21)
Enlightenment17th century intellectual movement that worked to limit the power of the
govt & church
John LockeBeliever in natural rights: life, liberty,
property (now pursuit of happiness in our
constitution)
MontesquieuBelieved in the
separation of powers (3 branches of govt)
VoltaireFreedom
of speech
Absolute MonarchyForm of govt in
which the king/queen has all of
the power
Presidential Democracy
Form of govt in which people vote for most things, including the
leader
DictatorshipForm of govt in which
the leader usually takes over by military force &
has all the power
Parliamentary Democracy
Form of govt in which people vote for the leg.
body, which in turn selects the prime minister
Constitutional Monarchy
Form of govt in which the king/queen’s power is limited by written law
TheocracyForm of govt ruled by
religious leaders
AbsolutismHaving complete &
unrestricted power in govt (monarch)
Divine RightA ruler’s belief that God gave them the right to have power
over a country
OligarchyGovt in which a few
people have all of the power
PopulistsReform group that
represented the farmers
ProgressivesReform group that tried to end child
labor & limit power of big businesses
ImmigrationMoving into a new a new country to settle
(i=in)
EmigrationMoving out of a
country to settle in another(e=exit)
Industrial RevolutionChange in the way things were made; made in factories
instead of by hand
Assembly LineAllows mass
production, and prices to fall as
supply increases
slumsTenements; extreme poor living conditions
caused by rapid urbanization
MonopolyWhen one company
completely dominates an
industry
urbanizationPeople moved from
rural areas to cities in order to be closer to
factories
Labor UnionsCreated in response to
horrible working conditions; fought for better pay & working
conditions
NAACPGroup fighting for African American
rights
suffrageThe right to vote
cooperativeGroup that pools
members resources to sell products directly to
markets & buy goods at wholesale prices
subsidyGovt payment made
to farmers
KickbackPayments of part of the earnings of a job
(not always legal!)
graftAcquisition of money or political power through
illegal/dishonest methods
reparationsHigh payments
Germany had to make bc it lost WWI
League of NationsPeace keeping
organization after WWI that was unsuccessful
imperialismOne country taking
over another to gain power
White Man’s BurdenIdea that white man
must “civilize” undeveloped nations
Open Door PolicyPolicy of equal trading rights for all countries
within China; proposed by US, not China
nationalismStrong love &
devotion for ones country
militarismCompetition of
creating the most powerful combat
group
alliancesCountries making
agreements to assist each other in times
of need
isolationismThe US stance on foreign
policy after WWI—if a conflict didn’t involve us, we were staying out of it
4 Causes of WWIMilitarismAlliances
ImperialismNationalism
Fourteen PointsWilson’s plan for
peace following WWI
Treaty of VersaillesTreaty to end WWI—very harsh towards
Germany
Harlem RenaissanceA literary & artistic
movement in the 1920s in which African Amer.
Brought their culture to the north
Great MigrationMovement of African American from South
to north for jobs
Red Scare Fear of communism in the US during the
1920s
Great Depression*Stock market crash
*bank failure*overproduction
*overspending/debt*High unemployment
New DealPrograms/policies set
up in 1930s by FDR to help social reform & economic recovery
NATOAlliance of
democratic nations following WWII
Warsaw PactAlliance of communist
dictatorships following WWII
IsraelNew nation created
for Jews fleeing Europe during WWII
Pearl HarborUS naval base that was attacked which
led to the US involvement in WWII
United NationsPeace keeping
organization created after WWII. The US
joined this organization.
HolocaustHitler’s mass
extermination of Jews & other undesirables
AppeasementGiving into Hitler’s
demands in hopes that he would be satisfied
& prevent a war
SocialismEconomic system where the govt or workers own
most of the factories, utilitites, transportation,
& communication systems
Axis/Central PowersMilitary alliance
between Germany & Italy during WWII,
later joined by Japan
Allied PowersAlliance between
Great Britain & France in WWII, later joined by US & Soviet Union
Internment CampCamps where
Japanese-Americans were relocated
forcibly during WWII
Atomic bombsMassive bomb created by
the Manhattan Project, dropped on Hiroshima &
Nagasaki, Japan that led to the end of WWII
Baby BoomersLarge increase in
birthrate following WWII (as many soldiers come home from war)
Marshall PlanThe US plan to offer European countries
financial assistance to set up democracies
Korean/Vietnam Wars2 Cold War wars in which
the North was Communist, and the US helped the democratic
south
Truman DoctrineThe US pledge to
fight the spread of communism at all
cost
Cold WarBattle between the
US & the USSR between democracy
& communism
CommunismDuring the Cold War, the Soviet
Union wanted new countries to set up this type of govt.—govt that collectively owns
property & runs industry (no individual ownership)
Space RaceBattle between the
US & the Soviet Union to put a man in space;
sign of superiority
Domino EffectThe fear that if Vietnam fell to communism, so would all surrounding
countries
containmentThe US policy of preventing the
spread of communism
McCarthyismFear of communism in the US
following WWII—Senator Joseph McCarthy caused hysteria by
proclaiming to know of MANY govt officials with communist ties, but
never offered any evidence (ruined many people’s lives!)
Berlin WallA guarded concrete wall put up by the Soviet Union in 1961, to separate communist East Berlin from democratically controlled (US/GB/Fr) West Berlin—was
brought down in 1989
Berlin AirliftThe US response to the Soviet blockade of West Berlin—airlifted TONS of supplies into the region
Iron CurtainBarrier established
between Soviet Union and Western Europe
from 1945-1990
Cuban Missile CrisisSoviet Union installed
nuclear missiles on Cuba, aimed at the US—war is
avoided when the Soviets finally back down & remove
them
Plessy Vs. FergusonSeparate but equal is
OK
Brown vs Bd of EducSeparate but equal
isn’t equal-- integrated the
schools
Jim Crow LawsState law in the
south that legalized segregation
Univ. of Cal vs BakkeDiversity in schools is
good but racial quotas may not be
used
Civil DisobedienceLegal form of protest to bring about govt
change(example: boycott)
Conscientious Objector
Refusal to serve in military for
religious/moral reasons
Primary sourcedocument written by sources that were present during an
experience or time period and offer an inside view of a