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Mixed Economy Economic decisions are shared by the govt & the people.

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Presentation on theme: "Mixed Economy Economic decisions are shared by the govt & the people."— Presentation transcript:

1 Mixed Economy Economic decisions are shared by the govt & the people

2 Market Economy Economic decisions are made by individuals or the open market.

3 Laissez-faire Hands off—no govt intervention in business

4 Tariff Tax on imports

5 Traditional economy Econ. decisions made by customs, religion, & other ideas handed down generation to generation.

6 Command economy Economic decisions are made by the government

7 trade A purchase or sale made with or without money

8 import Goods coming into a country (In=Import)

9 Export Goods going out of a country (Exit=Export)

10 Embargo/Blockade Govt restiction of business/trade

11 Constitution The United States’ Supreme Law of the Land

12 Legislative Branch Branch that makes the laws (Congress= Senate + House of Rep)

13 Executive Branch Branch that enforces the law (Pres, military, law enforcement)

14 Judicial branch Branch that interprets the laws, makes sure they abide by the Constitution (Supreme Court)

15 Checks & Balances System put into place to make sure the 3 branches of govt do no become too powerful

16 Amend 1 Freedom of press, speech, petition, assembly, & religion

17 libel Printing things that are lies is not freedom of the presss

18 slander Saying things that you know are lies is not freedom of speech

19 Amend 13 Abolishing slavery

20 Amend 14 Everyone born in the US or naturalized are citizens; due process of law

21 Amend 15 African Amer. men are given the right to vote

22 Amend 16 Congress can order/collect income tax

23 Amend 17 Direct election of senators

24 Amend 18 Prohibition

25 Amend 19 Women’s right to vote

26 Amend 24 Poll taxes are banned

27 Amend 26 Lowered the voting age to 18 (from 21)

28 Enlightenment 17 th century intellectual movement that worked to limit the power of the govt & church

29 John Locke Believer in natural rights: life, liberty, property (now pursuit of happiness in our constitution)

30 Montesquieu Believed in the separation of powers (3 branches of govt)

31 Voltaire Freedom of speech

32 Absolute Monarchy Form of govt in which the king/queen has all of the power

33 Presidential Democracy Form of govt in which people vote for most things, including the leader

34 Dictatorship Form of govt in which the leader usually takes over by military force & has all the power

35 Parliamentary Democracy Form of govt in which people vote for the leg. body, which in turn selects the prime minister

36 Constitutional Monarchy Form of govt in which the king/queen’s power is limited by written law

37 Theocracy Form of govt ruled by religious leaders

38 Absolutism Having complete & unrestricted power in govt (monarch)

39 Divine Right A ruler’s belief that God gave them the right to have power over a country

40 Oligarchy Govt in which a few people have all of the power

41 Populists Reform group that represented the farmers

42 Progressives Reform group that tried to end child labor & limit power of big businesses

43 Immigration Moving into a new a new country to settle (i=in)

44 Emigration Moving out of a country to settle in another (e=exit)

45 Industrial Revolution Change in the way things were made; made in factories instead of by hand

46 Assembly Line Allows mass production, and prices to fall as supply increases

47 slums Tenements; extreme poor living conditions caused by rapid urbanization

48 Monopoly When one company completely dominates an industry

49 urbanization People moved from rural areas to cities in order to be closer to factories

50 Labor Unions Created in response to horrible working conditions; fought for better pay & working conditions

51 NAACP Group fighting for African American rights

52 suffrage The right to vote

53 cooperative Group that pools members resources to sell products directly to markets & buy goods at wholesale prices

54 subsidy Govt payment made to farmers

55 Kickback Payments of part of the earnings of a job (not always legal!)

56 graft Acquisition of money or political power through illegal/dishonest methods

57 reparations High payments Germany had to make bc it lost WWI

58 League of Nations Peace keeping organization after WWI that was unsuccessful

59 imperialism One country taking over another to gain power

60 White Man’s Burden Idea that white man must “civilize” undeveloped nations

61 Open Door Policy Policy of equal trading rights for all countries within China; proposed by US, not China

62 nationalism Strong love & devotion for ones country

63 militarism Competition of creating the most powerful combat group

64 alliances Countries making agreements to assist each other in times of need

65 isolationism The US stance on foreign policy after WWI—if a conflict didn’t involve us, we were staying out of it

66 4 Causes of WWI Militarism Alliances Imperialism Nationalism

67 Fourteen Points Wilson’s plan for peace following WWI

68 Treaty of Versailles Treaty to end WWI— very harsh towards Germany

69 Harlem Renaissance A literary & artistic movement in the 1920s in which African Amer. Brought their culture to the north

70 Great Migration Movement of African American from South to north for jobs

71 Red Scare Fear of communism in the US during the 1920s

72 Great Depression *Stock market crash *bank failure *overproduction *overspending/debt *High unemployment

73 New Deal Programs/policies set up in 1930s by FDR to help social reform & economic recovery

74 NATO Alliance of democratic nations following WWII

75 Warsaw Pact Alliance of communist dictatorships following WWII

76 Israel New nation created for Jews fleeing Europe during WWII

77 Pearl Harbor US naval base that was attacked which led to the US involvement in WWII

78 United Nations Peace keeping organization created after WWII. The US joined this organization.

79 Holocaust Hitler’s mass extermination of Jews & other undesirables

80 Appeasement Giving into Hitler’s demands in hopes that he would be satisfied & prevent a war

81 Socialism Economic system where the govt or workers own most of the factories, utilitites, transportation, & communication systems

82 Axis/Central Powers Military alliance between Germany & Italy during WWII, later joined by Japan

83 Allied Powers Alliance between Great Britain & France in WWII, later joined by US & Soviet Union

84 Internment Camp Camps where Japanese-Americans were relocated forcibly during WWII

85 Atomic bombs Massive bomb created by the Manhattan Project, dropped on Hiroshima & Nagasaki, Japan that led to the end of WWII

86 Baby Boomers Large increase in birthrate following WWII (as many soldiers come home from war)

87 Marshall Plan The US plan to offer European countries financial assistance to set up democracies

88 Korean/Vietnam Wars 2 Cold War wars in which the North was Communist, and the US helped the democratic south

89 Truman Doctrine The US pledge to fight the spread of communism at all cost

90 Cold War Battle between the US & the USSR between democracy & communism

91 Communism During 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)

92 Space Race Battle between the US & the Soviet Union to put a man in space; sign of superiority

93 Domino Effect The fear that if Vietnam fell to communism, so would all surrounding countries

94 containment The US policy of preventing the spread of communism

95 McCarthyism Fear 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!)

96 Berlin Wall A 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

97 Berlin Airlift The US response to the Soviet blockade of West Berlin—airlifted TONS of supplies into the region

98 Iron Curtain Barrier established between Soviet Union and Western Europe from

99 Cuban Missile Crisis Soviet Union installed nuclear missiles on Cuba, aimed at the US—war is avoided when the Soviets finally back down & remove them

100 Plessy Vs. Ferguson Separate but equal is OK

101 Brown vs Bd of Educ Separate but equal isn’t equal-- integrated the schools

102 Jim Crow Laws State law in the south that legalized segregation

103 Univ. of Cal vs Bakke Diversity in schools is good but racial quotas may not be used

104 Civil Disobedience Legal form of protest to bring about govt change (example: boycott)

105 Conscientious Objector Refusal to serve in military for religious/moral reasons

106 Primary source document written by sources that were present during an experience or time period and offer an inside view of a particular event (ex: diary, letter, autobiography)

107 Secondary Sources Interpreted & analyzed sources--one or more steps removed from the event. Secondary sources may have pictures, quotes or graphics of primary sources in them (ex: biography, text book)


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