Everything Flashcards
(32 cards)
Aristotle’s birth and death
384 BC - 322 BC
Government mandatory vs discretionary spending amount 2015
Mandatory 2.3 trillion
Discretionary 1.1 trillion
When was the Greek alphabet developed
850-700 BC
When we’re the first Olympic Games
776 BC
When did Homer write the Iliad and the Odyssey
750-700 BC
Describe the peloponnesian war
War between Sparta and Athens from 461-446 BC
When was Socrates executed
399 BC
When did Alexander the Great live
356-323 BC
Date of Civil War
1861-1865
Also know as the war between the states
Who led the confederacy in civil war
Jefferson Davis
What was first attack of civil war
Confederates attacked fort Sumter in South Carolina in 1861
Which US President was an only child
Trick question: none
When was the last time democrats controlled both houses, and how many bills were passed?
2009-2011
They passed 383 bills
How many bills did the 112th congress and 113th congress pass? What years were they in charge?
112th - 2011-2013 - 283 bills passed
113th - 2013-2015 - 296 bills
When was the last time congresses approval rating was above 20%? Above 50%?
111th congress had 25% approval on average from 2009-2011
107th congress had average approval of 53% from 2001-2003
How many people are currently in the labor force -2016? How much has it increased since 2000?
159 million
Increase of 9% since 2000
What company is behind the keystone pipeline?
Transcanada
Who is the current president of china and how long has he been in office?
Xi Jinping
When was glass steagall act implemented and what did it do?
1933
It created federal deposit insurance and made it illegal for banks that loan money to do business with banks that underwrite and trade securities
What is the financial stability oversight council?
Created by Dodd-Frank.
Monitors companies that are too big to fail.
Has ability to break up banks considered too big to fail.
It can also mandate that certain banks increase reserve requirements
What is the consumer financial protection bureau?
Part of Dodd-frank.
Supposed to prevent predatory mortgage lending and make it easier for consumers to understand and finalize paperwork - it also regulates other loans such as credit cards
Prevents mortgage brokers from obtaining higher fees for selling mortgages with higher interest rates
What is the volcker rule?
In title 6 of Dodd-frank
Aims to prevent risky lending by commercial banks.
Banks can’t be involved with hedge funds or private equity firms.
Also decreases amount banks can leverage in proprietary trading
Criticisms of Dodd-frank
Hinders economic growth
Makes it harder for banks to compete competitively.
Reduces liquidity through higher RR
Punishes small banks who weren’t responsible for recession
15th amendment
All races can vote
