Final Exam Flashcards
What is the dominant theme in John Locke’s works on government?
Improvement in the human condition is both possible and desirable
How did Locke portray the natural position of the human person?
We are weak and in poverty without social and government restraints
How did Locke say individual liberty and well-being are advanced?
Privatization of property
How did Adam Smith describe the human condition and inclination?
People are inclined to barter and exchange and improve conditions by increasing wealth and gov planning doesn’t help as much as individual advancement
Why didn’t Adam Smith equate self-interest with greed?
it is a preference not the same as wealth accumulation
What are some examples of growth under free enterprise?
- businesses, employment, innovation
How did the Declaration of Independence accuse the king of infringing on free trade?
By cutting off commercial trade with foreign nations
Who said the first object of government is the protection of “the diverse faculties of men”?
James Madison
In what work did James Madison describe the necessity of property rights?
“On Property”
According to James Madison, what poses a great danger to property?
Taxation
What impact did the Civil War have on federalism?
It expanded national power
At the time of the Civil War and Reconstruction, what political philosophy was gaining momentum
on the world stage?
Marxism
What is Socialism?
A term that broadly refers to government ownership of industries and collective, rather than ownership of property
How does Marxism perceive the history of the world?
History of class struggle/conflict
How does Marxism recognize individual rights?
It doesn’t
According to FDR, what had the limited government of the Founders created?
A tyranny of the wealthy
What was FDR’s Economic Bill of Rights?
A proposal for entitlement programs for basic necessities
Who is pictured in this image?
FDR
What did the Agricultural Adjustment Act do?
Put limitations on crop production
What did the National Industrial Recovery Act do?
Set fair standards of labor through competition
What is NOT an essential part of the government?
Welfare programs-It is not essential if it is not an essential branch of government, court system, national defense etc.
What are consumption taxes?
Taxes placed on Luxury items-sales tax
What is a progressive tax?
Percentage of tax increases as item does
Why did Alexander Hamilton prefer consumption taxation?
It is an elective tax, and consistent with freedom, provides natural limitation