Unit 3 Flashcards

(69 cards)

1
Q

Marble cake federalism

A

No clear distinction between fed/state

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2
Q

Neo federalism

A

Federal > states

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3
Q

Vertical federalism

A

Federal to state

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4
Q

NATO

A

Allies for containment of USSR in Cold War

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5
Q

Horizontal federalism

A

State to state

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6
Q

Dual federalism

A

Separation between federal and state

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7
Q

MAD

A

Mutually assured destruction

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8
Q

Isolationism

A

US avoids overseas engagement

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9
Q

Layer cake federalism

A

Clear separation between fed and state

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10
Q

Liberal Jihad

A

20th century role of US in WWs

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11
Q

Elastic Clause

A

Grants congress implied powers

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12
Q

WTO

A

World Trade Organization

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13
Q

Gun boat diplomacy

A

Use of military force to achieve diplomatic objective

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14
Q

Cold War

A

45 yr geopolitical conflict between US and USSR

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15
Q

Truman Doctrine

A

Us should support countries threatened by communist regime

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16
Q

Containment

A

US surrounds USSR with alliances

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17
Q

Banana republic

A

Gov’ts overthrown by US if they don’t trade on American terms

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18
Q

Discount rate

A

% fed charges banks to borrow

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19
Q

Ho chi min

A

Vietnamese communist leader

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20
Q

Horatio Alger

A

19th century author who wrote American success stories

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21
Q

Benevolent hegemony

A

Country exerts dominant force with good intention

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22
Q

World bank

A

International bank that provides loans to developing countries

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23
Q

Supply side

A

Pro investor/ producer

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24
Q

Good neighbor policy

A

Emphasized cooperation and trade with Latin America during Roosevelts presidency

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25
Commerce clause
Congress has power to regulate commerce with foreign nations
26
GATT
General agreement on tariff and trades
27
Flat tax
All levels pay the same rate
28
Liberal internationalism
Liberal states should intervene in other states to pursue liberal objectives
29
Monopoly
Anti thesis of democracy capitalism
30
Regressive tax
Less you make, higher % you pay
31
Stagflation
High inflation with high unemployment
32
Nullification theory
Theory states has the right to nullify any fed law it deems unconstitutional
33
Crowding out
Govt borrowing raises interest rates
34
Inflation
Increased prices w lower value of dollar
35
Detente
Reduce tensions
36
McCulloch v Maryland
Established the fed govt implied powers
37
Progressive tax
The more you make the higher % you pay
38
Laissez Faire
Hands off decision making
39
Keynesianism
Give gives $ to people to buy
40
Tight monetary policy
Restriction of money supply
41
Monetary policy
Control of money supply
42
War powers act
Reaction to Vietnam war w intention to restrict presidents war power
43
Terrorism
Politically motivated violence
44
Federal funds rate
% big banks charge to borrow funds
45
Unfunded mandate
Fed govt requires state to do something but doesn't pay for it
46
IMF
International Monetary Fund
47
Hawks
Pro military
48
Loose monetary policy
Money supply is expanded
49
Inherent powers
Actions necessary for states to function
50
Protectionism
Shielding a countries domestic industries from foreign competition by taxing imports
51
PFTNAC
Project for the new American century
52
Enumerated powers
Federal power in constitution
53
Supremacy clause
Federal government supreme over states
54
Federal reserve
Central banking system in the us
55
Fiscal policy
Tax and spending
56
Pax Americana
State of relative international peace w US and world
57
Smiths Proviso
Danger of monopoly
58
Neo conservatives
Emphasize free market capitalism and internationalist foreign policy
59
Doves
Pro diplomacy
60
Open market operations
Federal buys/sells US debt to big banks
61
Implied powers
Powers not explicitly stated in constitution
62
Fiscal federalism
States become dependent on federal $
63
NAFTA
North American Free Trade Agreement
64
Lesson of Vietnam
Powell doctrine and detente
65
Lesson on Munich
Appeasement: giving into a territorially aggressive state only encourages aggression
66
Invisible hand
Sum rationality buyer/seller
67
Bush doctrine
Us must use pre emptive force in self defense
68
Reserve requirement
Banks must keep at federal
69
Obamanomics
Return to supply side Keynsianism