Chapter 3 Flashcards
Articles of Confederation
The first “constitution”, of a sort, under which the states formed a very weak federal union, with little power to tax or to exert power to regulate the economy, or to react to rebellions
Industrial Revolution
The period in Europe and the United States when the industry grew rapidly due to technical innovations in production; People moved to cities and worked for wages; and a series of major social and political changes occurred, such as the growth of business power and the establishment of labor unions
Laissez-Faire economics
A system of economic regulation in which government leaves business totally, or almost totally, unfettered. This term has negative connotations, referring as it does to the freewheeling and sometimes abusive business practices of the late 19th century
New Deal
The program of policy changes and reforms associated with Franklin Roosevelt administration that intended to alleviate the Great Depression
National Security
The collection of policies, practices, and ideas that seek to protect the United States from foreign military or terrorist threats
Great society
The package of domestic programs advanced by President Johnson to alleviate poverty, improve education, and foster civil rights during the 1960’s
Devolution
The process by which federally designed and administered programs are turned over, in whole or in part, to the states to manage as they see fit, based on their needs and conditions
Block grant
Government funding provided to state and local government as a “block” with very broad rules on how the funds are to be used; this allows the states great flexibility in using the funds, but with loss of some control and accountability