Chapters 6-8

Question 1

What is consumerism?

Answer 1

Consumer spending, a preoccupation with consumer goods and their acquisition; a set of values focused on the acquisition and display of things in order to denote status.

Question 2

What is income disparity?

Answer 2

The difference in earnings between the rich and the poor..

Question 3

What is inflation?

Answer 3

An increase in the general price level of products, the cost of labour, and interest rates.

Question 4

What is a monopoly?

Answer 4

The exclusive ownership or control of a trade in a particular good or service.

Question 5

What are social programs?

Answer 5

Programs that affect human welfare in society.

Question 6

What is trickle-down economics?

Answer 6

The economic policy that states that if industry prospers, everyone prospers, as wealth trickles down. AKA: Supply side economics.

Question 7

What is a welfare state?

Answer 7

A state in which the economy is capitalist, but the government uses policies to ensure economic stability and a basic standard of living.

Question 8

What is Reaganomics?

Answer 8

The economic policies of Ronald Reagan. They advocated less government intervention in the economy and more industry with fewer regulations.

Question 9

What is Thatcherism?

Answer 9

Thatcherism describes the conviction politics, economic, social policy, and political style of the British Conservative politician Margaret Thatcher, who was the leader of her party from 1975 to 1990. Thatcherism has been described as a political platform emphasising free markets with restrained government spending and tax cuts.

Question 10

What is brinkmanship?

Answer 10

International behaviour or foreign policy that takes a country to the brink of war. Usually refers to the showdown between the United States and the Soviet Union over Cuba in October 1962.

Question 11

What is a cold war?

Answer 11

War without violence. The fighting is done through propaganda and thoughts.

Question 12

What is containment?

Answer 12

The American Cold war foreign policy of containing the spread of communism by establishing strategic allies around the world through trade and military alliances.

Question 13

What is detente?

Answer 13

A period of the cold war, in which the major powers tried to lessen the tensions between them through diplomacy, arms talks and reductions, and cultural exchanges.

Question 14

What is a deterrence?

Answer 14

Cold war foreign policy aiming to deter the strategic advances of the other, through arms development and build up.

Question 15

What is expansionism?

Answer 15

A country’s foreign policy of acquiring additional territory through the violation of another country’s sovereignty.

Question 16

What are liberation movements?

Answer 16

Military and political struggles of people for independence from countries that have colonized or otherwise suppressed them.

Question 17

What is McCarthyism?

Answer 17

An anticommunist movement in the USA led by republican senator Joseph McCarthy. It was intended to persecute those with perceived ties to communism.

Question 18

What is nonalignment?

Answer 18

The position that was taken during the Cold War by those countries in the UN that did not form an alliance with either the US or the USSR.

Question 19

What are proxy wars?

Answer 19

Conflicts in which one superpower provides support to a group or state that opposes the rival superpower.

Question 20

What are civil rights movements?

Answer 20

Popular movements in the US in the 1950s and the 1960s. They were used to extend the rights of marginalized members of society.

Question 21

What is environmentalism?

Answer 21

A political and ethical ideology, that supports the protection of the natural environment.

Question 22

What is neo-conservatism?

Answer 22

And ideology in the US that emerged in the 1950s and 1960s as a reaction to modern liberal principals. Some aspects favoured a return to classical liberal principals, and others favoured values identified as family values (usually based upon religion).