Chapters 6-8 Flashcards
What is consumerism?
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.
What is income disparity?
The difference in earnings between the rich and the poor..
What is inflation?
An increase in the general price level of products, the cost of labour, and interest rates.
What is a monopoly?
The exclusive ownership or control of a trade in a particular good or service.
What are social programs?
Programs that affect human welfare in society.
What is trickle-down economics?
The economic policy that states that if industry prospers, everyone prospers, as wealth trickles down. AKA: Supply side economics.
What is a welfare state?
A state in which the economy is capitalist, but the government uses policies to ensure economic stability and a basic standard of living.
What is Reaganomics?
The economic policies of Ronald Reagan. They advocated less government intervention in the economy and more industry with fewer regulations.
What is Thatcherism?
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.
What is brinkmanship?
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.
What is a cold war?
War without violence. The fighting is done through propaganda and thoughts.
What is containment?
The American Cold war foreign policy of containing the spread of communism by establishing strategic allies around the world through trade and military alliances.
What is detente?
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.
What is a deterrence?
Cold war foreign policy aiming to deter the strategic advances of the other, through arms development and build up.
What is expansionism?
A country’s foreign policy of acquiring additional territory through the violation of another country’s sovereignty.
What are liberation movements?
Military and political struggles of people for independence from countries that have colonized or otherwise suppressed them.
What is McCarthyism?
An anticommunist movement in the USA led by republican senator Joseph McCarthy. It was intended to persecute those with perceived ties to communism.
What is nonalignment?
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.
What are proxy wars?
Conflicts in which one superpower provides support to a group or state that opposes the rival superpower.
What are civil rights movements?
Popular movements in the US in the 1950s and the 1960s. They were used to extend the rights of marginalized members of society.
What is environmentalism?
A political and ethical ideology, that supports the protection of the natural environment.
What is neo-conservatism?
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).
