Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Social Studies > Diploma Essays > Flashcards

Diploma Essays Flashcards

You may prefer our related Brainscape-certified flashcards:
Praxis (5004) - Elem. Ed: Social Studies flashcards Praxis (5904) - Elem. Ed: Three Subject Bundle - Social Studies flashcards Praxis (7004) - Elem. Ed: Social Studies flashcards
1
Q

Adam Smith

A
  • support capitalism
  • minimal state, Government shouldn’t manage economy, should only guarantee contracts (negative freedoms)
  • individuals should work in their own self interest, which in a free market will strengthen economy and benefit society
  • supported minimalist state
  • supported free-market
  • Government roles should be to maintain rule of law, social contracts, and provide basic public infrastructure

capitalism and minimal government, invisible hand: The free market would manage itself

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Robert Owen’s

A
  • and a founder of utopian socialism and the cooperative movement.

-Utopian socialism
socialism based on a belief that social ownership of the means of production can be achieved by voluntary and peaceful surrender

  • society with no private property, no poverty, and no ignorance
  • New Lanark
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Karl Marx

A
  • Marxism is a social, political, and economic theory originated by Karl Marx that focuses on the struggle between capitalists and the working class

a political and economic theory where a society has no classes. Every person within the society works for a common good, and class struggle is theoretically gone

From each according to his abilities, to each according to his needs

Believed the working class was exploited by the upper class, The owners of production

Radical form of Socialism

The abolition of private property and the centralizing of the means of production in the hands of the state

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Edmond Burke

A

change could not be dictated by the present generations, change has to honour the past and future government

reactionary

Wanted to return to previous state

Believe the decision should be made when considering the legacy of the past

Revolutions were wrong

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

T. ROOSEVELT

A
  • The square deal
  • Howard Tafts successor

Consumer protection
corporate regulation
conservationism

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

FD Roosevelt

A

New deal

series of programs, public work projects, financial reforms, and regulations enacted

Main impact was changing the perception of the role of government in the economy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

John Maynard Keynes

A

Government involvement, demand-side economics, Government spending money in bad times and curving spending in good time

  • Government regulation not government ownership
  • regulation on business
  • relied on the demand for goods and services
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Milton Friedman

A

Monetarism is a school of thought in monetary economics that emphasizes the role of governments in controlling the amount of money in circulation

a theory in economics that stable economic growth can be assured only by control of the rate of increase of the money supply to match the capacity for growth of real productivity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Ronald Reagan

A

Supported Hayek and freedmon

Deregulation, trickle down Economics, spent too much on military,

Gov don’t tax rich company’s in hopes it would trickle down, less taxes let gov involvement

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Margret Thatcher

A

Supported Hayek and freedmon, privatized government market, caused unemployment for government workers

supply-side
- control supply of money in economy through taxes and interest rates

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Classic liberalism

A

Definition

Classical liberalism is a political ideology and a branch of liberalism that advocates free market and laissez-faire economics; civil liberties under the rule of law with an emphasis on limited government, economic freedom, and political freedom.

Negative freedoms

Examples

Laissez-faire
Industrial revolution

Pros

Gives everyone an ability so succeed
Positive freedoms

Cons

Wealth isn’t well distributed
No welfare benefits
Poor worker representation

Followers

John locke

Baron de Montesquieu (worth of the individual)

Adam smith

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Modern Liberalism

A

Definition

classic liberal economics with the introduction of government involvement through social and welfare programs

Positive freedoms

Examples

the New Deal
Canada now

Pros

Welfare benefits
Equality of outcome

Cons

Civilization becomes dependent

Followers
FDR
Teddy Roosevelt

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

⁉️Classic Conservatism

A

Definition

change could not be dictated by the present generations, change has to honour the past and future government

Examples

Pros

Cons

Followers
Edmond Birke

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

⁉️Neo-Conservatism/ Neo-Liberalism

A

Definition

Classic liberal economics and traditional values, deregulation, tax cuts, privatization

Examples
Thatcher and Regan

Pros

Cons

Followers

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Utopian/Democratic Socialism

A

Definition

socialism based on a belief that social ownership of the means of production can be achieved by voluntary and peaceful surrender

Examples

New Lanark

Pros

Non confrontational a peaceful society

Cons

do not exist because people have different ideas and beliefs

Followers

Robert Owen’s

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Communism

A

Definition

advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

Examples

USSR

Pros

People r equal
No unemployment
Strong government
No completion

Cons

The government owns all the businesses and properties (the means of production).

There is no freedom of speech

Consumers needs are not taken into consideration.

Followers

Stain

17
Q

Fascism

A

Definition

a political system headed by a dictator in which the government controls business and labor and opposition is not permitted.

Examples

Nazi Germany

Pros

Unrivaled Security

Improved welfare

Straightforward decision-making processes.

Efficient government

Cons

Limited freedom of speech and human rights

Enhances political and power abuse.

Poor governing ethics

Followers

Hitler

18
Q

⁉️Environmentalism

A

Definition

concern about and action aimed at protecting the environment.

Examples

 Kyoto protocol
Paris accord

Pros

Keeps environment safe

Cons

Costly and inefficient

Followers

19
Q

First Nations Perspective

A

 definition

Challenges individual rights and freedoms because value is based upon cooperative and collective decisionmaking, focusses on egalitarianism

Followers

Jean- jacques-Rousseau

20
Q

Supply Side

A

Describe including how it deals with inflation and recession

an economic concept whereby increasing the supply of goods leads to economic growth, use fiscal policy (tax cuts, government spending, privatization) to influence the economy. In theory supply side reduces inflation by increases productivity and making the economy more efficient.

Pros

Lowers inflation increasing economic efficiency 

Cons

Lengthy process
costly

Followers

Hayak
Freedmon
Regan
thatcher

21
Q

Demand side

A

Describe including how it deals with inflation and recession

An economic theory that advocates use of government spending and growth in the money supply to stimulate the demand for goods and services. To counter demand pll inflation governments and central banks would have to implementite monetary and fiscal policies.

Pros

High consumer spending leads to business expansion resulting in greater employment opportunities

Cons

Will cause inflation

Followers

Keynesian

22
Q

Socialism

A

Describe including how it deals with inflation and recession

a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

Examples

Pros

Cons

Followers

23
Q

Inflation

A

When theres to much supply or demand and the price of goods goes up

Social Studies (14 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions