Unit 3 Flashcards

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
Q

Commerce clause

A

Congress has power to regulate commerce with foreign nations

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26
Q

GATT

A

General agreement on tariff and trades

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27
Q

Flat tax

A

All levels pay the same rate

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28
Q

Liberal internationalism

A

Liberal states should intervene in other states to pursue liberal objectives

29
Q

Monopoly

A

Anti thesis of democracy capitalism

30
Q

Regressive tax

A

Less you make, higher % you pay

31
Q

Stagflation

A

High inflation with high unemployment

32
Q

Nullification theory

A

Theory states has the right to nullify any fed law it deems unconstitutional

33
Q

Crowding out

A

Govt borrowing raises interest rates

34
Q

Inflation

A

Increased prices w lower value of dollar

35
Q

Detente

A

Reduce tensions

36
Q

McCulloch v Maryland

A

Established the fed govt implied powers

37
Q

Progressive tax

A

The more you make the higher % you pay

38
Q

Laissez Faire

A

Hands off decision making

39
Q

Keynesianism

A

Give gives $ to people to buy

40
Q

Tight monetary policy

A

Restriction of money supply

41
Q

Monetary policy

A

Control of money supply

42
Q

War powers act

A

Reaction to Vietnam war w intention to restrict presidents war power

43
Q

Terrorism

A

Politically motivated violence

44
Q

Federal funds rate

A

% big banks charge to borrow funds

45
Q

Unfunded mandate

A

Fed govt requires state to do something but doesn’t pay for it

46
Q

IMF

A

International Monetary Fund

47
Q

Hawks

A

Pro military

48
Q

Loose monetary policy

A

Money supply is expanded

49
Q

Inherent powers

A

Actions necessary for states to function

50
Q

Protectionism

A

Shielding a countries domestic industries from foreign competition by taxing imports

51
Q

PFTNAC

A

Project for the new American century

52
Q

Enumerated powers

A

Federal power in constitution

53
Q

Supremacy clause

A

Federal government supreme over states

54
Q

Federal reserve

A

Central banking system in the us

55
Q

Fiscal policy

A

Tax and spending

56
Q

Pax Americana

A

State of relative international peace w US and world

57
Q

Smiths Proviso

A

Danger of monopoly

58
Q

Neo conservatives

A

Emphasize free market capitalism and internationalist foreign policy

59
Q

Doves

A

Pro diplomacy

60
Q

Open market operations

A

Federal buys/sells US debt to big banks

61
Q

Implied powers

A

Powers not explicitly stated in constitution

62
Q

Fiscal federalism

A

States become dependent on federal $

63
Q

NAFTA

A

North American Free Trade Agreement

64
Q

Lesson of Vietnam

A

Powell doctrine and detente

65
Q

Lesson on Munich

A

Appeasement: giving into a territorially aggressive state only encourages aggression

66
Q

Invisible hand

A

Sum rationality buyer/seller

67
Q

Bush doctrine

A

Us must use pre emptive force in self defense

68
Q

Reserve requirement

A

Banks must keep at federal

69
Q

Obamanomics

A

Return to supply side Keynsianism