Unit Five Flashcards
Political and Historical
Socialism
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.
Communism
a political theory derived from Karl Marx, 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
Government
the governing body of a nation, state, or community.
Absolutism
Political doctrine and practice of unlimited, centralized authority and absolute sovereignty
Democracy
a form of government in which the people have the authority to deliberate and decide legislation
Fascism and Dictatorship
a mass political movement that emphasizes the supremacy of both the nation and the single, powerful leader over the individual citizen; a ruler with total power over a country, typically one who has obtained control by force
Mercantilism
the economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances
Globalism
the idea that events in one country cannot be separated from those in another and that economic and foreign policy should be planned in an international way
Imperialism
a policy of extending a country’s power and influence through diplomacy or military force
Liberalism
a political and social philosophy that promotes individual rights, civil liberties, democracy, and free enterprise.
Conservatism
the holding of political views that favor free enterprise, private ownership, and socially traditional ideas; typically reluctant to extreme or perceived extreme change
Republic
a state in which supreme power is held by the people and their elected representatives, and which has an elected or nominated president rather than a monarch
Republican
a member of a political party advocating republicanism
Nationalism
identification with one’s own nation and support for its interests, especially to the exclusion or detriment of the interests of other nations.
Democrat
an advocate or supporter of democracy.