Economic Spectrum | Government Stuff | Old Dudes | ISMs | BIG Events |
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What is a MIXED ECONOMY?
An economic structure that combines a mixture of control and freedom in balance.
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What is PROPORTIONAL REPRESENTATION?
When a political party wins a percentage of seats in the popular vote that is the same percentage of votes that they receive to form a gov't.
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Who was ADAM SMITH?
The Wealth of Nations; he felt that government intervention in the economy would stop or stifle innovation.
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What is COMMUNISM?
Collective ownership of the means of production with a strong central government that establishes order and control.
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What is the CUBAN MISSILE CRISIS?
1962, hottest part of the Cold War; USSR and USA open diplomatic talks to ignore an incident involving nuclear weapons.
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What is a CAPITALIST/FREE MARKET?
An economic system that outlines little government control in the marketplace.
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What is POPULAR VOTE?
When an election is starting, this indicates the leading candidate or the most “popular” one.
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Who was THOMAS HOBBES?
Felt that people were inherently evil and dangerous; He felt citizens needed a strong government that would control them.
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What is SOCIALISM/MARXISM?
Collective means of production with a cooperative planning of economics and politics. No need for a government.
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What is the INDUSTRIAL REVOLUTION?
1750s-1850s, began the onset of Classical Liberalism that saw a shift from agriculture to factory production.
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What is a COMMAND ECONOMY?
An economic system that believes in cooperation over competition.
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What is a REFERENDUM?
When the government has a vote opened up to the citizens asking them a question; it is binding (they will listen to the decision).
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Who was KARL MARX?
He believed in a classless society where the means of production were owned by the proletariat; ideally, no government is needed.
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What is CAPITALISM?
Innovation and private enterprise; the market is to be left completely alone and truly defines Classical Liberalism.
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What is the IRON CURTAIN?
A fictional drapery that Churchill claimed separated USSR control from western (USA) control after WWII.
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What is the INVISIBLE HAND?
The economic principle that people will make decisions based in their own interest; but will also make decisions to help each other out (giving them a hand).
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What is a REPRESENTATIVE DEMOCRACY?
The system Canada uses where a politician represents a group of people living in a constituency; roughly all constituencies have the same amount of people.
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Who was JOHN STUART MILL?
On Liberty; He believed that people should commit to self-improvement and that will lead to absolute freedom.
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What is FASCISM?
Radical nationalism, authoritarian, committed to state obedience and militaristic expansion through territory.
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What is the FLQ CRISIS?
1970 Quebec saw the kidnapping of 2 officials with one being murdered by this extremist group that looked to secure Quebec independence through terrorism.
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What is COLLECTIVIZATION?
Stalin’s idea to gather all the farmland in the USSR, especially from the Ukrainians.
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What is a SECRET BALLOT?
During an election, these are cast by the public to have their voice heard; they are secret.
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Who was JOHN LOCKE?
He believed that a government was needed to keep the peace, but they are ultimately responsible to the people and can be replaced.
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What is ANARCHISM?
Advocates a stateless society and sometimes uses violence to show how undesirable they feel towards the state.
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What is the WAR MEASURES ACT?
This had been enacted three times; it suspends the rights of citizens in order to protect the Canadian state and Canadians.
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