CIvics Vocab by Shaye Basinger _ Student - EastWakeHS https://padlet.com/sebasinger/rus79pks4phi Macroeconomics Vocab en-us 2019-10-11 13:07:08 UTC 2019-12-18 06:44:17 UTC hello@padlet.com Business Cycle sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/396658667 A cycle of economic expansion and contraction.]]> 2019-10-11 13:09:04 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/396658667 Contraction sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/397720285 The economy is declining, Inflation is falling, unemployment is rising.

Example: Unemployment rises from 3% to 5%]]> 2019-10-15 03:20:23 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/397720285 Peak/ Prosperity sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/397720627 Economy is good, inflation high, unemployment low. 

Example: Inflation at an all time high.]]> 2019-10-15 03:21:44 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/397720627 Expansion sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/397720990 Economy is improving, inflation is rising while unemployment is falling.

Example: CPI rises]]> 2019-10-15 03:23:23 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/397720990 Trough sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/397721336 Economy is bad, inflation is low/deflation, unemployment is high.

Example: the great depression]]> 2019-10-15 03:24:58 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/397721336 Recession sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/397721892 AKA Contraction, Economy is declining, aswell as inflation, unemployment rises.

Example: CPI declines/decreases]]> 2019-10-15 03:27:21 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/397721892 Depression sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/397722100 AKA Trough, bad economy, low inflation and high unemployment

Example: Again the great depression, poverty is at an all time high.]]> 2019-10-15 03:28:21 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/397722100 Monetary Policy sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/397722400 Policies on consumer spending to stabilize the economy.

Example: Interest Rates, Reserve Ratio, and bonds]]> 2019-10-15 03:29:40 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/397722400 Federal Reserve sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/397722703 The money the bank has reserved for itself/stabilization.

Example: Central banking system]]> 2019-10-15 03:30:57 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/397722703 Easy Money Policy sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/397723136 For high unemployment, Decreasing interest rates and reserve ratio

Example: Peopl have too little money, looser policy]]> 2019-10-15 03:33:06 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/397723136 Tight Money Policy sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/397723560 For high inflation
Increase discount interest rates and reserve ratio.

Example: People have too much money, limit what is given out. ]]> 2019-10-15 03:35:21 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/397723560 Reserve Requirement sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/397723891 The minimum number of reserves a bank must have.

Example: Must have a 10% reserve ratio (cannot lend out).

]]> 2019-10-15 03:36:52 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/397723891 Fiscal Policy sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/397724207 Policy to ensure economic expansions and contractions aren't too severe.

Example: Expansionary and Contractionary, (taxes, gov spending, welfare payments)]]> 2019-10-15 03:38:17 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/397724207 National Debt sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398466223 The total amount a country's government has borrowed.

Ex: 22,839,355,937,168 and counting = US]]> 2019-10-16 13:52:08 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398466223 Budget deficit sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398467765 Expenses exceed revenue.

Ex: National Security]]> 2019-10-16 13:54:16 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398467765 Budget Surplus sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398467835 Revenue exceeds expenses

Ex: Can use money to lower taxes, more funding]]> 2019-10-16 13:54:21 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398467835 Progressive tax sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398467977 The higher one's income, the higher the tax.

Ex: Higher for a doctor than a cashier.]]> 2019-10-16 13:54:33 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398467977 Regressive tax sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398468773 a tax that takes a larger percetage of income from lower- income groups than higher- income groups

Ex: sales and property]]> 2019-10-16 13:55:34 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398468773 Proportional tax sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398469736 Same tax for all tax payers

Ex: Sales]]> 2019-10-16 13:56:52 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398469736 Globalization sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398470537 Businesses gaining international influence.

Ex: Mcdonalds, Apple]]> 2019-10-16 13:57:54 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398470537 Trade deficit sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398474238 Cost of imports exceeding cost of exports

Ex: 1 trillion vs 1 billion]]> 2019-10-16 14:02:38 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398474238 Trade surplus sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398475437 Value of exports exceeds cost of imports.

Ex: 1 billion vs 1 million]]> 2019-10-16 14:04:20 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398475437 Comparative advantage sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398475938 The ability of a group to more efficiently carry out an economic activity.

Ex: Country offers good at a lower cost than another]]> 2019-10-16 14:05:08 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398475938 Absolute Advantage sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398476879 A nations ability to provide a product or service more cheap than another.

Ex: India's operating call centers]]> 2019-10-16 14:06:32 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398476879 Favorable balance of trade sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398482127 When a country exports more than it imports.
Ex: Export value > Import cost

]]> 2019-10-16 14:14:09 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398482127 Unfavorable balance of trade sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398482919 When a nation imports more than it exports.

Ex: Import cost> Export value]]> 2019-10-16 14:15:11 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398482919 Outsourcing sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398483429 Obtaining good or resource from an outside/foreign/ international supplier.

Ex: Customer Support]]> 2019-10-16 14:15:57 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398483429 NAFTA sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/398484343 North American Free Trade agreement,  between, US, Canada, and Mexico to remove tariff barriers between the three countries.

Ex: Stimulating trade and investment between the three countries.]]> 2019-10-16 14:17:12 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/398484343 Salutary Neglect sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400865745 Britain's policy of relaxing strict enforcement in the American Colonies]]> 2019-10-22 13:56:23 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400865745 Taxation without Representation sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400867097 Britain's taxtion of the american colonies though they had no representation in parliament.

Ex: Intolerable Acts]]> 2019-10-22 13:58:26 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400867097 Articles of Confederation sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400868055 The original constitution of the united states.]]> 2019-10-22 13:59:44 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400868055 "Common Sense" sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400869087 Written by Thomas Paine, advocated for the colonies freedom from british rule.


]]> 2019-10-22 14:01:11 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400869087 Natural Rights sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400870080 John Locke's Philosophy of right to life, liberty, and property.]]> 2019-10-22 14:02:39 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400870080 Social Contract sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400870560 A philosophy during the age of enlightment of the states authority over an individual.]]> 2019-10-22 14:03:25 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400870560 John Locke sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400871849 An enlightenment thinker who argued that we all have natural rights.]]> 2019-10-22 14:05:19 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400871849 Montesquieu sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400872657 An enlightment thinker who believed in the sepration of powers leading to the 3 branches of government.]]> 2019-10-22 14:06:31 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400872657 Rousseau sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400873711 An enlightenment thinker who believed in social contract and popular sovereignty.]]> 2019-10-22 14:07:58 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400873711 Bill of Rights sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400875057 The first 10 ammendments of the constitution to protect individuals.]]> 2019-10-22 14:09:38 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400875057 Federalist Papers sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400875765 85 articles and letters written by Alexander Hamilton, James Madison, and John Jay, arguing the need to ratify the constitution.]]> 2019-10-22 14:10:39 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400875765 Federalists sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400876785 Advocated a strong central governement.]]> 2019-10-22 14:11:59 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400876785 Anti-Federalists sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400877368 Opposed the creation of a strong central gov. and the ratification of the constitution.]]> 2019-10-22 14:12:37 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400877368 Constitutional Convention sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400878540 Gathering of delegates in 1787 in Philadelphia to create a new constitution.]]> 2019-10-22 14:13:56 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400878540 Great Compromise sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400879869 An agreement between large and small states for bicameral legislature. ]]> 2019-10-22 14:15:39 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400879869 Shay's Rebellion sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400880816 An uprising in MA against the debt crisis in opposition of taxation. 1786/1787]]> 2019-10-22 14:16:53 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400880816 3/5th's compromise sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400882147 A compromise between northern and southern states to count slaves as 3/5th's of a person for representation purposes.]]> 2019-10-22 14:18:40 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400882147 New Jersey Plan sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400884793 Each state would have one vote in congress.]]> 2019-10-22 14:22:03 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400884793 Virginia Plan sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400885388 Bicameral Legislature, representation is population based.]]> 2019-10-22 14:22:52 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400885388 Virginia House of Burgesses sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/400886201 The first legislative and democratic government in America, bicameral. ]]> 2019-10-22 14:23:58 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/400886201 Popular Sovereignty sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/410084222 The government does not exist with the consent of the people.
ex: bleeding kansas
no taxation w/o representation]]> 2019-11-12 16:55:19 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/410084222 Separation Of Powers sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/410085597 Separate powers for separate branches of government.
Ex: Legislative- Congress, bicameral
Judicial- Supreme court]]> 2019-11-12 16:57:11 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/410085597 Checks and Balances sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/410086811 The branches of governments power to check what other branches do, whether or not it is constitutional.
Ex: Senate checks the president.


]]> 2019-11-12 16:58:47 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/410086811 Federalism sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/410087942 The belief in a strong central government.
Ex: The constitution]]> 2019-11-12 17:00:14 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/410087942 Rule of Law sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/410088646 Laws established to abide by.
Ex: Freedom of press]]> 2019-11-12 17:01:11 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/410088646 Expressed Powers sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/410089782 Powers named in the constitution.
Ex:Power to tax]]> 2019-11-12 17:02:47 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/410089782 Implied powers sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/410092214 Powers not written in the constitution, but are necessary.
Ex:Collecting taxes for common defense.]]> 2019-11-12 17:06:07 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/410092214 Reserved Powers sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/410093493 Powers in the constitution that are reserved for a specified political authority.
Ex:Presidential Powers]]> 2019-11-12 17:07:45 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/410093493 Concurrent Powers sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/410094874 A power that can be used by the federal or states government.
Ex:Tax, Build Roads]]> 2019-11-12 17:09:54 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/410094874 Judicial Review sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/410096053 Supreme court determines whether legislation is constitutional.
Ex:Amendments

]]> 2019-11-12 17:11:32 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/410096053 Cloture sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425340926 A vote to end a filibuster,]]> 2019-12-18 06:21:50 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425340926 Filibuster sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425341037 A tactic used to delay a vote in senate by talking for a long time.
ex: reading a book, talking extensively for hours]]> 2019-12-18 06:22:45 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425341037 Conference Committee sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425341153 A joint house committee that provides compromises on bills presented.

]]> 2019-12-18 06:23:49 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425341153 Constituent sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425341253 Voters

]]> 2019-12-18 06:24:51 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425341253 Lobbyist sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425341348 People paid by groups to talk to and influence law maker's decisions

]]> 2019-12-18 06:25:39 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425341348 Pocket Veto sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425341475 A tactic used by the president putting a bill aside for 10 days and it may become a bill or be dismissed based on if congress is in session.

]]> 2019-12-18 06:26:45 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425341475 Interest Group sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425341644 Groups who influence lawmakers.

]]> 2019-12-18 06:28:21 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425341644 Standing Committee sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425341741 Permanent committees in congress.

]]> 2019-12-18 06:29:14 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425341741 Veto sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425341847 The presdential power to kill a bill.]]> 2019-12-18 06:30:17 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425341847 Original Jurisdiction sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425342129 The authority to hear a case for the first time.]]> 2019-12-18 06:33:21 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425342129 Appellate Jurisdiction sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425342217 The authority to hear a case on appeals.]]> 2019-12-18 06:34:19 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425342217 Civil Law sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425342343 Law that helps settle disputes between people.
Ex: divorce]]> 2019-12-18 06:35:34 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425342343 Constitutional Law sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425342406 Law created by a constitution.

]]> 2019-12-18 06:36:17 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425342406 Criminal Law sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425342474 Laws created by a legislative body against crime.]]> 2019-12-18 06:37:00 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425342474 Jurisdiction sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425342552 Authority over cases.
Ex: appellate]]> 2019-12-18 06:37:53 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425342552 Precedent sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425342706 An action used as a guide for similar actions in the future.
Ex: Kidnapping leading to amber alerts

]]> 2019-12-18 06:39:34 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425342706 Statutory Law sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425342919 Laws created by a legislative body.
Ex: congress]]> 2019-12-18 06:41:35 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425342919 Common Law sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425342973 Laws created by a judge.]]> 2019-12-18 06:42:14 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425342973 Tort sebasinger https://padlet.com/sebasinger/rus79pks4phi/wish/425343003 A wrongful act or infrimgement of rights> civil legal liability.]]> 2019-12-18 06:42:36 UTC https://padlet.com/sebasinger/rus79pks4phi/wish/425343003