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36 terms

Unit 6

STUDY
PLAY
Income tax
Tax paid to the state, federal, and local governments based on income earned over the past year.
Progressive Tax
a tax for which the percentage of income paid in taxes increases as income increases
The New Deal
The programs and policies to promote economic recovery and social reform introduced during the 1930s by President Franklin D. Roosevelt
Medicare
health care for the aged
Medicaid
health care for the needy
Entitlement Programs
Government benefits that certain qualified individuals are entitled to by law, regardless of need.
Welfare
something that aids or promotes well-being
Welfare-to-work
the government program aimed at helping poor people become more self-sufficient
Food Stamp Program
federally funded program that gives food coupons to low-income people based on income and family size
Social Security
federal program that provides monthly payments to people who are retired or unable to work
No Child Left Behind
Holds states, schools, and school districts more accountable for their standardized tests scores. The wanted outcome was better tests scores all around and overall a smarter and better population of young people that would positively contribute to a growing America. The schools are funded base on the scores.
School Voucher Programs
the reform initiaitive by conservative groups to allocate tax funds normally given to large school systems, to parents in the form of refunds
GI Bill
Provided for college or vocational training for returning WWII veterans as well as one year of unemployment compensation. Also provided for loans for returning veterans to buy homes and start businesses.
Pell grants
federal money for low-income-students that you do not have to repay
Federal Reserve System
privately owned, publicly controlled, central bank of the United States
Antitrust legislation
law intended to promote free competition in the market place by outlawing monopolies
Inflation
a general and progressive increase in prices
Budget deficit
when the government spends more money than it collects in taxes
Gross Domestic Product (GDP)
The total output of all economic activity in the nation, including goods and services.
Clean Air Act
Set emission standards for cars, and limits for release of air pollutants
Global Warming
a rise in average global temperatures
Kyoto Protocol
controlling global warming by setting greenhouse gas emissions targets for developed countries.
Superfund legislation
regulates the cleanup of hazardous waste disposal sites
Monroe Doctrine
an American foreign policy opposing interference in the Western hemisphere from outside powers
Tariffs
Taxes on imports or exports
Manifest Destiny
the belief that the U.S. should extend all the way to the pacific ocean
Roosevelt Corollary
Roosevelt's 1904 extension of the Monroe Doctrine, stating that the United States has the right to protect its economic interests in South And Central America by using military force
United Nations
an organization of independent states formed in 1945 to promote international peace and security
International Monetary Fund (IMF)
an international organization that acts as a lender of last resort, providing loans to troubled nations, and also works to promote trade through financial cooperation
World Bank
a United Nations agency created to assist developing nations by loans guaranteed by member governments
Truman Doctrine
President Truman's policy of providing economic and military aid to any country threatened by communism or totalitarian ideology
Marshall Plan
a United States program of economic aid for the reconstruction of Europe
Containment
American policy of resisting further expansion of communism around the world
Cold War
A conflict that was between the US and the Soviet Union. The nations never directly confronted each other on the battlefield but deadly threats went on for years.
War on Terror
After 9/11, President George W. Bush declared a worldwide "war on terrorism" aimed at defeating international terrorist organizations, destroying terrorist training camps, and bringing terrorists themselves to justice.
North American Free Trade Agreement (NAFTA)
Created to allow the free movement of goods between Canada, Mexico, and the U.S. by lessening and eliminating tariffs