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GOV AND ECO EXAM #1
1ST SEMESTER EXAM FOR MRS. FORK
| Mike Pence | The Current Vice President, the President of Senate. Has the power to determine if the President is disabled and will finish the president’s term if they are removed from office. |
| Gerrymandering | The redrawing of district lines to gain a political party advantage in Congress |
| H.O.R. | Serve a 2 year terms, Must be 25 years old or older, Must be a resident of their district and state, BASED ON POPULATION! 435 members, and Takes a census every 10 years. |
| Redistricting | The redrawing of district lines after reappointment has been completed |
| Paul Ryan | The Speaker of the House of Representatives, third in line for presidential succession |
| Census | A population count that occurs every 10 years by the House of Representatives |
| Senate | Serve 6 year terms, Must be 30 years or older, 2 SENATORS PER STATE, 100 members, Elected by the people, and must be a resident/represent their state. |
| Impeach | To formally accuse. The House has the power to accuse the President, but the Senate is the one that can officially remove him. |
| Reappointment | Each state’s population determines the number of representatives it will have for the next 10 years |
| Grameen Bank | A bank in Bangladesh that gives out loans to the working class, mostly women for no collateral, but a 99% payback for the loan |
| Balanced Payer | Paying off ALL fees on time and in full, every time. |
| Minimum payment syndrome | Paying all fees at the lowest payment possible every time. |
| Credit Score | A number assigned to a person that indicates to lenders their capacity to repay a loan. |
| BANKS | This is a financial institution providing services for businesses, organisations and individuals. Services include offering current, deposit and saving accounts as well as giving out loans to businesses. SHAREHOLDERS, PROFIT BASED |
| CHECK & GO | Cash advance store. (UNRELIABLE) |
| CREDIT UNION | A nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates. |
| NCUA | The National Credit Union Administrations is the independent federal agency created by the United States congress to regulate charter and supervise federal credit unions. |
| FDIC | The Federal Deposit Insurance Corporation is a US government corporation providing deposit insurance to depositors in US Banks (Up to a certain amount) |
| CD'S | A Certificate of Deposit issued by a bank to a person depositing money for a specified length of time. |
| Credit Agency | A company that collects information relating to the credit ratings of individuals and makes it available to credit card companies, financial institutions, etc. |
| Character (3 C's of Credit) | How a person handles past debt obligations |
| Capacity (3 C's of Credit) | How much income a borrower earns |
| Capital (3 C's of Credit) | Current available assets of the borrower |
| 1st Amendment | Speech, Religion, Press, Assembly |
| 2nd Amendment | Militia and Bear Arms |
| 3rd Amendment | No Quartering of Soldiers |
| 4th Amendment | Search and Seizures |
| 5th Amendment | Can't testify against yourself and No Double Jeopardy |
| 6th Amendment | Fast and Speedy Trial |
| 7th Amendment | Public Trial for $20 or more |
| 8th Amendment | No unfair or unusual Punishments |
| 9th Amendment | All RIGHTS not stated in the Bill of Rights is reserved for the states |
| 10th Amendment | All POWERS not given to the federal government were retained by the states or the people |
| 12th Amendment | Electoral College has to use separate ballots |
| 17th Amendment | People elect government officials |
| 19th Amendment | Voting is not based on Gender |
| 20th Amendment | Sets the date the president is elected, on January 20th |
| 22nd Amendment | Limits the president to two 4 year terms. |
| 25th Amendment | Succession of the President by the Vice President |
| 27th Amendment | Congress can't set up their pay raise until the next term |
| Separation of Power | Power divided into 3 equal branches of power |
| 3/5ths Compromise | Every 3/5ths of a state's slave population counts as 1 person, towards the entire state's population |
| Articles of Confederation | America's 1st try at a constitution, that failed miserably because it lacked to provide equal power between the states and the national government |
| Constitution | "THE LAW OF THE LAND" Has a Preamble, Article, and Amendment |
| Shays' Rebellion | An uprising led by a former militia officer, Daniel Shays, which broke out in western Massachusetts in 1786. Shays’ followers protested the foreclosures of farms for debt and briefly succeeded in shutting down the court system. |
| Philosophers | John Locke --> Freedoms of Life, Liberty, and the Pursuit of happiness |
| Boycott | Withdraw from commercial or social relations with (a country, organization, or person) as a punishment or protest. |
| Embargo | An official ban on trade or other commercial activity with a particular country. |
| Revenue | The money a government collects from taxes and other sources increased. |
| Bill | A draft of a proposed law presented to parliament for discussion |
| Dictatorship | a country, government, or the form of government in which absolute power is exercised by one person |
| Totalitarian | Relating to a system of government that is centralized and dictatorial and requires complete subservience to the state. HAS COMPLETE CONTROL OF THE COUNTRY |
| Democracy | a system of government by the whole population or all the eligible members of a state, typically through elected representatives. THE PEOPLE VOTE |
| Oligarchy | a small group of people having control of a country, organization, or institution |
| Monarchy | One person has great Power |
| Authoritarian | ABSOLUTE CONTROL, favoring or enforcing strict obedience to authority, especially that of the government, at the expense of personal freedom. |
| Republic | No one in charge, 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. |
| Evolution Theory | The state developed out of the early primitive family in which one person was the head. |
| Force Theory | The process of establishing a new government or country through the use of force. This process involves one group of people entering into an area and making everyone else within that territory submit to the new government and social system. |
| Divine Right Theory | It asserts that a monarch is subject to no earthly authority, deriving his right to rule directly from the will of God. |
| Social Contract Theory | The voluntary agreement that an organized society is brought into being and invested with the right to secure mutual protection and welfare or to regulate the relations among its members. |
| Population (4 features of State) | All the Inhabitants of a particular town, area, or country |
| Sovereignty (4 Features of State) | Cannot influence another sovereign state, but can grant more power to nations |
| Territory (4 Features of State) | An area of land under the jurisdiction of a ruler or state |
| Government (4 Features of State) | The governing body of a nation, state, or community |
| Unitary System | Power to center government |
| Federal System | Equal power between the States and the Central Government |
| Confederate System | Power to the states |
| Qualifications to be President: | Must have been born in the U.S., must have lived in the U.S. for 14 years, and must be older than 35 years old. |
| Term As President | Two 4 year terms |
| President Who severed more than two terms? | FDR served more due to WWII and the Great Depression, 22nd amendment limited it to only 2 terms. |
| President for 10 terms? | President may serve for 10 years if the finished the previous president’s term, and then was elected as president for 2 terms in a row. (2 + 8 = 10) |
| Presidential Succession, Who's Involved? | The Vice President is First, then It is the Speaker of the House |
| Federal Reserve System | The president has the power to appoint members the direct the nation’s central banking system. US NATIONAL BANKING SYSTEM!!!! |
| Pardon | The Power to forgive a crime |
| Reprieve | The Power to postpone a sentance |
| Commutation | The power to reduce a sentence or amount of a fine |
| Amnesty | The power to grant a large group of people a pardon |
| Law | The set of rules or standards that a society governs itself by |
| Interpretation | The Judicial branch explains what the laws mean |
| Unconstitutional | Being Inconsistent with the U.S. Constitution |
| Criminal Trial Courts | Hears cases about crimes like burglary, murder, or driving under the influence of alcohol or drugs |
| Civil Trial Courts | Hears cases where one person or group thinks another person or group should pay for causing harm |
| Supreme Court | The highest federal court in the US, consisting of nine justices and taking judicial precedence over all other courts in the nation. |
| Plaintiff | In Civil Court, the person that Bring the case to the court |
| Prosecutor | The attorney that represents the government in a criminal case |
| Defendant | The person the civil or criminal suit is against |
| Jury | A group of citizens who hear evidence during a trial and then give a verdict |
| Indictment | A formal charge of criminal action by a grand jury |
| Checks and Balances on the Supreme Court | The President can appoint a Justice, Congress and approve of this Justice or deny them, Congress has the power to remove a Justice, Congress can also determine the amount of Justices and their pay. |
Created by:
Davigo Soklux
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