money and politics

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Last updated 12:57 PM on 4/1/25
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47 Terms

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Muckrakers

Journalists in the early 1900s who exposed corruption in politics and business, pushing for reforms.

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Teapot Dome Scandal

A 1920s bribery scandal where government officials secretly leased oil reserves to private companies in exchange for money and gifts.

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Federal Corrupt Practices Act

Early attempts to regulate campaign finance by setting spending limits and requiring financial disclosures (not strongly enforced).

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Federal Election Campaign Act of 1972

Strengthened campaign finance rules by requiring candidates to disclose donations and spending.

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Campaign Finance Reform Laws of 1974

Created stricter limits on contributions and spending after Watergate, leading to the creation of the Federal Election Commission (FEC).

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Loopholes of 1974 Act

Allowed unlimited independent spending and didn’t control "soft money" donations to political parties.

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PACs

Political Action Committees that raise money to support candidates who align with their interests, giving them major influence over elections.

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Independent Spending

Money spent by individuals or groups to support a candidate without coordinating with their campaign.

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Soft Money

Unlimited contributions to political parties for "party-building" activities (later restricted by McCain-Feingold).

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Hard Money

Limited, regulated contributions directly given to candidates for campaigns.

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Conflict of Interest

When politicians make decisions that benefit them or their donors instead of the public.

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Junkets

Free or heavily funded trips politicians take, often paid for by lobbyists or interest groups.

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Influence Peddling

Using political connections to gain favors, often in exchange for money or gifts.

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Private Campaign Financing

Candidates rely on donations from individuals, businesses, and PACs.

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Public Campaign Financing

Government funding helps limit private influence, but few candidates use it.

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Issue Advocacy

Ads or campaigns promoting issues rather than specific candidates, often used to bypass finance laws.

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527’s

Tax-exempt groups that raise unlimited money for political causes but can’t coordinate directly with candidates.

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McCain-Feingold Act

A 2002 law that banned soft money donations and placed limits on issue ads close to elections.

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Citizens United v FEC

Supreme Court decision that allowed unlimited corporate and union spending in elections, arguing money = free speech.

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Buckley v Valeo

Ruled that while contribution limits were legal, candidates could spend unlimited amounts of their own money.

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501(c)

Nonprofits that can raise unlimited money for political causes but don’t have to disclose donors.

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Matching Funds

Public money given to candidates who meet fundraising criteria, but most major candidates opt out.

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Proposed Reforms to Campaign Finance

Stricter limits on corporate and PAC spending, more transparency in donations, and public financing to reduce special interest influence.

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Lobbying

Trying to influence government decisions by talking to politicians and officials.

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Lobbyist

A person whose job is to convince lawmakers to support certain laws or policies.

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Political Action Committees (PACs)

Groups that collect money to help politicians who support their ideas win elections.

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Private Interest Groups

Groups that push for laws or policies that benefit a specific business, profession, or industry.

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Public Interest Groups

Groups that push for laws or policies that benefit the general public, not just one industry or group.

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Single-Issue Groups

Groups that focus on one leading cause, like gun rights or environmental protection.

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Coalitions

When different groups team up to push for a common goal.

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Market Share

The percentage of an industry or market controlled by a company or group.

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AFL-CIO

A big group of labor unions that fight for workers’ rights.

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UAW (United Auto Workers)

A union that represents auto industry workers.

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MEA (Michigan Education Association)

A union that represents teachers and school employees in Michigan.

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NRA (National Rifle Association)

A group that supports gun rights.

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AARP (American Association of Retired Persons)

A group that helps older adults with things like healthcare and retirement.

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Christian Coalition

A group that supports conservative Christian values in politics.

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Collective Good

Things that benefit everyone, like clean air or public safety.

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Disturbance Theory

The idea that interest groups form when people feel threatened by a change in society or government.

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Honest Leadership and Open Government Act of 2007

A law that tried to stop corruption by making lobbying more transparent.

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Social Capital

The connections and relationships people have that help them get things done in a community.

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“Right to Work” State

A state where workers can choose not to join a union, even if their workplace has one.

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Collective Bargaining

When workers, usually through a union, negotiate with employers for better pay and working conditions.

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Different Lobbying Techniques

Direct lobbying, grassroots lobbying, using the media, and donating to campaigns.

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Reasons for Labor Interest Groups Decline

Fewer factory jobs, more anti-union laws, and companies fighting against unions.

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“Grassroots” Organizations

Local groups made up of regular people working for change.

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Reasons for Waves of Interest Groups in U.S. History

Big historical events create new groups fighting for change.