Political Ideologies and Beliefs Vocab

agents of socialization

where we get our beliefs from (ex. family, social media, gender, school, race, religion)

conservatism

- traditional values

- limited government

- capitalism

liberalism

- progressive

- social issues

- government interference

federal reserve board

a federal independent agency that regulates the nation's banking and financial industry

fiscal policy

government policy that attempts to manage the economy's speed (boosting it or cooling it down) by controlling taxation and spending.

gender gap (political)

the difference between the political opinions of men and women.

internal revenue service (IRS)

- collects taxes

- branch of the U.S. Treasury Department

keynesian economics

- government spending should increase during business slumps and decrease during booms.

- John Maynard Keynes

- based on demand-side economics

medicaid

- financial aid for low-income

medicare

- health insurance for 65+ years old

monetary policy

- balancing the economy by altering interest rates and money supply, to control inflation and growth

- controlled by the central bank

NAFTA

- allows open trade with the US, Mexico, and Canada

- North American Free Trade Agreement

patient protection & affordable care act

- health care reform law

- aimed to reduce the number of uninsured individuals and decrease health care costs

- includes incentives and penalties for employers providing health insurance as a benefit

political culture

values widely shared in society (ex. freedom, pursuit of happiness)

political ideology

a specific, consistent set of beliefs about what policies the government should pursue and how they should do it (ex. how to handle abortion, immigration)

political socialization

the process of how people gain their political beliefs and opinions

progressive tax system

tax increases as pay increases

public opinion polls

surveys/interviews with citizens that are used to estimate the opinions and beliefs of the entire population

reapportionment

the process of reallocating seats in the House every 10 years based on the census.

16th amendment

Allows the federal government to collect income tax

social security

retirement benefits

supply-side economics

- cutting taxes

- less taxes will lead to more investments, which creates more job opportunities