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Conservative
Beliefs include limited government intervention in economy, traditional social values (family, religion), strong national defense, and an emphasis on personal responsibility and free markets.
Liberal
Beliefs include that government has a role in solving social and economic problems, emphasis on civil rights, equality, and social justice, and support for environmental protection and labor rights.
Democrats
Ideology is center-left, liberal; base includes minorities, urban, younger voters, and labor unions; policy priorities include healthcare access, environmental regulations, social justice, and worker protections.
Republicans
Ideology is center-right, conservative; base includes older voters, rural, business interests, and religious groups; policy priorities include tax cuts, deregulation, free-market principles, and strong national defense.
Libertarians
Ideology is minimal government intervention in economy and maximal personal freedom; socially liberal and economically conservative; examples include legalization of marijuana and elimination of unnecessary regulations.
Fiscal Policy
Definition: Government's use of taxation and spending to influence the economy.
Tools of Fiscal Policy
Include government spending on infrastructure projects, education, defense, and social programs, and taxation strategies to influence economic activity.
Expansionary Fiscal Policy
Involves increasing spending and cutting taxes to stimulate economic growth.
Contractionary Fiscal Policy
Involves decreasing spending and raising taxes to slow inflation.
Keynesian Economics
Founded by John Maynard Keynes, it posits that government intervention can stabilize the economy.
American Recovery and Reinvestment Act
A 2009 stimulus aimed at boosting demand during a recession.
Political Culture
Definition: Shared values, beliefs, and norms about politics.
Liberty
Freedom of speech, religion, and press.
Equality
Political equality (voting rights) and legal equality.
Democracy
Popular sovereignty and participation.
Civic Duty
Obligation to participate in civic life.
Individual Responsibility
Belief that success or failure is due to personal effort.
Historical Examples of Fiscal Policy
New Deal (1930s) as expansionary spending during Great Depression; Bush Tax Cuts (2001-2003) as stimulus via tax reductions.
Policy Preferences of Conservatives
Lower taxes, deregulation, and opposition to expansive welfare programs.
Policy Preferences of Liberals
Progressive taxation, social welfare programs (Medicare, Medicaid, Social Security expansion), and regulations on business for safety, environment, and labor.
Differences in Ideology and Party Alignment
Comparison of economic policy, social policy, role of government, and foreign policy among Liberals, Conservatives, Democrats, Republicans, and Libertarians.
Political Socialization
Process of forming political attitudes and beliefs
Agents of Socialization
Factors that influence the formation of political attitudes
Family
Primary and most influential factor in political socialization
Education
Provides civic knowledge, debate, and historical context
Peer Groups
Friends and colleagues that influence attitudes
Media
Includes news, social media, and political commentary
Religion
Shapes moral values and policy preferences
Life Events
Events like wars, economic crises, and social movements that influence political views
Generations and Political Tendencies
Different generations exhibit distinct political characteristics and tendencies
Silent Generation
Born 1925, loyal and disciplined, Republican-leaning conservative
Baby Boomers
Born 1946, civic-minded, historically Democratic, recent swing toward Republican
Generation X
Born 1965, independent, moderate, with libertarian tendencies
Millennials
Born 1981, tech-savvy, socially liberal, Democratic-leaning
Generation Z
Born 1997, digital natives, liberal, activist-oriented
Polling & Public Opinion
Study of how public opinion is measured and analyzed
Accurate Polls
Must be random, representative, and unbiased
Sample Size
Larger sample size leads to a smaller margin of error
Question Wording
Should avoid leading or confusing phrasing
Types of Polls
Different types of polls serve various purposes
Entrance Poll
Predicts election outcome before voting
Exit Poll
Analyzes how different groups voted
Push Poll
Attempts to influence opinions through biased questions
Tracking Poll
Follows opinion trends over time
Sampling Error
The expected range by which a sample may differ from the population
Sampling Error Formula
±(1/√n) where n = sample size
Federal Reserve
Central bank of the U.S. that controls the money supply
Expansionary Policy
Increases money supply to stimulate the economy
Contractionary Policy
Decreases money supply to curb inflation
Supply-Side Economics
Reducing taxes for wealthy/businesses to stimulate investment and economic growth