ISMS
Political system in which the government owns and operates all factors of production
COMMUNISM
Identified class struggle as the central social factor in human history. He believed that capitalism would create great inequality by concentrating wealth in the hands of a few, while making the rest of the people weak and dependent.
KARL "THE MUSTACHE" MARX
The cycle that the economy experiences either at it's highest point or lowest.
BOOM AND BUST
A government ruled by a king or queen
Monarchy
Very large and scary flightlessbird
OSTRICH
Left-wing political system where the principle means of production, distribution and exchange are in common ownership.
SOCIALISM
Following a march on Rome, this man held all the power in Italy as the country's prime minister from 1922 until 1943.
BENITO MUSSOLINI
An economic system based on private property and free enterprise.
CAPITALISM
A government in which power is in the hands of a hereditary ruling class or nobility
Aristocracy
Semi-autonomous country under Chinese rule with a population of 7.5 million
HONG KONG
An anti-authoritarian political philosophy that rejects hierarchies deemed unjust and advocates their replacement with self-managed, self-governed societies based on voluntary, cooperative institutions.
ANARCHISM
Under this man the Soviet Union was transformed from a peasant society into an industrial and military superpower.
JOSEPH STALIN
Advocated for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression
JOHN MAYNARD KEYNES
"Tear down this wall" is a line from a speech in 1987 made by this U.S. 40th president. He called for the General Secretary of the Communist Party of the Soviet Union, Mikhail Gorbachev, to open the Berlin Wall, which had divided West and East Berlin since 1961. He is also famous for "Trickle-down economics"
RONALD REAGAN
This is China's currency (¥ )
YEN or "YUAN"
A policy or ideology of extending a nation's rule over foreign nations, often by military force or by gaining political and economic control of other areas.
IMPERIALISM
"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable." Who said this?
ADAM SMITH
Promoted the idea that private investment, rather than government spending, would promote sustainable growth. In 1974 he won the Nobel Prize for Economics for his pioneering work in the theory of money and economic fluctuations
FRIEDRICH HAYEK
Vatican City (where the pope lives) has this type of governmental system
THEOCRACY
The capital of South Dakota
PIERRE
A political approach that strives to appeal to ordinary people who feel that their concerns are disregarded by established elite groups.
POPULISM
Co-author of The Communist Manifesto, this man was a German philosopher, communist, social scientist, journalist and businessman.
FRIEDRICH ENGELS
The term for a general increase in prices and fall in the purchasing value of money.
INFLATION
The number of members in the House of Representatives (The larger half of Congress)
435
When is Jake's Birthday
October 18th