Term
is a conglomerate
that owns the securities of other firms.
It usually maintains voting control over
these companies as well.
Ex: Billionaire Warren Buffett's Berkshire
Hathaway, which owns GEICO, Executive
Jet, The Pampered Chef, Mohawk
Industries, Clayton Homes, and Dexter
Shoe Company, among many other
businesses is a holding company. |
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Definition
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Term
America's largest public power
company, with 31,658 megawatts of
generating capacity. |
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Definition
| TVA Tennessee Valley Authority |
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Term
involves the use of the
law, mandated by the state, to produce
outcomes which might not otherwise occur. |
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Definition
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Term
political ideology that
holds that the common person is
oppressed by an elite in society, which
exists only to serve its own interests. |
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Definition
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Term
a large business entitity that tries to
control a market and/or become a monopoly. |
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Definition
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Term
launched the
'trust-busting' era when he appointed the U.S.
Industrial Commission on trusts, which
interrogated Carnegie, Rockefeller, Schwab, and
other industrial titans. The report of the Industrial
Commission was seized upon by Theodore
Roosevelt, who based much of his presidency on
"trust-busting". |
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Definition
| William Mckinley/ Roosevelt |
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Term
Standard Oil was an oil refining company
founded by |
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Definition
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Term
| is America’s Central Bank. |
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Definition
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Term
The FED's main role in the economy is to
conduct the nation’s... |
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Definition
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Term
is where the Federal
Reserve redeemed cash for gold. |
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Definition
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Term
________ President Franklin D.
Roosevelt's legislative agenda for
rescuing the United States from the Great
Depression. It was widely believed that the
depression was caused by the inherent
instability of the free-markets and that
government intervention was necessary to
rationalize and stabilize the economy. |
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Definition
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Term
On __________ the crash of the U.S.
stock market—known ever since as "Black
Tuesday"—triggered a worldwide financial
crisis. In 1929-33, unemployment in the U.S.
soared from 3 percent of the workforce to 25
percent, while manufacturing output
collapsed by one-third. |
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Definition
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Term
is the US governing body
which has primary responsibility for
overseeing the regulation of the
securities industry. |
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Definition
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Term
_____________(1964-1968) was a
campaign of legislation and social
services aimed at reducing or
eliminating poverty in the US. The
term was first introduced by ______________________ during his State of the
Union address. The legislation was
designed in response to the poverty
affecting over 35 million Americans. |
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Definition
War on Poverty
Lyndon
B. Johnson |
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Term
| What act did the War on Poverty yield, which was signed on August 20, 1964. |
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Definition
Economic
Opportunity Act of 1964 |
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Term
On July30, 1965 Johnson advanced
the "war" by signing the _______________ into law, which
established______________
in the US. |
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Definition
Social Security Act of 1965
Medicare and Medicaid |
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Term
When prices rise the market value
or purchasing power of money falls. |
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Definition
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Term
__________ are wage and price controls
used to fight inflation. |
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Definition
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Term
represents a vicious cycle process in
which different sides of the wage
bargain try to keep u |
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Definition
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Term
a simple
measure of the payments in financial
capital that flow from one nation to
another. |
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Definition
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Term
is a more
fundamental measure of underlying
goods and services, rather than the
money that pays for them. |
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Definition
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Term
War fought between Israel on one side,
and Egypt and Syria on the other, backed
by Iraq and Jordan and supported
economically by Saudi Arabia.
The war lasted for 3 weeks, and started on
October 6, 1973 and ended on October 22
on the Syrian front and on October 26 on
the Egyptian front. |
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Definition
Yom Kippur War
The Arab Oil Embargo |
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Term
of the 1970s was a
combination of economic stagnation,
high unemployment and high
inflation.
Jimmy Carter’s famous speech
described the America’s selfconfidence
due to these problems. |
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Definition
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Term
became the
“minister of planning” in a new government that
came to power in 1985. |
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Definition
| Gonzalo Sanchez De Losada |
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Term
The first draft of De Losada’s
shock therapy script was |
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Definition
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Term
eliminated all price
controls, instituted drastic budget cuts, slashed
tariffs to introduce competitive pricing in the
economy, and began a radical restructuring of the
public sector and a reduction in its spending. |
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Definition
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Term
refers
to a form of economic policy in which
there is a sudden decontrol of prices,
drastic budget cuts, reduction in trade
barriers, and a radical restructuring of
the public sector and a reduction in its
spending. |
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Definition
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Term
| The traditional “statist” approach in Latin America was greatly influenced by what was known as |
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Definition
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Term
| rationalized state dominance through import barriers, a closed economy, and a general demotion of the market and the market system. |
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Definition
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Term
rejected the benefits of
free global trade. |
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Definition
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Term
argued that the world economy was
divided into the “industrial center” –the US and
Western Europe-, and the commodity
producing “periphery”, meaning that the center
would consistently exploit the periphery. |
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Definition
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Term
was not a method to raise
standards of living but rather a form of
exploitation and robbery |
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Definition
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Term
| Rather than exporting commodities and importing finished goods, these would move as rapidly as possible toward... |
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Definition
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Term
| had caused Mexico to go broke. |
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Definition
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Term
its implementation was so
intertwined with repression and dictatorship. |
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Definition
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Term
came to power and embarked on a
program of massive nationalization and
expropriation, along with price controls. |
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Definition
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Term
The Allende
government was toppled in a coup d’etat led by___________, who in turn
established a repressive dictatorship. |
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Definition
| General Augusto Pinochet, |
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Term
A program opposed to Allende
government policies existed in a document called |
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Definition
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Term
| From The Brick- Chilean economists educated at the University of Chicago |
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Definition
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Term
rapidly instituted a host of
fundamental reforms. They freed prices,
liberalized trade, and deregulated the financial
sector.
They privatized massively, reducing the number of
state enterprises from five hundred in 1973 to just
twenty-five by 1980. |
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Definition
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Term
In the years after WWII, he was the
embodiment of “populism” with an almost a
“fascist” twist. |
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Definition
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Term
turned Argentina into corporatist state,
with powerful interest groups –big business,
labor unions, military, farmers- that negotiated
with the state and each other for position and
resources. |
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Definition
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Term
nationalized large parts of the economy
and put up trade barriers to defend them. He
was also popular until Evita’s death in 1952. |
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Definition
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Term
In 1982, in a desperate gamble to restore its
authority and popularity, the military attacked.... |
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Definition
| the British Falkland Islands –Malvinas-. |
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Term
His policies were initially described as “a mismatch of misunderstood notions, some from Mussolini,
some from Keynes”. He was also described as “Peron with sideburns” with a platform of populism, handouts, and spending. |
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Definition
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Term
the
problem of Argentina was the coexistence of
“a socialism without plans and a capitalism
without markets”. |
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Definition
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Term
a system by which a currency is convertible at a fixed exchange
rate with another currency.
This can mean that the currency is fully backed by another currency, e.g. the US dollar. |
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Definition
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Term
became the foreign minister
and then, the following year, finance minister of Brazil. He slashed government spending and improved tax collection. |
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Definition
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Term
| In order to deal with hyperinflation running at 7,000%, Cardoso implemented the ______ for Brazil. |
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Definition
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Term
tied the Brazilian currency to
the US dollar. |
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Definition
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Term
In January 1999, facing a shortage of hardcurrency
reserves, Brazil took a radical step
of adopting.... |
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Definition
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