Term
|
Definition
-Stocks, bonds, and income-producing real estate
-Automobiles and homes |
|
|
Term
| Concentrated forms of wealth |
|
Definition
| -Stocks, bonds, and income-producing real estate |
|
|
Term
| Consumption-oriented assets |
|
Definition
|
|
Term
|
Definition
| -The total value of the assets a person owns |
|
|
Term
|
Definition
| A persons monetary gain over a period of time |
|
|
Term
|
Definition
| -Stocks, bonds, and income-producing real estate |
|
|
Term
|
Definition
-Based on broad characteristics of wealth holders
-This class controls two-thirds of gross assets
-Most of their wealth is derived from investment assets |
|
|
Term
| Nearly propertyless class |
|
Definition
-Based on broad characteristics of wealth holders
-Most of their wealth is derived from home equiety and car equity |
|
|
Term
|
Definition
-Based on broad characteristics of wealth holders
-Most of their wealth is derived from savings accounts and CDs
-Families that mmay be described as savers rather than investors |
|
|
Term
|
Definition
| -The value of the assets a person owns less the amount of debt he or she owns |
|
|
Term
|
Definition
| -The value of a person's assets held at a point in time |
|
|
Term
Only rich people possess wealth |
|
Definition
|
|
Term
| Since automobiles and homes account for a large proportion of the assets of most families, they are the most concentrated forms of wealth |
|
Definition
|
|
Term
| Wealth is essentially accumulated income |
|
Definition
|
|
Term
| The higher the income level, the greater the contribution of wives' earnings to family income |
|
Definition
|
|
Term
| Wealth is more highly concentrated than income |
|
Definition
|
|
Term
| The net worth of the top 1 percent of households is equal to that of the bottom 90 percent |
|
Definition
|
|
Term
| The income of families in the top 5% grew at a faster pace during the Age of Shared Prosperity than during the Age of Growing Inequality |
|
Definition
|
|
Term
| During the Age of Growing Inequality, more Americans have attainted relative affluence |
|
Definition
|
|
Term
|
Definition
-This group was known as "beatniks" in the 1950s
-This group chamioned the ideas of the radical 1960s
-This group challenged elite notions of success and the ethos of social control
-This group is lifestyle group
-This group was known as "hippies" in the 1960's
|
|
|
Term
|
Definition
-President george Walker Bush is a member of this group
-Former President clinton is a member of this group
-This group is a generational group |
|
|
Term
|
Definition
-Former President George Herbert Walker Bush is a member of this group
-President George Walker Bush is a member of this group
-This group is known for its public service ethic
-This group is a lifestyle group
-Ranking in this group is based largely on who you know
-The president of Harvard University is a member of this group
-This group consists primarily of members of the capitalist and upper-middle classes
-This groups social world was built on prestige and exclusive association in the 1950's |
|
|
Term
|
Definition
-The most prestigious professions involve artistic self-expression as well as high income
-Microsoft, DreamWorks, Yahoo, and Starbucks are creations of members of this group
-People in this group work for self-cultivation and self-expression rather than for wages
-emphasizes the reform of society through culture
-former President Clinton is member of this group
-Lifestyle group
-ranking is based largely on what you know and what you do
-consists primarily of members of the capitalist and upper-middle class |
|
|
Term
| Couterculture capitalists |
|
Definition
| -This group mixes antiestablishment rebelliousness with private enterprise |
|
|
Term
|
Definition
-Ranking is based largely on what you know and what you do
-President of Harvard University is a member of this group |
|
|
Term
|
Definition
| -A national force, outside government, dedicated to a public ethos of toleration, liberty and goodness |
|
|
Term
|
Definition
-Former President George Herbert Walker Bush is member of this group
-President George Walker Bush is member of this group
-known for its public service eithic
-lifestyle group
-ranking is based largely on who you know |
|
|
Term
|
Definition
-Educated elite is found in this group
-Former President Clinton is member of this group
-Ranking is based largely on what you know and what you do
-Socioeconomic Class |
|
|
Term
|
Definition
-Championed the enterprising ethos of the 1980's
-Name given to young, urban professionals in the 1970's and 1980's.
-Lifestyle group |
|
|
Term
|
Definition
-Educated at prestige universities
-Investors, Heirs, and Top executives
-Ownership of substantial income-producing assets
|
|
|
Term
|
Definition
-College-trained professionals and upper managers
-Distinguished by college education
|
|
|
Term
|
Definition
-At least high school education, often college
-Crafts workers and foremen
-Nonretail sales workers
-Semiprofessional and lower managerial jobs |
|
|
Term
|
Definition
-High school education
-Retail sales workers, low-paid operatives
-Semiskilled machine operatives, low-level white collar workers, retail sales workers |
|
|
Term
|
Definition
-This group owns and/or manages the major corporations
-Corporate executives are found in this group
-This group is dominated by White Anglo-Saxon Protestants
-People who receive more than half their income from invested wealth
-This group is socioeconomic class |
|
|
Term
|
Definition
-This group owns and/or manages the major corporations
-this group is dominated by White Anglo-Saxon Protestants
-corporate executives are found in this group
-Top corporate executives and extremely wealth families with substatial stakes in major corporations |
|
|
Term
|
Definition
| -The list compiled annually by Forbes magazine of the 400 wealthiest individuals in the United States |
|
|
Term
|
Definition
| -A community's bankers, real estate investors, and department store owners |
|
|
Term
|
Definition
| The separation of ownership of corporations from their control |
|
|
Term
|
Definition
-This group owns and/or manages the major corporations
-Corporate executives are found in this group
-This group is dominated by White Anglo-Saxon Protestants |
|
|
Term
|
Definition
Ford Motor Company, Hearst newspapers, Campbell soup, and Hilton Hotels are creations of members of this group
-These corporate heads mphasized the goal of earning profits |
|
|
Term
|
Definition
-Corporate executives are found in this group
-This group is distinguished by its identification with select prep schools, the Social Register, and proper metropolitan men's clubs
-This group's social world is built on prestige and exclusive association
-This group is a status or prestige group |
|
|
Term
|
Definition
-This group is dominated by White Anglo-Saxon Protestants
-This group makes the key decisions of the corporation
-These corporate heads originally pursued such goals as corporate growth, technological progress, and public esteem for self and company |
|
|
Term
| Corporations are generally controlled by vast numbers of stockholders |
|
Definition
|
|
Term
| Key decisions of the corporation are made by top corporate executives |
|
Definition
|
|
Term
| There are still entrepreneurial families that exercise considerable power over corporate resources |
|
Definition
|
|
Term
| Although not all members of the capitalist class have upper class backgrounds, there is a significant overlap between the top wealth class and the national upper class |
|
Definition
|
|
Term
| Families whose wealth was established at the turn of the century continue to make up the majority of the wealthy |
|
Definition
|
|
Term
| Only individuals whose wealth is inherited are listed in Forbes 400 |
|
Definition
|
|
Term
| Being listed in Who's Who in America is an indication of a person's upper-class status |
|
Definition
|
|
Term
| Being listed in the Social Register is an indication of a family's upper-class status |
|
Definition
|
|
Term
| The capitalist class consists of families for whom over one-half of their income comes from wages |
|
Definition
|
|
Term
|
Definition
| -This perspective is held by Dennis Gilbert |
|
|
Term
|
Definition
-Interest groups are the principle actors in the policy-making process
-Power at the national level constantly shifts from one source to another, with no stable leadership group emerging
-The POTENTIAL for power associated with top institutional positions is not equivalent to ACTUAL power which assumes active participation in decision-making
-This perspective of power is held by David Riesman |
|
|
Term
|
Definition
-Elites are highly interlocked
-The masses are largely passive, apathetic, and ill-informed about public policy
-Elites are drawn from among wealthy, educated, WASP groups in the upper class
-People are powerful only when they occupy positions of authority and control in social organizations
-Power is a product primarily of the holding of key institutional positions
-This theory was developed by C. Wright Mills |
|
|
Term
|
Definition
-Members of the political elite are agents of a national ruling class
-Power is based on the ownership and/or control of productive property
-Power is highly concentrated within the top leadership of the Federal government and big business
-Paul Sweezy is a proponent of this theory |
|
|
Term
|
Definition
-Elites are specialized
-Different groups of individuals exercise power in various sectors of society and acquire power in different ways
-High social background, wealth, or WASP identity does not guarantee access to top positions
-Stanley Rothman holds this perspective |
|
|
