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| a lot more money in circulation than people need drives prices up |
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| inflation to the 10th degree excessive amount of inflation, 50 percent inflation in two consecutive months. |
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| government does not intrude |
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| purchasing power parity (PPP) |
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| uses GDP to compare buying power to see what country is richest |
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| Created free market, basis of liberal democracy, economic model, government intervention |
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| measures richest in country and poorest in country |
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| House of common elected by |
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| elected automatically by family line |
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| used as a thread scheduled automatically in session. If you dont do what i want ill take away your seat |
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| top down coming from congress to the people and people will vote to make it into a law. |
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| bottom up, public deciding we need a bill. People propose, congress votes and turns into a law |
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| three branches of government |
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| Government has some ownership of business, industries, etc. They have a say in how much produced, what should be produced, direct economy that way. They are not in full control. Partly owned by state. |
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| prime minister system, get things done faster |
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| prime minister isnt directly elected might not have support |
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| Franklin Deleanore Roosevelt FDR |
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| created a deal in response to the Great Depression |
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| group of organization that advocates for a specific purpose. Example boy scouts. Groups that have shared interest in something. |
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| influence political process |
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| Organization first needs to create pac (political action committee. Example is civil society |
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| Each has court (supreme court, federal constitution court) major courts are most powerful in countries and they rule on legislation that has been brought before them in a court case. |
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| doesnt have to be a court case |
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| Civil war southern states rebel new govnment was confederacy. New states have more power. States lose power. Federal government more power over the states. |
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| tight leash on states. Use power of presidency (executive noticed increased power). Shift in power |
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| single member district because two parties in power are dominant |
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| mixed member district. Lower house, half half. Split vote between party and person you like. Lower house is called idk. |
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| elected officials who cast votes for electorate (people in congress) |
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| people getting together and voting (passing laws. Each person counts as one say |
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| conservatives/Tories, liberal democrats, labor party |
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| Social democratic party (SDP), Christian democratic Union, Free democratic party, Green party, The left, National. |
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| republicans and democrats |
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| president and a prime minister |
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| political action committee |
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| A popular term for a political committee organized for the purpose of raising and spending money to elect and defeat candidates. |
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| Modernization theory suggests that all markets will eventually converge suggesting the globalization of markets is inevitable. centered around countries who are modernized will become democratic. take a common characteristic including democracy and capitalism |
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| property in terms of democracy |
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| property rights, not communism. |
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