Numerically, what is the race of the majority of the poor inthe United States?
Feminization of poverty
Average time a person is in poverty
Government wants tokeep a group of people unemployed during an economic recession until there isan economic boom so that they have a working force to take from.
Thorstein Veblen’sterm for a change from the thrift, savings, and invest-ments of the Protestantethic to showing off wealth through spending and the display of possessions
Ex. Jay leno & his cars
Earliest medium of exchange
Medium of exchange
What is the determining factor for inflation to occur?
Currency is issued ata higher rate then the gross domestic product.
Divest a company
In socialism, who or what determines what will be produced and what it will cost?
How would Karl Marx define “profit”?
Profit, he said, is the excess value that has been withheld from workers. He believes to be immoral.
If a corporation is sued who or what is responsible for thedebt? Assumption is the corporation lost the suit.
"Law states Corporation is to be treated a person"
the same people serving on the boards of directors of several companies
EX. Obama has been a member of numerous board of directors of multiple companies
the exercise of power and attempts to maintain or to change power relations
Power Relation wherever the power relation existsCan exist in families and in government
Why is every group considered as being political?
in every group there is a power struggle of some sort.
For a government to be stable, what quality must exist?
Things are going to practical they are going to be efficient, theres going to be laws.
Rules by writtenlaws.
authority based on law or written rules and regulations; also called bureau-cratic authority
Routinization of charisma
What is the key to determining if someone will vote?
How much they believeto have a stake in the political system
In the early 1900’s, what did U.S. born Americans fear the most from the massive wave of immigrants entering this country?
Political action committees
The three branch system of government designed to do what?