with 100% Correct
Sherman's Anti - trust Act - Answer End of 1880s
decided monopolies = too powerful due to stronghold on their industries
created procedures to breakup monopolies to invite/create competition ( occurred due
to Rockefeller oil industry)
undermined the fair market (ex: meat and drug standards)
The New Deal Administrative State - Answer 1930s
created to ensure the GD doesn't happen again
created bank insurance (if the bank fails again)
ended insider trading
created entitlement programs (social security)
changes occurring benefit the avg. american
The Great Society - Answer 1960s; President Lyndon B. Johnson;
-Set of domestic programs proposed by Johnson,
- creation of spending programs that addressed education, medical care, urban
problems, and transportation
focus on an increase in gov't and an increase in services (medicare + medicaid)
Regan's Revolution - Answer 1980s -
ideology of not wanting to go to the government for everything
roll back power of federal gov't due to "inefficiency" (did not work)
, Rulemaking - Answer The process undertaken by an administrative agency when
formally adopting a new regulation or amending an old one. Rulemaking involves
notifying the public of a proposed rule or change and receiving and considering the
public's comments.
inner circle cabinets - Answer oldest cabinet agencies in U.S. gov't
considered to be maintenance of the functioning of the nation
(ex: secretary of defense, treasury of state)
closest to the president (the president takes more care in appointment)
tend not to be captured by outside interests and clients
outer circle agencies - Answer the younger the agency the farther away from the
president the secretary sits
clientele agencies - Answer a department or bureau of government whose mission is to
promote, serve, or represent a particular interest
ex: department of Ag. (clients is the ag. industry)
dept. of veterans affairs
dept. of education
hard to direct them collectively when they all don't agree
iron triangles - Answer tend to dictate the clientele agencies
does not provide good oversight due to how tight these sides get to each other
ex: deep water horizon crisis
Principle Agent Theory - Answer problem that happens anytime we delegate power to
somebody