Key Terms for Chapter 10 Democratic Laissez faire Free market Judicial review Create a Key Terms section in your journal Write the WORD DEFINITION and PICTURE You have 10 minutes Democratic ID: 648522
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Chapter 10
Section 1A Republican Takes OfficeSlide2
Key Terms for Chapter 10
DemocraticLaissez faireFree marketJudicial review
Create a Key Terms section in your journal.
Write the WORD, DEFINITION, and PICTURE.
You have 10 minutes. Slide3
Democratic
Democratic means…A. Popular Sovereignty B. Ensuring that all people have the same rightsC. A person who supports Andrew JacksonD.
a political movement advocating a gradual and peaceful transition from capitalism to socialism by democratic meansSlide4
Democratic
Democratic means…A. Popular Sovereignty B. Ensuring that all people have the same rightsC. A person who supports Andrew Jackson
D. a political movement advocating a gradual and peaceful transition from capitalism to socialism by democratic meansSlide5
Laissez faire
Laissez Faire means…A. the idea that government should play a big role in economic affairsB. A French Pastry C. the idea that government should be fair D. idea that government should play as small a role as possible in economic affairsSlide6
Laissez faire
Laissez Faire means…A. the idea that government should play a big role in economic affairsB. A French Pastry C. the idea that government should be fair D. idea that government should play as small a role as possible in economic affairsSlide7
Free Market
Free Market economy isA. economic system in which individuals, rather than the government, decide what and how much to produce and sellB. an economic system that gives government, instead of individuals, the right to decide how much to produce and sellC. The idea that the market is free and is controlled by anyone. Slide8
Free Market
Free Market economy isA. economic system in which individuals, rather than the government, decide what and how much to produce and sellB. an economic system that gives government, instead of individuals, the right to decide how much to produce and sellC. The idea that the market is free and is controlled by anyone. Slide9
Judicial review
Judicial Review is…A. The power of the judicial branch to review all government actions.B. the power for Congress to review Judicial decisionsC. power of the Supreme Court to decide whether acts of a President or laws passed by Congress are constitutional. Slide10
Judicial review
Judicial Review is…A. The power of the judicial branch to review all government actions.B. the power for Congress to review Judicial decisionsC. power of the Supreme Court to decide whether acts of a President or laws passed by Congress are constitutional. Slide11
C-Notes
SET UP C-NOTESSlide12
Jefferson’s Democratic Style
Jefferson believed the nation’s strength came from ordinary people.
Jefferson wanted the government to be more democratic.Slide13
Jefferson’s Democratic Style
Democratic
- all people have the same rights.
Jefferson acted like a common man & promised not to treat the Federalists badly.Slide14
CFU:
Jefferson stated “we are all Republicans, we are all Federalists.” What do you think Jefferson means by this quote? Slide15
A Smaller Role for the Government
Jefferson & Gallatin (secretary of Treasury) reduced the federal budget & spent less.Slide16
A Smaller Role for the Government
Jefferson believed in an economic idea known as Laissez Faire. Laissez Faire
- a French term meaning “let alone”. The idea that govt. should play as small a role as possible in economic affairs.Slide17
A Smaller Role for the Government
Free Market
(Enterprise)- Economic system in which individuals, rather than the government, decide what and how much to produce and sell. Slide18
A Smaller Role for the Government
Jefferson made the govt. & military smaller.
The sedition act expired the day before Jefferson took office. Jefferson pardoned those who were in jail because of it.
He also asked Congress to restore the law allowing foreign-born people to become citizens after only a five-year waiting period. Slide19
A Smaller Role for the Government
Jefferson did keep the Bank of the U.S. Jefferson also continued the federal government to pay off state debts, which had taken over while Washington was President. Many federalists kept their government jobs. Slide20
CFU:
What two ways did Jefferson continue Federalist policies? List 3 changes Jefferson made during his presidency. Slide21
Guided practice
Free enterprise activityIn groups match the word to the definition.Slide22
Capitalism
an economic system in which the means of production are privately owned and operated for profitFree Enterprise System when individuals and businesses are free to make their own economic choices
Private Enterprise
In this country, the decision whether or not you should go into computer services or any other kind of enterprise (business) is basically yours alone to make. You will decide what fees to charge and what hours to work. Certain laws prohibit you from cheating or harming your customers or other people. But, in general, you will be left alone to run your business as you see fit.
Right to Private Property
Private property is a piece of land, a home, or a car owned by an individual, a family, or a group. It differs from a public building, or public property, such as the city hall, a park, or a highway, all of which provide a government service for all citizens. In the U.S. economic system, people's right to buy and sell private property is guaranteed by law. People must use the property in safe and reasonable ways, of course. In setting up computer systems for your customers, for example, you do not have the right to interfere with the electrical, telephone, or computer systems of other people.
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Profit Motive
The main reason why you or any enterprising person organizes a business is to make money. You do this by earning more money than you spend. The amount of money left over after subtracting your business expenses from your business income is known as your profit. In the free enterprise system, business firms try hard to keep costs down and increase their income from sales. The better they succeed at this, the higher are their profits. Economists describe the efforts by business firms to earn the greatest profits as the profit motive.
Competition
Just as you are free to start a computer business, so is everyone else. The rivalry between sellers in the same field for consumers' dollars is called competition. If your business is profitable, it is likely that others will enter the same business hoping to be as successful as you are. They will be competing with you for the same customers. To win a share of the computer business, other sellers may try to offer more and better services, or services at lower prices. Because of the pressure of competition, business firms must constantly try to provide the best services and create the best products at the lowest possible prices.
Consumer Sovereignty (choice)
In the end, it is the customers, or consumers, who determine whether any business succeeds or fails. In the U.S. free enterprise economy, consumers are said to have sovereignty-the power or freedom to have final say. Consumers are free to spend their money for Product X or for Product Y. If they prefer Y over X, then the company making X may lose money, go out of business, or decide to manufacture something else (perhaps Product Z). Thus, how consumers choose to spend their dollars causes business firms of all kinds to produce certain goods and services and not others.Slide24
Guided Practice
Then fill in the graphic organizer. Place the terms in the appropriate space. Slide25Slide26
Writing Reflection
In your opinion, what are the advantages and disadvantages of the free enterprise system? Slide27
Exit Ticket
What is Laissez Faire and free enterprise? How did Jefferson’s presidency reflect a democratic style?What actions did Jefferson take to reduce the power of the federal government?Slide28Slide29Slide30
Strengthening the Supreme Court
Adams chose several judges before he left office.
Judge Marshall tried to make the courts more powerful.Slide31
Strengthening the Supreme Court
Jefferson tried to keep Marbury off of the Supreme Court & Marbury sued Madison.
Marbury v. Madison
- court case that said the Supreme Court could decide if laws are constitutional.Slide32
Strengthening the Supreme Court
S. Court ruled against Marbury.
S. Court gained power of judicial review.Slide33
Strengthening the Supreme Court
Judicial Review
- power to decide if acts of the president or Congress are constitutional.
Jefferson was upset the court gained this power.