Civics Study Guide

Topics: Federal government of the United States, Monetary policy, Independent agencies of the United States government Pages: 3 (707 words) Published: March 10, 2013
Owen Hewitt
Week 13
Mrs. Body
Civics Study Guide #13
Section A
The five steps to policy making are: Recognizing the problem, formulating the policy, adopting the policy, implement the policy, and evaluating the policy. Americas economic system is based on free enterprises.

The federal reserve board is responsible for monetary policy or the control of money supply. The two main theories of U.S. fiscal policy are Keynesian economics and supply side economics. The largest source of federal revenue is the federal income tax. Regressive taxes hit the poor harder; progressive taxes very with a persons ability to pay. The three largest expenditures of the federal government are for entitlements, national defense, and the national debt. About 70% of items in the budget are uncontrollable.

Section B
Domestic policy focuses on concerns within the united states, while foreign policy is concerned with the U.S. interactions with other countries. Three key laws that target eliminating monopolies were interstate commerce, Sherman antitrust, and Clayton. Four key laws that sought to regulate labor were wagner, fair labor standards, taft hartly, and landrun griffin. To enforce the Clayton act, congress established the federal trade commission in 1914. Although monopolies have largely disappeared, two newer threats to competition are oligopoly and conglomerate. The government agency that plays a key role in regulating the environment is the ERA, or environmental protection agency. The federal water pollution control act has two goals: to make U.S. waters clean enough for swimming and wildlife and to end pollution of the nations waterways. Section C

The government has three main concerns in the American health care system: research and supervision, cost control, and access. President bill Clinton proposed a national health insurance program to congress in 1993. Three interest groups who helped defeat it were American medical association, pharmaceutical manufacturer...
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