About This Chapter
Who's it for?
Anyone who needs help learning or mastering American government material will benefit from taking this course. There is no faster or easier way to learn American government. Among those who would benefit are:
- Students who have fallen behind in understanding the definition and types of economic and fiscal policy
- Students who struggle with learning disabilities or learning differences, including autism and ADHD
- Students who prefer multiple ways of learning political science (visual or auditory)
- Students who have missed class time and need to catch up
- Students who need an efficient way to learn about economic and fiscal policy
- Students who struggle to understand their teachers
- Students who attend schools without extra political science learning resources
How it works:
- Find videos in our course that cover what you need to learn or review.
- Press play and watch the video lesson.
- Refer to the video transcripts to reinforce your learning.
- Test your understanding of each lesson with short quizzes.
- Verify you're ready by completing the economic and fiscal policy chapter exam.
Why it works:
- Study Efficiently: Skip what you know, review what you don't.
- Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
- Be Ready on Test Day: Use the economic and fiscal policy chapter exam to be prepared.
- Get Extra Support: Ask our subject-matter experts any economic and fiscal policy question. They're here to help!
- Study With Flexibility: Watch videos on any web-ready device.
Students will review:
This chapter helps students review the concepts in an economic and fiscal policy unit of a standard American government course. Topics covered include:
- Regulatory policy processes and examples
- The business cycle
- Fiscal policy defined
- The monetary policy and the Federal Reserve System
- Government activities that protect the U.S. economy
- Government activities that promote U.S. economic interests
1. Regulatory Policy: Definition, Processes & Examples
The following lesson covers how the U.S. government uses its regulatory policy to oversee business activities. A short quiz will follow the lesson to check your understanding.
2. The Business Cycle: Economic Performance Over Time
Learn the economic terms that describe economic performance over time and how indicators such as unemployment and inflation behave throughout these economic fluctuations.
3. What is Fiscal Policy?
The following lesson will cover how the U.S. government uses fiscal policy to affect the economy. A short quiz will follow the lesson to check your understanding.
4. Monetary Policy & The Federal Reserve System
This lesson covers the Federal Reserve System's use of monetary policy to help promote the economy. A short quiz will follow the lesson to check your understanding.
5. How the Government Protects the U.S. Economy
The following lesson will cover the ways in which the government protects the U.S. economy and ensures stable economic growth. A short quiz will follow the lesson to check for your understanding.
6. How the Government Promotes Economic Interests
The following lesson will cover how the government promotes its economic interests through businesses, labor, and agriculture. There will be a short quiz following the lesson to check your understanding.
7. What is Fiscal Policy? - Definition, Effects & Example
Government taxing and spending has broad implications for the overall economy. In this lesson, you'll learn about fiscal policy, what it is and how it affects the economy.
8. Block Grants: Definition & Examples
Block grants are large chunks of money given to local governments by the federal government with few strings attached. They are the opposite of categorical grants. In this lesson, we'll look at some examples and discuss arguments for and against block grants.
9. Cash Crop: Definition & History
Learn about the cash crop - what it is, why and where it is grown, and who buys it. Also, learn why farmers grow cash crops now more than ever. After the lesson, take a quiz to test your knowledge.
10. Categorical Grants: Definition & Examples
Categorical grants are the way in which the federal government influences local and state governments. These kinds of grants come with strict rules on their spending. We'll explore these limitations and look at some examples in this article.
11. Deficit Spending: Definition & History
Deficit spending is an important, but controversial part of today's politics. This lesson covers the basics of deficit spending and its history, then presents some critiques of the practice.
12. Economic Power: Definition and Ranking
Learn about different kinds of international economic power and how nations are compared with each other economically. When you are finished, take the quiz and see what you've learned.
13. FDIC: Definition, History & Purpose
The Federal Deposit Insurance Corporation (FDIC) exists to protect the deposits of bank customers up to $250,000. In this lesson, learn how and why the FDIC began as well as its purpose. Conclude your lesson with a short quiz to test what you have learned.
14. Fiscal Federalism: Definition, Theory & Examples
This lesson will explain what fiscal federalism is, how it works, and examine a few examples from America's government and history, including a look at one of the largest federal- and state-funded programs: Medicaid.
15. Government Failure: Definition & Examples
In this lesson you will learn what government failure is. The lesson will discuss when the term was coined, and also offer a few examples of government failure.
16. Greenbacks: Definition & History
Should money be paper or gold? This was the big debate after the Civil War. Learn about greenbacks, the Greenback Labor Party, and the argument over 'hard' and 'soft' money, and check your reading with a quiz.
17. History of Income Tax
If you have looked at your paycheck closely, you have noticed that the government has taken a portion of your income. In this lesson you will learn about the history, purpose, and benefits of income taxes. Then, take a short quiz to see what you learned.
18. The Force Bill: Definition, History & Effects
In a showdown over a federal tariff law in 1832, South Carolina and the Federal Government, under President Andrew Jackson, almost came to blows. The center of this controversy was the Force Bill. Learn about the crisis surrounding the Force Bill, and check your knowledge with a quiz.
19. What is a Developing Economy? - Definition, Characteristics & Features
Learn about what a developing economy is by seeing what makes up a developing economy. When you are finished take the quiz and see what you've learned.
20. Nixon Shock: Definition & Effects
In this lesson, you will learn the definition of Nixon Shock and the international economic circumstances surrounding it. You will also learn about the results of Nixon Shock.
21. The Bretton Woods Agreement: Definition & Collapse
The Bretton Woods Agreement was approved in 1944 to address the financial concerns of post-war reconstruction and recovery. In this lesson, we will review the key elements and its eventual collapse.
22. Rational Choice Theory: History & Theorists
What motivates people's decision making? In this lesson, we'll talk about rational choice theory, which suggests that people are rational actors and will make the choice that maximizes benefit or reward while minimizing cost.
Earning College Credit
Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
Other chapters within the American Government: Help and Review course
- Introduction to the Study of American Government: Help and Review
- The Study of American Government
- Different Forms of Government
- Constitutional Democracy: Help and Review
- Federalism in the United States: Help and Review
- American Political Culture, Opinion, and Behavior: Help and Review
- Civil Liberties: Help and Review
- Civil Rights: Help and Review
- Comparative Law
- Political Parties in the United States Government: Help and Review
- Interest Groups and American Democracy: Help and Review
- The Media and American Democracy: Help and Review
- The Federal Bureaucracy in the United States: Help and Review
- The Presidency: Election, Powers, and Practice: Help and Review
- The Congress: Election, Powers, and Representation: Help and Review
- The Federal Judicial System: Help and Review
- The U.S. Federal Judicial System
- Public, Social, and Environmental Policy: Help and Review
- Foreign and Defense Policy: Help and Review