IAP Summer Assignment: Vocabulary Definitions

Capitalism is the ideology of a market economy, where most production and forms of the economic system were privately owned. There was an idea of liberty and freedom that went along with the ideologies of capitalism which sent rushes of fear to the possibility of what the U.S.'s understanding was of the absolute

To prevent from one branch of government having all power, and therefore having tyranny, (Madison FP # 47) Checks and Balances was added to the defenses of the constitution. There are three branches of government: Legislative Branch (Congress), Executive Branch (President), and Judicial Branch (The Courts). These three branches work together to check one another to make sure the power is evenly distributed and balanced, hence the name Checks and Balances. The way it works is that the Legislative Branch (Congress) can check the Executive Branch (President) by approving Presidential nominations, being able to override a President’s veto, and can impeach the President, him or her, from office. The Legislative Branch can check the Judicial Branch by having Senate confirm Presidential nominations and by being able to impeach judges and remove them from office. The President can check the Legislative Branch by vetoing Congressional legislation, and can check the Judicial Branch by nominating judges. The Judicial Branch can check the Legislative Branch by declaring laws unconstitutional, and can check the Executive Branch by declaring presidential acts unconstitutional. (Madison FP # 51) All three branches of government work together to make sure no branch is abusing their limited power, by using the system Checks and

The system of checks and balances is a procedure in which systems allows each branch of government to limit the powers of the other two branches. These checks allow each branch to block the actions of another branch. When Congress has the power to pass laws, the president can check this power by vetoing a bill before it becomes an actual law. Congress also has the same power and can check the president’s power by overriding the veto if two-thirds of the majority in Congress vote in each house. The Judicial Branch can also check these actions of the other two branches. The Supreme Court can declare that a law, treaty, or an executive action is unconstitutional. Basically, the system of Checks and Balances is to balance out each branch and limiting each branch’s power. (Page 162 9.2)

Checks and Balances, put simply, is the process by which the federal government maintains equal power throughout the three branches (Legislative, Judicial, Executive.) The branches can keep themselves in check in several ways, such as: presidential veto, impeachment, overridden vetoes, judicial review of local, state, and federal laws and regulations. Checks and Balances just keeps any branch from maintaining too much power within the federal government.

In any event, three-fourths of the state legislatures must ratify the amendment for it to become a permanent part of the Constitution.

Checks and balances- comprises the there branches of government- executive, legislative and judicial. Each of these powers can limit the others, so that no branch becomes more powerful than the others. First the legislative branch introduces and votes on a bill, then the president has the option to veto a bill if he doesn’t agree with it. Then the legislative branch has another opportunity to vote and perhaps override the veto with 2/3 majority. Then the law is in place, the people can test it though the judicial branch by filing a lawsuit and if it reaches the supreme court, then they can veriify the law in terms of its constitutionality.

Capitalism is an economic system which allows private and corporate ownership of capital goods; investments that are controlled and determined by privately owned entities; pricing, production and distribution of goods in a competitive free market. Adam Smith is considered the Father of Capitalism and he described capitalism as a system with an invisible hand that would maintain the markets without government

The legislative branch is made up of Congress which is split into two parts, The Senate and the House of Representatives. The legislative branch can check the executive branch by: (1) Congress can overturn a presidential veto with 2/3 vote from both houses (2) Senate can reject proposed treaties and presidential nominations of federal officials and judges. (3) Congress holds the power to impeach and remove the President. The legislative branch also checks the judicial branch by holding the power to: (1) create lower courts (2) Senate can reject nominees for the federal and Supreme Court (3) Congress can amend the Constitution to overturn decisions of the Supreme Court and has the power to impeach judges and remove them from the bench. The legislative branch’s checks allow it to make laws to better our nation, control the national budget, and impeach the president if necessary which is important to keep America on the right track and make sure the other two branches are obeying the constitution and not abusing their powers by vetoing

Executive branch: Based on the constitution “the Executive Branch can veto bills from the Legislative Branch, but the Legislative Branch can override the veto.” This branch mostly

Checks and Balances. Checks and balances is a system that is a part of out U.S. Constitution. This system was put in to place so that no part of government would have too much power. The three branches: judicial, legislative and executive are constantly granting and checking the other branches actions, this is to make sure no one person can gain an excessive amount of control in government. For example according to ," the legislative branch is in charge of making laws. The executive branch can veto the law, thus making it harder for the legislative branch to pass the law. The judicial branch may also say that the law is unconstitutional and thus make sure it is not a law.The legislative branch can also remove a president or judge that is not doing his/her job properly. The executive branch appoints judges and the legislative branch approves the choice of the executive branch. Again, the branches check and balance each other so that no one branch has too much power".

During the creation of the Constitution the Founding fathers then divided the powers among three different branches of government. The three branches of government are legislative, executive, and judicial. They separated branches and made them different from each other but also equal, not allowing any branch to have more power than the other. The Founding Fathers of the branches realized that in order to give the people the kind of government that they were trying to put together; they knew they needed to put a system where each branch can take responsibilities for its own decisions. Therefore, this is how the checks and balances system occurred. This is how each branch works by itself, each of them has a specific responsibility. However, each

The system of checks and balances is an important part of the constitution. By creating the three branches of government, Legislative, Judicial and Executive, the delegates built the check and balances. This system pre vented the government from getting too much power. Each branch is restrained by the other two in several ways. For example, the Executive branch can veto bills from the Legislative branch but the Legislative branch can override the veto.

By definition, Capitalism is an economic system controlled chiefly by individuals and private companies instead of by the government. In this system, individuals and companies own and direct most of the resources used to produce goods and services, including land and other natural resources labor, and "capital". "Capital" includes factories and equipment and sometimes the money used in businesses (Friedman, 5).

‘Capitalism’ can be loosely defined as ‘An economic and political system in which countries trade and industry are controlled by private owners for profit.’ Being the driving

The amendment was then moved to the senate, where it finally passed both houses on the 22nd of June, after going through three readings in the senate. The amendment was then assented on the 26th of June, where it came into effect a day later, an unusually quick period of time for an amendment to come into effect after being passed.