federalism
U.S. History
(noun)
A government structure in which power is divided between and shared by the state and federal levels.
Political Science
Examples of federalism in the following topics:
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The Italian Federation
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The Changing Federal Role in the Economy
- Classic liberalism and Right-libertarian arguments argue for limited or no role for the federal government in the economy, while welfare economics argue for an increased role of the federal government.
- In the United States, the Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) serves as the central mechanism for understanding federal intervention (and de-entanglement) with the economy.
- The first two objectives are sometimes referred to as the Federal Reserve's dual mandate.
- The Federal Reserve System acts as the central mechanism for federal intervention in the U.S. economy.
- Explain the role and the historical origins of the Federal Reserve System in the early 20th century
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Structure of the Federal Reserve
- The presidentially appointed Board of Governors (or Federal Reserve Board), an independent federal government agency located in Washington, D.C.
- The Federal Open Market Committee (FOMC), composed of the seven members of the Federal Reserve Board and five of the 12 Federal Reserve Bank presidents, which oversees open market operations, the principal tool of U.S. monetary policy.
- Twelve regional Federal Reserve Banks located in major cities throughout the nation, which divide the nation into twelve Federal Reserve districts.
- The Federal Reserve Banks act as fiscal agents for the U.S.
- Recall the structure of the Federal Reserve System of the United States
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The National Credit Union Administration (NCUA)
- The NCUA is the independent federal agency created by the U.S.
- Congress to regulate, charter, and supervise federal credit unions.
- The National Credit Union Administration (NCUA) is the United States independent federal agency that supervises and charters federal credit unions.
- Responsibility for regulation would shift over the years as the agency migrated from the Federal Deposit Insurance Corporation to the Federal Security Agency, then to the Department of Health, Education, and Welfare.
- The National Credit Union Share Insurance Fund (NCUSIF) is the federal fund created by Congress in 1970 to insure member's deposits in federally insured credit unions.
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Federal Grants and National Efforts to Influence the States
- In the United States, federal grants are economic aid issued by the federal government out of the general federal revenue.
- A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States.
- For instance, PBS, the network on which Big Bird features, relies heavily upon federal grants.
- Federal grants are defined and governed by the Federal Grant and Cooperative Agreement Act of 1977.
- Republican candidate, Mitt Romney, claimed that he would cut federal grants to organizations like PBS to reduce the federal budget deficit.
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Websites
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Federalism
- Federalism in the United States is the evolving relationship between U.S. state governments and the federal government of the United States.
- Federalism in the United States is the evolving relationship between U.S. state governments and the federal government of the United States.
- The Tenth Amendment set the guidelines for federalism in the United States.
- Dual federalism is a theory of federal constitutional law in the United States according to which governmental power is divided into two separate spheres.
- This became known as Cooperative Federalism.
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Introduction to the Federal Reserve
- The Federal Reserve System is the central banking system of the United States, which conducts the nation's monetary policy.
- The Federal Reserve System (also known as the Federal Reserve, or the "Fed") is the central banking system of the United States.
- Over time, the roles and responsibilities of the Federal Reserve System have expanded, and its structure has evolved.
- Monthly changes in the currency component of the U.S. money supply as reported by the Federal Reserve
- Describe the primary function and objectives of the Federal Reserve System
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The New Deal: Cooperative Federalism and the Growth of the National Government
- The New Deal: Cooperative Federalism and the Growth of the National Government
- This concept arose after dual federalism in the United States in the 1930s.
- There are significant advantages in a federal system to obtain state assistance in the local implementation of federal programs.
- It may open both federal and state courts to enforcement of that right, by specifically providing concurrent jurisdiction in the federal courts.
- Describe how the federal government works with the states under a model of cooperative federalism
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The Federal Funds Rate
- The Federal Funds rate is the interest rate at which depository institutions actively trade balances held at the Federal Reserve.
- The Federal Funds rate (or fed funds rate) is the interest rate at which depository institutions (primarily banks) actively trade balances held at the Federal Reserve.
- A high Federal Funds rate, therefore, has a contractionary effect on economic activity, while a low Federal Funds rate has an expansionary effect.
- The graph shows the federal funds rate for the past fifty years.
- Discuss the importance of the Federal Funds Rate as a monetary policy tool