Vocab Quiz

Front 1

dispossessed

Back 1

the economically deprived.

Front 2

rubber-stamp

Back 2

to approve a plan or law quickly or routinely, without examination.

Front 3

blank-check

Back 3

referring to permission to use an unlimited amount of money or authority.

Front 4

foreign exchange

Back 4

the transfer of credits or accounts between the citizens or financial institutions of different 
 nations.

Front 5

hoarding

Back 5

secretly storing up quantities of goods or money.

Front 6

boondoggling

Back 6

engaging in trivial or useless work; any enterprise characterized by such work.

Front 7

fascist

Back 7

referring to a political system or philosophy that advocates a mass-based party dictatorship, extreme
 nationalism, racism, and the glorification of war.

Front 8

parity

Back 8

equivalence in monetary value under different conditions; specifically, in the United States, the price for farm products that would give them the same purchasing power as in the period 1909-1914.

Front 9

holding company

Back 9

a company that owns, and usually controls, the stocks and securities of another company.

Front 10

collective bargaining

Back 10

bargaining between an employer and his organized work force over hours, wages, and 
 other conditions of employment.

Front 11

jurisdictional

Back 11

concerning the proper sphere in which authority may be exercised.

Front 12

checks and balances

Back 12

in American politics, the interlocking system of divided and counter-weighted authority 
 among the executive, legislative, and judicial branches of government.

Front 13

pinko

Back 13

disparaging term for someone who is not a “red,” or Communist, but is presumed to be sympathetic to
 communism.

Front 14

deficit spending

Back 14

the spending of public funds beyond the amount of income.

Front 15

left-wing

Back 15

in politics, groups or parties that traditionally advocate greater economic and social equality and the 
 welfare of the common worker.