FOREIGN POLICY VOCABULARY

Monroe Doctrine: First major foreign policy, by President Monroe, 1820, we pledged to defend the Americas

Isolationism: As a country minding our own business

Neutrality: Seeing both sides, taking neither

United Nations: Replaced inadequate League of Nations as International Peacekeeping organization. Headquarters in New York City, Heavily influenced by US

Security Council: Responsible for safety and security of a country. UN and US both protect us.

Truman Doctrine: Policy of Containment of communism during Cold War.

Marshall Plan: Policy of aid to developing countries to prevent communism during Cold War

World Bank: International aid organization for 3rd and 4th world countries

IMF: International Monetary Fund, oversees and regulates global finances

Central Intelligence Agency: top espionage organization in US

Foreign Service: Group of diplomats who work for Department of State

War Powers Act: 1973-limits power of declaring war of President to 90 days without Congressional approval

Free-Trade Principles: Unregulated, Untaxed, Unrestricted trade between countries

Protectionism: Restricting trade through regulation and taxation

Espionage: Spying

Global Economy: International trade; countries often take on role of supplying resources, products, or services for comparative advantage

NATO: North Atlantic Treaty Organization; outdated military alliance set up during Cold War for capitalist/democratic allies

NAFTA: North American Free Trade Agreement: Free Trade between Canada (resources), Mexico (products) and the US (services)

WTO: World Trade Organization: Negotiates trade issues between countries in Global Economy

1st world: capitalist, has industry and technology, has nuclear capability

2nd world: former Soviet bloc country, has industry and technology, may have nuclear capability

3rd world: developing nation…but has central government, may now have nuclear capability

4th world: run by tribes, very poor, no nuclear capability