1. Foreign Policy Vocabulary

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

3. Isolationism: As a country minding our own business
Neutrality: Seeing both sides, taking neither

4. 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.

5. Truman Doctrine: Policy of Containment of communism during Cold War.
Marshall Plan: Policy of aid to developing countries to prevent communism during Cold War

6. 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

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

8. Free-Trade Principles: Unregulated, Untaxed, Unrestricted trade between countries
Protectionism: Restricting trade through regulation and taxation
Espionage: Spying

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NATO: North Atlantic Treaty Organization; outdated military alliance set up during Cold War for capitalist/democratic allies

10. 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

11. 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