GSSH 307 Mid-Term Exam Review Part II

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Decade that saw the shift of Caucuses and Primaries move from optional to required for Presidential Candidates

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1970s

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Progressive U.S. President refused to be bought as he busted trusts that had supported his presidential candidac

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Theodore Roosevelt

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Set limits to how much candidates could contribute to their own campaigns, allowed unions and PACS to form PACs to raise funds, and required public disclosure of large contributions

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Federal Election Campaign Act of 1971

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Created tax credits to encourage private contributions and established a presidential election fund

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Revenue Act of 1971

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Impact of the Watergate scandal on Presidential Elections

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Congress strengthened campaign finance laws

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Independent agency that was created to regulate campaign finance

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Federal Election Commission (FEC)

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Ruling upheld the right of Congress to regulate campaign contributions and expenditures but negated the overall limits on spending by individuals and nonparty groups

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Buckley v Valeo, 1976

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Constitutional Amendment that was the basis for the Supreme Court's ruling in Buckley v Valeo, 1974

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1st Amendment

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Provision that allowed for unlimited amounts of money for party-building activities such as registration and getting out the vote

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Soft Money Loophole

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Purpose of the Bipartisan Campaign Reform Act (BCRA)

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Close the Soft Money loophole