Relative Deprivation Occurs When

question 37

Multiple Choice

Relative deprivation occurs when

• A) a person has less resources than someone else.
• B) a person's present resources are less than they were in the past.
• C) a person is dissatisfied with his resources compared to what he thinks he deserves.
• D) All of these choices.

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Definitions:

Hard Money

Referred to gold and silver currency—also called specie.

Specie

Coins made from precious metal and used as a medium of exchange; distinct from paper currency.

Panic of 1837

A financial crisis in the United States that led to a major recession lasting until the mid-1840s, triggered by a speculative fever and failure of banks.

Alexis de Tocqueville

A French political thinker and historian best known for his works "Democracy in America," examining the democratic revolution that he believed had been occurring over the previous several hundred years.