In this segment we're discussing and learning some political terms that you probably hear a lot in the media but you may be surprised to learn most...

In this segment we're discussing and learning some political terms that you probably hear a lot in the media but you may be surprised to learn most people really don't know what these terms mean.  I'm talking about the terms liberalism, conservatism and socialism.  

Here are the questions to start us off:  What do the following terms mean?  1) liberalism  2). conservatism and  3). socialism

Is there a difference between modern liberalism vs. classical liberalism?  Is classic liberalism similar to conservatism?