Flashcard Set Preview
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| 1 |
Business Cycle
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A pattern of economic expansion followed by a period of economic contraction.
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Cash Crops
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A crop that is easily marketable and made for direct sales to markets. (Usually grown in bulk,...
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Consumerism
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An economic concept that expanding consumption of consumer goods benefits the economy. (Basically,...
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Extraterritoriality
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The application of a country's laws to citizens no longer living in that country.
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Fascism
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(A government system in which power is in the hands of an absolute ruler who promotes agressive...
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Genocide
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(The murder of members of a national, ethnic, or cultural group with the intent to wipe out...
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Imperialism
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A policy of extending control of a nation over foreign territories.
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Industrialization
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(The process of building up industry in a nation)
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Labor Union
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(A group of workers who join together to represent their beliefs to their employers.)
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Laissez-faire Capitalism
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(A form of capitalism in which it is believed that the government should have no part in the...
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Liberalism
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A political philosophy that believes in nonviolent changes to assure individual rights, freedoms,...
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Mandate System
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(The system established after WWI by the League of Nations to divide up the Middle East and...
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Marxism
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The system of thought developed by Karl Marx that states that history is a series of class...
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Natural Rights
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(Rights that all people have from birth.)
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Non-Aligned Nations
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(Nations that did not participate in WWI or WW2)
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Partition
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(The division of a country, territory, etc.)
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Proxy Wars
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(Wars between two small factions that are each backed up by powerfuller countries that do not...
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Social Darwinism
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(A social philosophy that the rich became rich because of their merits and that the poor...
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Socialism
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(An economic theory advocating the collective ownership of property by a society.)
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Suffrage
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(The right to vote.)
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