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79 Cards in this Set
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Abolition |
The act of doing away with something such as the abolitionist movement in the 19th century |
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Absolute advantage |
The ability of one country or company to use the same quantity of resources as another to produce a particular product at a lower cost |
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Absolute monarchy |
A hereditary ruler controls all of the functions of government |
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Absolutism |
A system of government in which a monarch is the only source of power |
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Agrarian society |
A society in which people make a living from farming |
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Alliances |
Formal agreements among nations to cooper's and provide mutual defense |
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Amendments |
Changers or additions to a constitution of law |
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Antitrust legislation |
Laws passed by federal and state governments to prevent the new monopolies and break up existing ones |
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Apartheid |
A policy that keeps races seperate |
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Appeasment |
A policy of giving into an agresdors demands in order to keep the peace |
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Assimilation |
Being absorbed into or adopting characteristics of another culture |
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Bias |
A perspective preference or inclination that prohibits an impartial judgement |
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Blacklist |
A list of individuals or organizations that have incurred disapproval or suspicion |
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Buying on margin |
Paying a fraction of the cost of an item |
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Capitalism |
An economy in which private individuals own the means of production |
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Circular flow model |
A diagram that shows the flow of economic activity among sectors of the economy |
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Civil rights |
A term used for acts of government that make constitutional guarantees a reality for all people |
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Clear and present danger |
A principle established by the supreme court that limits free speech ig the words will bring out substantive evils |
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Cold war |
Term to refer to the state of tension and hostility between the US and USSR four decades after world War 2 |
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Command economy |
An economy in which all decisions on production and consumption are made my a central government |
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Common good |
An effort by individuals to work together for the benefit of all |
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Communism |
An economy in which all the means of production are controlled by the government |
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Comparative advantage |
The ability to produce goods or services at a lower opportunity cost than other countries |
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Conscientious objector |
An individual who on the basis of religious or moral principles refuses to bear arms |
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Constitution |
A body of fundamental laws establishing the principles of a government |
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Constitutional |
A law or other governmental action that aligns with the provisions of a constitution |
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Constitutional monarchy |
A hereditary ruler has limits on his/her power |
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Containment |
The post world war 2 policy of the United States to limit communist expansion to areas already controlled by the Soviet union |
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Credit |
The purchase of goods or services in the present with promise to pay for them in the future |
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Critique |
A critical review or commentary |
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Cultural diversity |
Having people of various cultural backgrounds in the same area |
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Culture |
A totality of socially transmitted behavior patterns arts and beliefs |
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Data |
Factual information organized for analysis |
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Democracy |
A system of government in which political control is excersized by all people |
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Depression |
A period of economic slowdown in which there is high unemployment buisness failures and the economy operates far below it's capacity |
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Dictator |
A leader of country who has absolute power and authority |
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Disarmament |
The reduction of armed troops and weapons |
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Discrimination |
The unfair treatment of a person or group based on a variety of prejudices |
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Enlightenment |
An historical period in the 18th century in which science and reason was applied to question traditional thinking about the world |
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Environment |
The totality of external physical conditions that affect and influence the growth and development of organisms |
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Equality |
A situation in which people have the same priveleges and rights |
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Exploitation |
Taking advantage of other people for selfish purposes |
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Exports |
Goods sold to other countries |
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Fascism |
A form of totalitarianism in which which nation is ruled by a dictator |
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Federal Reserve system |
A national banking system created in 1913 that controls the United states money supply and the availability of credit |
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Free enterprise |
Individuals make economic decisions in market economy |
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Genocide |
The attempt to destroy a religious or ethnic group |
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Geographic movement |
The movement of people and products to one side of the world to another |
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Global economy |
The interconnections of the market that go beyond national borders |
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Globalization |
The act process or policy of making something world wide in scope or application |
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Great depression |
The world wide economic slowdown during the 1930s |
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GDP |
The value of all final goods and services produced within a countries borders in a given year |
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Holocaust |
The efforts in nazi Germany to eleminate jews |
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Immigra5i9n |
The movement of people to one region or country from another |
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Imperialism |
A policy of stronger countries in taking economic, political and social control over weaker countries |
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Imports |
Goods purchased from other countries |
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Indigenous language |
The native language of a people on an area |
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Indigenous people |
Population native to an area |
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Industrial society |
A society which people make their living from the production of goods |
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Industrialization |
The transformation of a society from one based on farming to one based on the production of goods |
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Informational society |
A society in which people make their living from communications and related services |
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Infrastructurw |
An underlying base or structure for an orginaztuon system |
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Interdependence |
Being mutually dependent for example countries trading with eachother |
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Interest rates |
The percentage of a loan that must be repaid in addition to paying the principal |
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International trade |
The exchange of goods between countries |
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Laissez faire |
An economy in which government minimizes it's interference |
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Libel |
False and malicious use of printed words that damage a person's reputation |
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Logical fallacies |
Statements or arguments based on a false or invalid inference |
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Market economy |
An economy in which decisions on production and consumption are made by individuals acting as buyers and seller |
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Mccarthyism |
The attacks often unsubstantiated by senator Joseph McCarthy and others in people suspected of being communists |
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Migration |
The movement of people or animals from one country or region to another |
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Minorities |
Cultural subgroups in a larger culture |
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Mixed economy |
An economy that combines features of more than one traditional command and market systems |
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Monarchy |
A system of government headed by a monarch |
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Monetary policy |
A policy that involves changing the rate of growth of the supply of money in circulation in order to affect the cost and availability of credit |
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Money |
Anything used as a medium of exchange |
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Multiple perspectives |
Being able to examine things from different points of view |
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Natural rights |
A belief that individuals are naturally endowed with basic human rights that cannot be taken away |
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Nazism |
The fascist regime of adolph hitler in germany |
