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20 Cards in this Set
- Front
- Back
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An economy that allows business owners to complete in the market with little government interference.
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Market Economy
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An economic and political system in which property is owned collectively and labor is organized in a way that is supposed to benefit all people.
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Communism
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An economy system in which businesses and industries are owned collectively or by the government.
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Socialism
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An economic system in which the factories and businesses that make and sell goods are privately owned and the owners make the decisions about what goods to produce.
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Capitalism
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In Medieval Europe, a political and economic system in which lords gave land to less powerful nobles, called vassals, in return for which the vassals agreed to provide various services to the lords.
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Feudalism
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An economic idea that a nation's wealth consisted mostly in the amount of gold and silver in its treasury, it was popular in Europe from the 1500s to the 1700s.
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Mercantilism
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A cape in South Africa
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Cape of Good Hope
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A family in which ancestry is traced through the mother's side of the family.
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Matrilineal family
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A family in which ancestry is traced through the father's side of the family.
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Patrilineal family
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The state of being under the control of another person.
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Slavery
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A form of democracy in which the people as a whole make direct decisions, rather than have those decisions made for them by elected representatives
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Direct Democracy
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A type of democracy in which the citizens delegate authority to elected representatives
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Representative democracy
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A state or nation in which the supreme power belongs to a monarch.
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Monarchy
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Government by a body of cabinet ministers who are chosen from and responsible to the legislature and act as advisers to a chief of state.
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Parliamentary Government
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The public act by which the Second Continental Congress, on July 4, 1776, declared the Colonies to be free and independent of England.
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Declaration of Independence
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The first constitution of the 13 American states, adopted in 1781 and replaced in 1789 by the Constitution of the United States. It did not give the federal government enough power, however.
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Articles of Confederation
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The system of fundamental principles according to which a nation, state, corporation, or the like, is governed.
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Constitution
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Ten amendments to the US Constitution that list specific freedoms guaranteed to every US citizen.
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Bill of Rights
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The democratic system developed in the Greek city-state of Athens
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Athenian Democracy
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The ancient Roman state from 509 BC until Augustus assumed power in 27 BC; was governed by an elected Senate but dissatisfaction with the Senate led to civil wars that culminated in a brief dictatorship by Julius Caesar
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Roman Republic
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