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20 Cards in this Set

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An economy that allows business owners to complete in the market with little government interference.
Market Economy
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.
Communism
An economy system in which businesses and industries are owned collectively or by the government.
Socialism
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.
Capitalism
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.
Feudalism
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.
Mercantilism
A cape in South Africa
Cape of Good Hope
A family in which ancestry is traced through the mother's side of the family.
Matrilineal family
A family in which ancestry is traced through the father's side of the family.
Patrilineal family
The state of being under the control of another person.
Slavery
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
Direct Democracy
A type of democracy in which the citizens delegate authority to elected representatives
Representative democracy
A state or nation in which the supreme power belongs to a monarch.
Monarchy
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.
Parliamentary Government
The public act by which the Second Continental Congress, on July 4, 1776, declared the Colonies to be free and independent of England.
Declaration of Independence
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.
Articles of Confederation
The system of fundamental principles according to which a nation, state, corporation, or the like, is governed.
Constitution
Ten amendments to the US Constitution that list specific freedoms guaranteed to every US citizen.
Bill of Rights
The democratic system developed in the Greek city-state of Athens
Athenian Democracy
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
Roman Republic