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6 Cards in this Set
- Front
- Back
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imperalism |
One country’s domination over anothercountry’s economic, political, and cultural institutions. |
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historical globalization |
A period that is often identifiedas beginning in 1492, when Christopher Columbusmade his first voyage to the Caribbean, and ending afterWorld War II, when the United States and the SovietUnion emerged as superpowers. |
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mercantilism |
A policy followed by European imperialpowers from the 16th to the 19th century. In colonies,trade was strictly controlled to benefit the economy ofthe imperial power. |
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capitalism |
vvAn economic system that advocates freetrade, competition, and choice as a means of achievingprosperity.v |
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grand exchange |
A trading process that began whenChristopher Columbus brought seeds, fruit trees, andlivestock to the Americas, where they were cultivated andbecame staples. In return, native North American specieswere exported to Europe. This exchange expanded toinclude different countries and products around the world. |
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industrial revolution |
vThe period between about 1750and 1850, when work became mechanized and beganto occur in factories. The Industrial Revolution broughtabout dramatic economic, social, and cultural change. |
