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19 Cards in this Set

  • Front
  • Back

Imperialism

Act of creating an empire by dominating other nations

Isolationism

Policy or belief that a nation should limit it's alliances and involvement in economic affairs

Reciprocity

Mutual lowering by nations of tariff bariers

Arbitration

Hearing and resolution of a disagreement between 2 parties through an impartial third

Neutrality

Refuse to take sides

Protectorate

Country that is technically independent but is controlled by a higher power

Anarchist

One who opposes all forms of government

Corollary

Proposition added to another as a natural consequence or effect

Partitioned

Divide into two or more territorial units have separate political status

Sphere of influence

Area in China during the 1800s where trade was controlled by a foreign power

Indemnity

Security or protection aginst, hurt, loss or damage exemption from incurred penalties or liabilities.

Inflation

Decline in money's value resulting increase prices

Deflation

Economic condition of volume of money decreases resulting the decline of goods and services

Conspicuous consumption

Lavish spending for show

Amnesty

Act of a government by Wichita pardon is granted to an individual or groups of persons

Assimilation

Process of one group or culture absorbing another

Bicameral

Political system based on two legislative chambers

Cabinet

A group of advisers to the president

Commodity

Economic good ; product of agriculture; article of commerce