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44 Cards in this Set

  • Front
  • Back

Early Capitalism

Creating interest for money that was leant

Competition and Freedoms of Capitalism

Allowing individuals to thrive in their own. Freedom of using abilities. Increase economy because of entrepreneurs

Key Ideas of Capitalism

Individualism and desire for money makes work. Self interested competition between traders. Individually owned property. Trade is private. It requires a free market

Values of Capitalism

Trading and charging for wealth. Generating wealth. Individu responsibility. Private ownership. Competition


Industries grow from homes to businesses

Cottage Industries

Companies supplied with wood to make textiles

Effect of New Inventions Suring Industrial Revolution

Madr hand made out of date. Could be made for a cheaper price. Less wages for workers which made buildings dangerous because no money to fox them

Industrial Revolution

Promoted free trade and individual hand work. Less government intervention and more independance. Caused a rise of demand of products.

Effects of Industrialization

New technology (steam engine), working conditions decreased with less profit, lack of health awareness for employees, materials are priority over employees, unequal freedoms and rights between employees and bosses same with women and children vs men.


Territory belonging to European country. (Canada)


Area that melt sovereignty but overall owners by European country (Germany claimed Namibia it's protectorate in 1884)

Sphere of Influence

European country attempted to control political and economics of a country (Britain economically involved in trading with China in 1750)


Government involvement in trade


Economic system for individual wealth


The process of moving the place of production shifts from the home and small craft shops to large factories


Association between people only benefiting one side

International Trade

Trade between countries


A group or system of interconnected people or things


Act or statement intended to show gratitude


To mix together


Official approvment for an action or penalty


A belief that European worldviews are superior to others


Gather together increasing quality of a thing


Use of a person or group for selfish purposes


Protection / promotion of consumer interests


The quality of worth


State of grief or confusion


18th century farmer believing agriculture was wealth


People who take risks by launching business ventures


Ability to access things independently


Unjust treatment of a group


Government-run economy

Disposable Outcome

Income remaining after mandatory payments


Events that happen suddenly


Making a situation worse


Respect of something because of achievements


Relating to moral principles

Four categories of the Columbian Exchange

The four categories are diseases animals plants and people

British advantages of industrialization

They had coal which was necessary for communication and transportation. We also had the biggest wages.

Economic motives for imperialism

Markets for finished goods. ( Indian China American colonies for British goods)

Sources for raw materials. (Britain got cotton from Egypt and the American colonies Rubber and Tim from Malaya and oil from the Middle East)

Investment of capital. (Great profits from railroads and mines in China, Africa, and Latin America)

Political motive for imperialism

Nationalism. To build up and national pride. (French conquest of Indochina and West Africa after her defeat in the franco-prussian war)

Military motives for imperialism

Military and Naval bases. (British Naval bases at Hong Kong, Singapore, Aden and Malta)

Sources of Manpower for Army. LNorth American troops from an important part of the French army, or British trained sepoys in India)

Social motives for imperialism

Outlet to Surplus populations to relieve economic and political pressure at home. (Italian and Japanese efforts to build up their territories populated by their own people)

Humanitarian or The White Man's Burden.( The white man's believe that it was their obligation to bring their blessings to the backwards or uncivilized peoples of the world)

Religious motive for imperialism

Conversion of natives to Christianity. (Particularly in Africa and the Far East. The Spanish and Portuguese did the same in the Americas.)