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CMS6-Unit 5 Vocabula

CMS6-Unit 5 Vocabulary Review #2

TermDefinition
Autocracy A system in which all of the power is held by one person. In this system of government, the ruler has absolute or unlimited power. (CG1b)
Confederation A group of states or nations that retain most power while granting limited authority to a central government. (CG1a)
Cuban Revolution A revolution in Cuba that lasted from 1956 to 1959. It was led by Fidel Castro against the dictatorship that, at that time, controlled the small island country. (H3a)
Democracy A system of government in which a nation’s citizens vote for their leaders.(CG1b)
Dictatorship A system in which the government is controlled by a single person, known as a dictator. The Republic of Cuba is a dictatorship. (CG2a)
Embargo An official ban, usually on trade with another country. Sometimes the ban is on specific goods. (E2b)
Federal-republican system A system under which individual states have a republican system of government, while there is a central government known as a federation. The federation is given limited power. Brazil and Mexico are both examples. (CG2a)
Federal system A system in which individual states share authority with a central government. Examples include Germany and the United States. (CG1a)
Human capital The human knowledge, creativity, and habits that contribute to an economy. (E3a)
Mixed economy An economy that is part market economy and part command economy. Most countries have this type of economy. (E1b,c)
North American Free Trade Agreement (NAFTA) A trade agreement between Canada, the United States, and Mexico that eliminated most tariffs and trade restrictions on goods and services traded among those countries. (E2c)
Oligarchy A system in which a small and powerful group controls the government. (CG4b)
Parliamentary system of government A democratic form of government in which voters choose representatives to a governing body called a parliament. (CG4c, CG1c)
Presidential system of government A republican form of government in which voters choose a president to lead the executive branch of a government, which is separate from other branches. (G4c, CG1c)
Quota A limit set on the production of a product. These can be set by governments or industry groups, such as OPEC. The purpose is usually to prevent the price of a product from dropping too steeply and therefore hurting the economy. (E2b)
Tariff A tax or duty that must be paid on a specific import or export. These are often used by governments to limit imports from other countries. (E2b)
Unitary system of government A system in which an entire country is ruled by a single government. Power is not shared between the central government and smaller states the way that it is in a federal system. (CG1a)
Zapatista Guerrilla Movement A political and military group based in the southern state of Chiapas, Mexico. Its purpose was to protect rural Mexican indigenous people from economic policies that would negatively impact them. (H3b)
Created by: jpkelley