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Mid-term Study Guide
Term | Definition |
---|---|
Free Market Economy | Buyers and sellers freely choose to buy or make whatever they want. |
Private Property | Anything not owned by the government. |
Trade Barriers | Tariffs, import quotas, and embargoes. |
Scarcity | The inability to provide everything everyone wants. |
Opportunity Cost | Something lost when an economic choice is made. |
primary Source | A description or picture of an event by a person who actually lived through the event. |
Alliance System | Nations agreeing to defend one another. |
Franz Ferdinand | Archduke of Austria-Hungary, his assassination led to the outbreak of WWI, |
Treaty of Brest-Litovsk | Treaty between Germany and Russia to end their fighting. |
Nationalism | Intense loyalty to a country or group. |
Dough-boys | Nickname for American Soldiers. |
The Great Migration | The northward relocation of African Americans. |
Victory Gardens | Home gardens encouraged during war. |
League of Nations | An organization of nations to prevent further wars. |
Fourteen Points | Wilson's plan for peace. |
Treaty of Versailles | Treaty that ended WWI, made Germany accept full responsibility for WWI. |
Zimmerman Telegram | Telegram encouraging Mexico to declare war on U.S by Germany. |
Buying on Margin | Borrowing money to buy Stocks. |
Huey Long | Louisiana Governor and Senator who opposed Roosevelt and called for a "Share the Wealth" plan. |