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EHS SS terms 1

group 1

abolition the act of doing away with something such as Slavery; Alchol
absolute advantage ability of one country or company, using the same quantity of resources as another country or company, to produce a particular product at a lower asolute cost
absolute monarchy a hereditary ruler controls all of the functions of government; ex. tsars of Russia
absolutism a system of governement in which a monarch is the only source of power
agrarian society a society in which people make a living from farming
alliances formal agreement between nations to cooperate and provide for their mutual defenses
amendments changes in or additions to a constitution or law
antitrust legislation laws passed by federal and state governments to break-up monopolies and prevent new ones from forming
apartheid a policy that keeps races seperate from one another; ex. South Africa policy from 1948-1994
appeasement a policy of giving in to the demands of an agressor in order to keep the peace; Neville Chamberlain prior to WWI
assimilation when one absorbs and or adopts the characteristics of another culture; Immigrants in America's early days
bias the perspective one has for a whole group of people rather than judging each individual of the group; impartial judgment
blacklist list of individuals or organizations that have incurred disapproval or suspicion or are boycotted and or penalized; ex. communists in America during the 1950's MCarthy
buying on margin paying a fraction of the cost for an item; ex. stock market purchasing during the 1920's
capitalism an economy in which private individuals own the means of production, ex. market economy U.S. is still somewhat of a captilist nation but with many areas being run by teh government (education, welfare, social security, health care)
Created by: dyaden92



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