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IEC4
Western Civilization and Economics - WGU
| 1 | 2 |
|---|---|
| Greek Contributions | Realistic Sculpture, advances in math/science/geometry, large monarchial state, libraries |
| Feudalism | Landowners granted land to vassals in exchange for service (military or homage) |
| Tariff | Shrink trade deficit by reducing imports/appreciating currency, limit competition for industries new to country, protect employees in an industry, ensure their country is self-sufficient in key industries, gain money to fund government operations |
| Impact of Imports on Domestic Prices | Increases consumer satisfaction, cause leakage from domestic economy, reduce multiplier effect |
| Paleolithic | hunters/gatherers, fishers, sophisticated tools, fires, made clothing, wove baskets, |
| Neolithic | permanent buildings, architecture, farming, pottery, writing, domesticated plants/animals, hierarchy |
| Olmecs | Played ball |
| Mayas | Zeros, Association with God, Skilled farmers, potter, astronomy, hieroglyphics |
| Incas | Women equality, roads through mountains, monuments/buildings, labor tax, Sun God |
| Mesolithic | introduced farming, hunting, pottery, bone tools, bow developed, hafted axes |
| Nelson Mandela | won Nobel Peace Prize for bringing end to apartheid, 27 yrs in prison, former president of South Africa |
| Chinese contributions | bureaucracy, oracle bones, rise of commerce, irrigation/drainage, writing on shoulder blades of pigs |
| Chinese contributions | military went to war in chariots, foot soldiers, great wall, human sacrifice, bronze (advanced) |
| Mao Tse | Great Leap Forward, launched cultural revolution |
| Chinese contributions | grain stored in pottery, omens from God, expansion of agriculture |
| Han Dynasty | Silk road |
| Start WWI | Assassination of Archduke Fernando |
| Tariff | tax imposed on each imported good |
| Gross Domestic Product | all goods and services produced within a countries boundries in one year |
| oligopoly | small number of producers, barriers to entry, price searchers and mutual independence |
| Monopoly | single seller, barriers of entry, considerable control over price, profit maximization or quantity existence barriers |
| International trade | countries specialize in products/services and exchange them w/others |
| Opportunity Cost | What you give up when you make a rational choice (best alternative) |
| Specialization | use of resources to their best advantage |
| Exchange | trading of goods/services produced through specialization |
| Labor Unions | Represent/protect workers interests, can create monopolies, protect natural resources |
| Populares | Approval of people, not aristocracy |
| Gandhi | Drew on elements of Hindu, Western, and Christian thought to force British rule from the country |
| Hitler | Used nations postwar depression and unemployment to enhance party power |
| Hitler | promised security against communists and socialists |
| Lenin | Lawyer, leader of Communist Revolt, New Economic policy, arrested and exiled, pulled out of WWI, closed gap between rural/urban communities, wanted electricity for all |
| Shauket Aziz | Prime Minister of Pakistan, handpicked by President, also Finance Minister |
| Mustafa Kemal Ataturk | founder of Turkish Republic, 1st president, led nation to full independence, ended Ottoman dynasty, reforms (political, social, legal, economic, cultural), peacemaker |
| Reza Shah Pahlavi | Prime Minister of Iran, had Trans-Iranian Railway built, modern education introduced, fought many battles |
| Jomo Kenyatta | Kenyan, was President of the Kenya African National Union, was Prime Minister, wrote book, "Facing Mount Kenya" |
| Sub-Saharan Africa | made/used stone tools, agriculture, herding, ironworking developed organizations with Chiefdoms/Kingdoms, long distance trade |
| Start WWI | Austra declared war on Serbia in hopes of support of Germany and Hungary |
| Start WWI | Russia disagreed with Austria's war on Serbia |
| Start WWI | Germans and Hungarians needed support from Berlin to attack Serbia |
| End WWI | massive casualties, hunger strikes, disorganization |
| End WWI | Bolshevik government nationalized land and gave it to peasants |
| End WWI | Factory workers put in charge of plants |
| End WWI | Banks and churches seized |
| End WWI | Great Depression, agricultural problems, Germans to pay reparations for all damages to Allies |
| Versailles Treaty | signed in 1919, Germany took responsibility for war, disarm and lose land |
| Legalism | Strong state |
| Socialism | distribution of wealth are subject to social control; state owns the resources and makes the decisions |
| Imperialism | extending a nations power by some form of power over a foreign power |
| Capitalism | economies where private ownership of resources and people are largely free to make their own economic decisions |
| Imperium | right to issue commands and enforce by fines, arrests, physical punishment, death |
| Tariff | tax imposed on each improted good |
| Free Enterprise System | competition means competing for customers/markets, business try to produce what they think customers will buy at highest prices possible |
| Entrepreneurs | Create new goods/services, use capital made in one area in another (growth), employ people, produce goods/services people need |
| Open trade | countries obtain mutual gains by law of comparative advantage |
| Unethical/Illegal trade | Sherman anti-trust act, anti-trust laws, caveat venditor (let seller beware), |
Created by:
MissMarki
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