Question | Answer |
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) |