6-8 Key Terms And Info Flashcards
What’s is a balance of power?
A situation in which competing nations have approximately equal military power.
What was the Black Legend?
It was the English promoted myth that Spanish explorers treated Native Americans harsher than other European colonizers.
Who are the bourgeoisie?
They are the social class whose members own means of production and their goal was the preservation of capital
What was the British Raj
It was the period from 1858-1947 when the British government directly ruled India through the Viceroy of India.
What is the Canton System?
It’s a system that allowed Europeans to trade with China only through Chinese guilds that enjoyed Monopoly rights to the Tea and Silk trade.
What is capitalism?
Capitalism is a economic system in which private individuals and companies own the means of production and free, unregulated markets set the value of most goods and services based off supply and demand.
What is a Charter?
A Charter is an official authorization to conduct a major economic activity such as the creation of a colony.
What is Cultural accomodation?
Integrating a foreign culture into the dominant society without forcing them to fully assimilate to the dominant culture.
What is Economic imperialism
The practice of dominating a foreign country economically.
What does Indirect Rule mean?
It’s a system in which colonial powers cooperated with indigenous elites and allowed local leaders to exercise some authority.
What is the Industrial Revolution?
The period when societies swayed their focus from agriculture to manufacturing primarily with machines.
What is the Laissez-faire economics theory?
The theory that market forces alone should drive the economy and hat governments should refrain from direct intervention or moderation of the economic system.
Who were the Luddites?
They were British workers in the early nineteenth century who resisted industrialization.
What is Marxism?
First output by Karl Marx, an idea that recognizing class struggle is central to understanding societies.
What is mechanization?
The use of machines to replace animal and human labor.
Who are the Proletariat?
They are the Landless Working Class
Who are Sepoys?
Indian soldiers who served the British in India.
What is socialism?
An economic system in which the public owns the means of production.
