Unit 6 Vocab Flashcards
(80 cards)
1883 Slavery Abolition Act
Ended slavery in parts of the British Empire which created a need for labor.
Alexander Graham Bell
He invented the telephone in 1876. The patent for the telephone was the most valuable patent ever issued.
Anarchist
A person who opposes all forms of government.
Assembly Line
A method of manufacturing in which a product is put together as it moves along a belt with individuals stationed along the belt to work on specific tasks
Assimilation
The act of becoming part of another culture
Banana Republics
Small Central American countries that fell under the economic power of foreign corporations.
Berlin Conference
A meeting of several European powers to discuss the orderly colonization of Africa in which colonial boundaries and trade movements were established
Black Gold
A nickname for oil
Boer Wars
Also known as the Anglo-Boer Wars, were two wars fought in 1880-1881 and 1899-1902 between the British Empire and two independent Boer states: the South African Republic and the Orange Free State.
Boxer Rebellion
A violent, armed uprising in China that sought to drive all foreigners from China from 1899 to 1901
British East India Company
A British monopolistic trading establishment which exploited Southeast Asia and India for trade
Cartels
Corporate combinations that control entire industries
Congo Free State
Privately owned colony by King Leopold II of Belgium from in which he kept all profits and exploited workers. As many as 8 million died under Leopold’s reign.
The Chinese Exclusion Act
A U.S. federal law that prohibited all immigration of Chinese laborers.
Chinese Immigration Act
An 1855 response to the large influx of Chinese miners in Australia that limited the number of Chinese immigrants that came ashore from each ship.
Culture System
farmers had to choose between growing cash crops for export or performing mandatory unpaid work.
David Ricardo
A British political economist who wrote Principles of Political Economy and Taxation; He stated that working class poverty was inevitable because supply and demand determines wages.
Division of Labor
Assigning different parts or tasks of the manufacturing process to different people in order to improve efficiency.
Economic Imperialism
When foreign business interests have great economic power and influence which takes advantage of natural resources outside their borders
Entrepreneur
A person who starts up and takes on the risk and profits of a business
Ethnic Enclaves
Groups or neighborhoods of people from the same foreign country
Export Economies
Many colonies turned into centers of production that focused on sending their raw materials or products elsewhere.
Factors of Production
A favorable combination of the needed factors: land, capital, and labor.
Free Enterprise
An economic system in which individuals and businesses are allowed to compete for profit with a minimum of government interference