Laissez Faire/ Adam Smith/ Capitalism Adam Smith – advocates free market and free trade Government doesn’t interfere with the market Law of supply and.

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Presentation transcript:

Laissez Faire/ Adam Smith/ Capitalism Adam Smith – advocates free market and free trade Government doesn’t interfere with the market Law of supply and demand determines prices Private individuals make economic decisions Private property and profit incentive

Marx/Engels – Communist Manifesto Profits from work should belong to the workers Criticized the capitalist system during the Industrial Revolution Class struggle Proletariat would eventually overthrow capitalism

Traditional Economy Relies on hunting, farming, farming and herding Bartering Self-sustaining

Mercantilism

Thomas Malthus – Population Theory

Urbanization/Inequality Affects much of Africa, Asia and Latin America Promoted by railroad Weakens traditional values Urbanization often leads to income inequality

Primary Source v. Secondary Source

AIDS Epidemic Causes life expectancy to go down in Asia and Africa Widespread in Africa

Ethnic Conflicts/Genocide – Rwanda, and Africa after WWII,

Genocide - Cambodia – Pol Pot, Khmer Rouge, Killing Fields

Genocide - Holocaust/ Nuremberg Laws/Jews

Universal Declaration of Human Rights

Political Map – Shows Countries, Cities…..

Physical Map – Shows geographic Features of a Place

Topographic Map – Uses Contour Lines to Show Details

Peninsulas – Korea, Saudi Arabia, Spain/Portugal

Sahara Desert – A Natural Barrier that Separates North Africa from the Rest of the Continent

Monsoons - India

Subsistence Farming -Farmers Focus on Growing Enough Food to Feed Themselves and Their Families.

Eurocentric – Near East, Far East, Middle East

Middle East – Oil Exporting Countries - OPEC

Cultural Diffusion – Location of Korea between China and Japan

European Union EU - A Politico- economic Union of 28 Countries

NAFTA – North American Free Trade Act

United Nations UN – an Intergovernmental Organization to Promote International Co- operation.

Organization of Petroleum Exporting Countries OPEC

Imperialism/Colonialism

Democracy

Fascism - a governmental system led by a dictator having complete power, suppressing opposition and criticism

Social Scientist - Economist Studies the distribution and use of limited resources (scarcity) Studies the production and exchange of goods and services Studies demand and supply Studies trade and development

Social Scientist- Archaeologist Classifies artifacts Analyzes radiocarbon dating test Studies ancient ruins

Social Scientist - Historian Use a variety of evidences Examines primary documents Compares society and regions

Monotheism – A Religion that Believes in Only One God

Polytheism – A Religion that Believes in Many Gods

Hinduism Vedas Caste Reincarnation

Buddhism Four Eightfold Nirvana Noble Truths Path

Religions that Emphasis on Harmony with Nature Shinto Daoism Animism

Fundamentalism – Iran Revolution

Green Revolution

Desertification – Africa - Overgrazing

Global Warming

Deforestation/Rain Forest

Terrace Farming – Inca (Peru), China, Japan

Terrorism