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Published byValerie Heath Modified over 5 years ago
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Monopoly The sole possession or control of the supply or trade in a resource or service
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White Man’s Burden: The supposed responsibility of the white race to provide care for their non-white subjects
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Indigenous: Originating or occurring naturally in a particular place; native
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Imperialism: A policy of extending a country's power and influence through government or military force.
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Interdependence: People and/or businesses depending on or helping each other.
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Colonialism: The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically
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Mercantilism: Economic theory that is depends on a greater amount of exports than imports in order to increase a country's supply of gold or silver
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Cash Crops: Crops grown in large amounts to be sold for profit
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Raw Materials: Manufactured Goods:
the basic material from which a product is made (i.e. lumber, sugar, cotton...) Manufactured Goods: products created from the conversion of raw materials into consumable or useful products (i.e. furniture, cloth...)
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