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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 on theme: "Laissez Faire/ Adam Smith/ Capitalism Adam Smith – advocates free market and free trade Government doesn’t interfere with the market Law of supply and."— Presentation transcript:

1 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

2 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

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

4 Mercantilism

5 Thomas Malthus – Population Theory

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

7 Primary Source v. Secondary Source

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

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

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

11 Genocide - Holocaust/ Nuremberg Laws/Jews

12 Universal Declaration of Human Rights

13 Political Map – Shows Countries, Cities…..

14 Physical Map – Shows geographic Features of a Place

15 Topographic Map – Uses Contour Lines to Show Details

16 Peninsulas – Korea, Saudi Arabia, Spain/Portugal

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

18 Monsoons - India

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

20 Eurocentric – Near East, Far East, Middle East

21 Middle East – Oil Exporting Countries - OPEC

22 Cultural Diffusion – Location of Korea between China and Japan

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

24 NAFTA – North American Free Trade Act

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

26 Organization of Petroleum Exporting Countries OPEC

27 Imperialism/Colonialism

28

29 Democracy

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

31 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

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

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

34 Monotheism – A Religion that Believes in Only One God

35 Polytheism – A Religion that Believes in Many Gods

36 Hinduism Vedas Caste Reincarnation

37 Buddhism Four Eightfold Nirvana Noble Truths Path

38 Religions that Emphasis on Harmony with Nature Shinto Daoism Animism

39 Fundamentalism – Iran Revolution

40 Green Revolution

41 Desertification – Africa - Overgrazing

42 Global Warming

43 Deforestation/Rain Forest

44 Terrace Farming – Inca (Peru), China, Japan

45 Terrorism


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