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Published byDarcy Ethan Shields Modified over 9 years ago
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Mercantilism Economic Systems Traditional economy Command Economy
Capitalism Mercantilism
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Capitalism Also known as a “free market” system Economic system
Key Ideas: Adam Smith Lassiez-Faire Supply & Demand Competition (low prices/better goods) Also known as a “free market” system Private business own the means of production and distribution of goods Economic system based on the private ownership Capitalism
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wealth by exporting more goods than it imports
Mercantilism Examples from history: England – India England – South Africa Spain - Mexico Colonies are instrumental in this policy as they supply their parent nations with raw materials that are used to produce finished goods, and then exported back to the colonies A nation that builds wealth by exporting more goods than it imports
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Trading a handmade pottery Economy based on agriculture or
Traditional economy Example: Trading a handmade pottery for corn & wheat. This is for economies without factories… Economy based on agriculture or “handmade” goods ONLY things made by HAND
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Command Economy Used in Communism Examples: Highly dependent on
Soviet Union Cuba North Korea Used in Communism Highly dependent on Manufactured goods (factory) Economic system controlled by strong dictator, centralized government
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Affects of Islands Affects of Deserts
Geography & the Environment Affect of Mountains Affects of Rivers
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Ancient Greece (Athens/Sparta)
Mountains Examples of Nations: Ancient Greece (Athens/Sparta) China/India Isolated nations
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Gives civilizations life!
Rivers Examples: Mesopotamia Nile Yellow River (China) Indus Valley (India) Uses: Trade Cultural Diffusion Food Early River Valley Civilizations Gives civilizations life!
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Good soil becomes a desert
Deserts Desertification: Good soil becomes a desert Largest desert is the Sahara (North Africa) Barrier to Cultural Diffusion And Trade
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A group or chain of islands
Examples: England Japan Australia Archipelago A group or chain of islands Protects and Isolates Nations
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Human Rights Violations Justice, freedom, and equality
Justice & Human Rights Human Rights Violations Laws Justice, freedom, and equality
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Human Rights Violations
Genocide (Hitler / Jews) Apartheid (S. Africa) Caste System (India / Hinduism) Human Rights Violations Key Words: Discrimination Genocide (ethnic cleansing) Holocaust Anti-Semitism
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Justice, freedom, and equality Document—giving equality all
International Court of Justice (Nuremburg Trials) Punished those Nazi’s Who killed Jews. Justice, freedom, and equality Example: Universal Declaration of Human Rights French Revolution Document—giving equality all
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Oldest written system of laws
Law of the Twelve Tables: Strict Roman laws Justinian’s Code: A law code created by the Byzantine Emperor Justinian Hammurabi’s Code : Oldest written system of laws
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Industrial Revolution Scientific Revolution
Science & Technology Industrial Revolution Inventions Golden Ages Scientific Revolution
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Golden Ages Peace Prosperity Progress New ideas: Art Architecture Math
Example: Ancient Egypt (created Pyramids) Islam (creation of algebra) Renaissance (new knowledge) Golden Ages A time of: Peace Prosperity Progress New ideas: Art Architecture Math Science
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Scientific Revolution
Changed the way Human understood nature, lead to many new inventions. Key Words: Scientific Method Heli0centric Isaac Newton “Reason” Scientists questioned church beliefs about how the universe worked (1500’)
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Allowed for many more books = cheap
Inventions Printing Press Johannes Gutenberg Germany Allowed for many more books = cheap (more information) Telescope Isaac Newton Proved “Heliocentric Theory” true Lead to new inventions = microscope
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Industrial Revolution
Invention of Factories Manchester, England Rural to Urban Urbanization Mass Production Cheaper Products Led to: Need for more resources Imperialism Child Labor Unions
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