unit 7 test ap huamn geo

Cottage industry

Handmade manufacture of goods before industrial

Why were things more expensive to buy

Took a long time to make products

When and wheee was the first Industrial Revolution

1700-1800 England

Most important thing about the Industrial Revolution

Factories

Eli Whitney invention

Cotton gin and interchangeable parts

Urbanization

People move to over crowded cities

Labor unions

Groups of people working

Building codes

How buildings have to be built

Second Industrial Revolution

1870-1950

What was the most important invention of the second Industrial Revolution

Internal combustion engine

Where is the rust belt

In the us

When was the third Industrial Revolution

1950-2020

What was the most important invention in the third revolution

Computers

What was the invention of the fourth Industrial Revolution

Ai

Primary sector

Raw materials

Secondary sector

Processing raw materials

Tertiary sector

Providing services to workers

Quaternary sector

high level thinking jobs

Quinary sector

top goverment

What are break bulk points

Chance of transportation mode

Bulk gaining

Good increase in volume making it harder to transport

Bulk reducing

Goods decreasing in volume making it easier to transport

Agglomeration

Similar business in the same area

Site

Actual place of an industry

Hdi

Human development index, measure equality

Ihdi

Inequality human development index

Gni

Gross national income (produced in a country in a year)

GDP

Gross domesticated product - the total market value of all final goods and services produced annually in an economy

GNP

Gross national product -the sum of all goods and services produced in a nation in a year

Purchasing power party

Evens exchange rates between currencies.Compares good to other countries goods

Monopoly

Companies grouping together

Gii

Gender inequality index

Woman suffrage

Woman’s right to vote

Rostows model

The steps of development in a country till reaching mass consumption

First stage of the Rostows model

Traditional society-rural setting , primary sector, local power, dosent exist anymore

Second stage of the rostows model

Transitional stage

Third stage of the rostows model

Take off-urbanizing , full industry , increase in consumerism, exporting is a huge factor, mostly still secondary Ex:India and the Philippines

fourth stage of the rostows model

Drive to maturity-technologies diffuse, industrial specialization occurs, international trade expands

-modernization-is evident in key areas of the country

-population growth slows

fifth stage of the Rostow model

High mass consumption

Deindustrialization

Making less things

Outsourcing

Hire another company to do something for you

Offshore outsourcing

Hire another company in another country

Tariffs

Taxes on import goods or services.

Trade war

Countries going back and forth with tariffs

What is the EU

European Union

When was the EU created

WWll economic agreement

How many member states in the EU

27 countries

Mercosur

Southern common market

OPEC

Organization

WTO

World trade organization

Why does the goverment apply tariffs

Protect domestic industry, political rivalries

Why must countries trade

Trade to survive, two reasons complementary trade and comparative advantage trade

what is complementarity in trade

Countries trade with each other because no one country has the capacity to create or extract all goods or resources it needs for economic flourishing