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cash crops
sugar, rice, cotton, tobacco, tea, rubber, etc.
triangle trade
between Europe, Africa, and the Americas forever changed life on both sides of the Atlantic
colonialism
political, social, economic, and cultural domination of a territory and its people by a foreign power for an extended time
imperialism
policy of extending the rule of a country or an empire over foreign nations and/or taking and holding foreign colonies
settler colonialism
form of colonialism that seeks to replace the original population of the colonized territory with a new society of settlers
white mans burden
victorian era; legitimated British control and possession of parts of Central Asia and Asia
Industrial Revolution
historic transformation (in Europe, after 1750) from handicraft and agricultural mode of production to industry and machine manufacturing
Karl marx
a key theorist of class and history, saw socioeconomic stratification as a sharp division between two opposed classes
bourgeoisie
own the means of production (factories, machinery, land, etc)
proletariat
working class; have only their labor to sell, and no control over the products of their labor
primitive accumulation
privatization of common land disenfranchises and prevented subsistence, thereby creating the proletariat class
class consciousness
true awareness of one’s position in the social class hierarchy (and solidarity with others in the same class)
Max Weber
was writing during the second phase of the Industrial Revolution, and added to Marx analysis
Prestige
the reputation, influence, and deference bestowed on certain people because of their membership in certain groups
Dependency theory
a critique of modernization theory arguing that despite the end of colonialism, the underlying economic relations of the modern world economic system had not changed
world systems theory
idea that a discernible social system, based on wealth and power differentials, transcends individual countries
core
industrialized former colonizer nations that dominate the world system
periphery
least developed and least powerful; often formerly colonized nations exploited for raw materials, cheap labor, and markets
semi-periphery
intermediate position between the core and the periphery in the world system; some attributes of core countries, but with less of a central role in the global economy
fordism
the dominant model of industrial production for much of the twentieth century, based on a social compact between labor, corporations, and government
flexible accumualtion
the increasingly flexible strategies that corporations use to accumulate profits in an era of globalization, enabled by innovative communication and transportation technologies
neoliberalism
an economic and political worldview that sees the free market as the main mechanism for ensuring economic growth, with a severely restricted role of government
Adam Smith theory
argued that free markets and free trade, being liberated from government intervention, would provide the best conditions for economic growth
John Maynard Keynes/ Keynesian theory
advocated for the government to have a role in moderating the excesses of capitalism and ensuring basic welfare for all citizens
The “American Dream”
the United States has a national myth of a classless society in which all have equal opportunity for upward mobility, but this has never been true
Lewis “culture of poverty” theory
argued that poverty is the result of attitudes of helplessness and dependency that make and keep people trapped in poverty and hinder upward mobility