Exploitation of the 3rd World
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9 Terms
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Commerce
Relations and exchange
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Exploitation
Denial of fair/ adequate compensation of resources’ value
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Lobor theory of value
Value derives from the input of labor
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intrinsic value
fundamental worth
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Use value
practical utility or ability to satisfy human needs
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Old World
Britain, Portugal, Belgium, Portugal, Dutch, Spain
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New World
Africa, Asia, The Americas, The Caribbean
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Colonization/ Impearism in Temperate zones
Colonizers move in and settle in the place they are invading, focusing on modernizing the area around them
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Colonization/ Impearism in Tropical zones
Colonizers focus on extracting resources from the area they are colonizing as well as labor as a resource
Note 
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