Industrialization and Imperialism Overview

Flashcards covering key terms and definitions related to industrialization and imperialism.

Labor

The time and effort of people to contribute to the production process.

Land

Any natural resource drawn from nature for production of goods and services.

Capital

Physical capital is any long-lasting good used to make other goods or services.

Human capital

The skills and knowledge possessed by workers.

Industrialization

The process of developing industries in a country or region.

Technological Change

Innovations such as steam engines and chemical processes that improve production.

Division of Labor

The assignment of different tasks to different people in a production process.

Colonialism

Replacing the people in a land with your own systems for access to raw materials.

Exploitation

The act of taking advantage of a situation or individuals, often for economic gain.

Imperialism

Policy of extending a country's power and influence through colonization or military force.

Opium Wars

Conflicts between China and western powers over trade imbalances, primarily opium.

Nationalist movements

Political movements aimed at gaining independence for a nation or ethnic group.

Extraterritoriality

The right of foreigners to be protected by the laws of their own nation rather than by the laws of the host country.

Boshin War

A civil war in Japan between the ruling Tokugawa shogunate and those seeking to return imperial rule.

Taiping Rebellion

A massive civil war in China from 1850 to 1864 against the ruling Qing dynasty.