hug industry
π AP HUG Unit 7 Flashcards (100+ Terms)
Industrial Revolution + Early Industry
Industrial Revolution β Shift beginning in the mid-1700s where economies moved from farming/hand production to factory machine production.
Agrarian Economy β Economy based mainly on farming and agriculture.
Industrial Economy β Economy based on manufacturing and factory production.
Mechanization β Replacing human labor with machines to increase production.
Mass Production β Producing large quantities of goods quickly and cheaply using machines.
Factory System β Centralized production system where goods are made in factories with machines and wage labor.
Steam Engine β Invention that allowed factories to operate without water power, accelerating industrial growth.
Spinning Jenny β Machine that increased textile production by spinning thread faster.
Water Frame β Textile machine powered by water, used in early industrial factories.
Agricultural Revolution β Period of improved farming technology that increased food supply and freed workers for industry.
Seed Drill β Farming tool that planted seeds more efficiently.
Mechanical Reaper β Machine that increased harvesting speed.
Steel Plow β Tool that made soil cultivation easier and more efficient.
Enclosure Movement β Privatization of farmland in England that pushed rural workers into cities.
Coal β Key industrial fuel source that powered steam engines and factories.
Raw Materials β Natural resources used to make products (cotton, iron, rubber).
Colonialism β Political and economic control of a territory by a foreign power.
Imperialism β Policy of extending power through colonization or economic domination.
Berlin Conference β 1884β1885 meeting where European powers divided Africa into colonies.
Colonial Extraction Economy β System where colonies supply raw materials to colonizers and buy finished goods.
Urbanization + Social Change
Urbanization β Movement of people from rural areas into cities.
Rural-to-Urban Migration β Migration from countryside to cities, often caused by industrial job growth.
Wage Labor β Work where people earn money instead of producing their own goods.
Working Class β Industrial laborers who earn wages and work in factories.
Capitalist Class (Bourgeoisie) β Wealthy factory owners and business investors.
Middle Class β Group between working and wealthy classes, often professionals and managers.
Standard of Living β Overall quality of life based on income, healthcare, and access to goods.
Population Explosion β Rapid population growth caused by improved food supply and health.
Demographic Transition Model (DTM) β Model showing how population changes as a country develops economically.
Stage 2 DTM β High birth rate and falling death rate, rapid growth (early industrialization).
Economic Sectors (PrimaryβQuinary)
Economic Sector β Category of economic activity based on type of work and production.
Primary Sector β Extraction of raw materials (farming, fishing, mining).
Secondary Sector β Manufacturing and processing of raw materials into goods.
Tertiary Sector β Service jobs providing intangible products (education, retail, healthcare).
Quaternary Sector β Knowledge-based jobs requiring high education (research, tech, finance).
Quinary Sector β Top-level decision-making jobs (CEOs, high government officials).
Industrialization β Growth of secondary sector jobs and factory production.
Postindustrial Economy β Economy dominated by services and knowledge sectors.
Service Economy β Economy dominated by tertiary and quaternary jobs.
Deindustrialization β Decline of manufacturing jobs and factories in a region.
Core-Periphery Development Patterns
Core β Highly developed, wealthy countries with strong services and political power.
Periphery β Less developed countries dependent on raw materials and low-wage labor.
Semi-Periphery β Middle-development countries with growing industry and mixed economic sectors.
Global North β Wealthy, developed, politically powerful countries.
Global South β Less developed countries with lower income and more dependency.
Uneven Development β Global pattern where some regions develop faster than others.
Spatial Inequality β Unequal distribution of wealth and resources across space.
Development Gap β Difference in wealth and quality of life between rich and poor countries.
Global Division of Labor β Pattern where core controls management/tech while periphery does labor/resource extraction.
International Division of Labor β Similar concept: work is divided globally based on development levels.
Measuring Development (GDP, HDI, etc.)
Development β A countryβs level of economic and social well-being.
Economic Development β Increase in wealth, production, and economic power.
Social Development β Improvement in education, healthcare, and quality of life.
GDP (Gross Domestic Product) β Total value of goods/services produced within a countryβs borders.
GNP (Gross National Product) β Total value produced by a countryβs citizens/companies anywhere in the world.
GNI (Gross National Income) β Total income earned by a countryβs citizens, including foreign investments.
Per Capita β Average per person (GDP divided by population).
GDP per Capita β Average output per person; common development indicator.
GNI per Capita β Average income per person; useful for comparing development.
Income Distribution β How evenly wealth is spread in a population.
Wealth Gap β Difference between richest and poorest in a country.
Gender Inequality Index (GII) β Measure of inequality between men and women in health, empowerment, and labor.
Human Development Index (HDI) β UN measure combining income, education, and life expectancy.
Life Expectancy β Average number of years a person is expected to live.
Infant Mortality Rate (IMR) β Number of infant deaths per 1,000 live births.
Maternal Mortality Rate β Number of women who die from pregnancy-related causes.
Fertility Rate β Average number of children a woman will have.
Literacy Rate β Percent of people who can read and write.
Access to Healthcare β Availability of medical services; increases development and life expectancy.
Dependency Ratio β Ratio of dependents (young/old) to working-age population.
Formal vs Informal Economy
Formal Economy β Legal, regulated, taxed economic activity.
Informal Economy β Unregulated economic activity not recorded by government.
Street Vendor Economy β Common informal economy example in developing countries.
Cash Economy β Economy where transactions occur in cash without official records.
Underground Economy β Economic activity hidden from government, often informal or illegal.
Subsistence Agriculture β Farming where crops are grown mainly to feed the farmerβs family.
Commercial Agriculture β Farming focused on selling crops for profit.
Self-Employment β Work where individuals run their own small business.
Microenterprise β Small business, often supported by microloans.
Economic Vulnerability β High risk of collapse due to unstable income or reliance on one sector.
Women and Development
Gender Parity β Equal access to education, jobs, and rights between genders.
Wage Gap β Difference in pay between men and women for similar work.
Patriarchy β Social system where men hold most power and women have fewer rights.
Empowerment β Increased social, political, and economic power of marginalized groups.
Microloan (Microlending) β Small loan given to poor individuals (often women) to start a business.
Female Labor Force Participation β Percentage of women working or seeking work.
Reproductive Health β Healthcare related to pregnancy, childbirth, and womenβs health.
Adolescent Birth Rate β Number of births per 1,000 teenage girls; high rates indicate low development.
Education Access β Availability of schooling, especially important for development outcomes.
Demographic Impact of Womenβs Education β Educated women marry later and have fewer children.
Theories of Development (FRQ GOLD)
Rostowβs Stages of Growth β Model arguing all countries develop through five stages of industrialization and modernization.
Traditional Society (Rostow) β Subsistence farming, low technology, low productivity.
Preconditions for Takeoff (Rostow) β Infrastructure begins, investment rises.
Takeoff (Rostow) β Rapid industrial growth and economic expansion.
Drive to Maturity (Rostow) β Economy diversifies and becomes more stable.
Age of Mass Consumption (Rostow) β High consumerism and service economy dominance.
Modernization Theory β Idea that development happens when countries adopt Western technology and industry.
Dependency Theory β Theory that periphery remains poor because core exploits it economically.
Neocolonialism β Indirect economic control of poorer countries by richer ones.
World-Systems Theory β Wallersteinβs theory that capitalism creates a global system of core, semi-periphery, and periphery.
Global Capitalism β Economic system where production and trade are organized globally for profit.
Commodity Dependence Theory β Countries relying heavily on exporting raw commodities stay underdeveloped.
Commodity β Raw material or agricultural product sold on global markets (oil, coffee, minerals).
Price Volatility β Unstable pricing that fluctuates frequently, common in commodities.
Microeconomy β Economy dependent on one or few exports, making it vulnerable.
Industry Location + Transportation
Least Cost Theory (Weber) β Factories locate where transportation and production costs are minimized.
Weber Triangle β Model showing factory location based on raw materials and market location.
Bulk-Reducing Industry β Industry where raw materials weigh more than final product; locates near resources.
Bulk-Gaining Industry β Industry where finished product weighs more; locates near market.
Fragility Factor β Idea that fragile goods are produced near markets to prevent damage.
Break-of-Bulk Point β Location where goods transfer between transportation methods (port, rail hub).
Transportation Costs β Costs that shape where factories locate and where goods are produced.
Intermodal Transportation β Shipping using multiple transport methods (ship + rail + truck).
Containerization β Use of standardized shipping containers that lowered shipping costs and boosted globalization.
Shipping Network β Global routes and infrastructure that connect trade through oceans and ports.
Globalization + Trade + Industry Shifts
Globalization β Increasing economic and cultural connections between places worldwide.
Outsourcing β Moving production to another country to reduce labor and production costs.
Offshoring β Relocating business processes to another country (similar to outsourcing).
Global Restructuring β Shifting of industrial production from core to periphery/semi-periphery.
Rust Belt β U.S. region where manufacturing declined due to deindustrialization.
Fordism β System of mass production of standardized goods (assembly line production).
Post-Fordism β Flexible production spread across multiple countries.
Just-in-Time Delivery β Producing goods only when needed to reduce storage costs.
Multiplier Effect β One job creates additional jobs indirectly through local economic growth.
Agglomeration Economies β Benefits industries gain by clustering together in one region.
Industrial Cluster β Group of related businesses located close together.
Growth Pole β Region of rapid economic growth that spreads development outward.
Technopole β High-tech growth pole, often tied to research and innovation.
Trade Policies + Global Organizations
Complementarity β Trade occurs because countries have goods/resources the other lacks.
Comparative Advantage β Countries specialize in goods they produce most efficiently.
Economies of Scale β Cost advantages gained by producing goods in large quantities.
Neoliberalism β Economic approach promoting free markets, reduced regulation, and free trade.
Tariff β Tax on imported goods to protect domestic industries.
Trade Barrier β Any restriction on trade (tariffs, quotas, regulations).
Trade War β Cycle of retaliatory tariffs between countries.
European Union (EU) β Major political and economic union promoting free trade in Europe.
MERCOSUR β South American trade bloc designed to reduce tariffs between member states.
OPEC β Organization of major oil-exporting countries that influences global oil prices.
WTO (World Trade Organization) β Global organization that regulates and promotes international trade.
IMF (International Monetary Fund) β Global financial institution that stabilizes economies through loans and restructuring.
Financial Crises + Interdependence
Economic Interdependence β When economies rely on each other through trade and investment.
Great Depression β 1930s global economic collapse starting in the U.S.
Global Financial Crisis (2007β2008) β Worldwide recession caused by risky U.S. housing loans and bank collapse.
Subprime Mortgage β High-risk loan given to borrowers likely to default.
Recession β Significant economic decline lasting months or longer.
Debt Crisis β When a country cannot repay loans, causing economic instability.
Trade Zones + Development Strategies
SEZ (Special Economic Zone) β Area with special economic rules to attract foreign investment.
EPZ (Export Processing Zone) β SEZ focused on producing goods for export.
FTZ (Free Trade Zone) β Tax-free area for storing/assembling goods for export.
Foreign Direct Investment (FDI) β Investment by a company in another countryβs business/factories.
Sustainability + Development
Sustainability β Meeting current needs without harming future generationsβ ability to meet theirs.
Resource Depletion β Using natural resources faster than they can be replaced.
Nonrenewable Resource β Resource that cannot be replenished quickly (oil, coal, minerals).
Renewable Resource β Resource that can replenish naturally (solar, wind, forests if managed).
Industrial Agriculture β Large-scale farming using machinery and heavy resource inputs.
Aquifer Depletion β Draining underground freshwater faster than it refills.
Pollution β Contamination of air, water, or land due to industrial production.
Carbon Emissions β Release of COβ from fossil fuels, driving climate change.
Climate Change β Long-term shifts in temperature and weather patterns due to greenhouse gases.
Ecotourism β Tourism designed to protect environments while supporting local economies.
Greenhouse Effect β Trapping of heat in Earthβs atmosphere by gases like COβ.
UN Sustainable Development Goals (SDGs) β Global goals aimed at reducing poverty and increasing sustainability and equality.
β BONUS βPROCESSβ FLASHCARDS (AP LOVES THESE)
Industrialization Process β shift from primary work to factory manufacturing and urban growth.
Urban Growth Process β migration into cities due to industrial job concentration.
Globalization Process β increasing global connections through trade, transportation, and communication.
Development Process β improvement in economic output, quality of life, and infrastructure.
Core Expansion Process β core nations increase influence through trade, finance, and global institutions.
Periphery Dependency Process β periphery exports raw materials and relies on core investment and markets.
Outsourcing Cycle β corporations move production to low-wage regions, strengthening semi-periphery growth.
Deindustrialization Cycle β manufacturing leaves core regions, creating job loss and regional decline.