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economic strategies/systems

terms to know:

  • laissez-faire / free trade

    • “hands off” governments

    • competition drives growth

  • protectionism / protective tariffs

    • protecting domestic industries

  • monopolies & trusts

    • monopoly: one individual controls it all

    • trust: a group has shares

  • corporation

    • the group as a single legal entity

britian

US

russia

latin america

economic policies

protective tariffs, religious toleration, constitutional monarchy

religious tolerance, protective tariffs, homestead act, land grants to railroads, henry clay, the american system

TSAR

dependent development

causes (background)

glorious revolution, english bill of rights, agricultural revolution

samuel slater

effect (consequences)

first to industrialize

the three economic systems

  • communism

    • everyone is the same

  • socialism

    • you will get enough to survive (pity coins)

  • capitalism

    • money money

economic strategies/systems

terms to know:

  • laissez-faire / free trade

    • “hands off” governments

    • competition drives growth

  • protectionism / protective tariffs

    • protecting domestic industries

  • monopolies & trusts

    • monopoly: one individual controls it all

    • trust: a group has shares

  • corporation

    • the group as a single legal entity

britian

US

russia

latin america

economic policies

protective tariffs, religious toleration, constitutional monarchy

religious tolerance, protective tariffs, homestead act, land grants to railroads, henry clay, the american system

TSAR

dependent development

causes (background)

glorious revolution, english bill of rights, agricultural revolution

samuel slater

effect (consequences)

first to industrialize

the three economic systems

  • communism

    • everyone is the same

  • socialism

    • you will get enough to survive (pity coins)

  • capitalism

    • money money

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