10th
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
Knowt
Note
Studied by 5 people
