Details Title: Part 2 Chapter 8 Description: Foundations of Historical Globalization Total Flash Cards: 11 Created: 04/01/2009 09:55:00		New Users: To study from this flashcard set, or to create your own your own study flash cards, REGISTER HERE. Existing Users: CLICK HERE. Additional International Studies Flashcards
Cards in this set: Term Eurocentrism Definition the belief tht European concerns, cultures, and values are superior to those of others Term International Trade Definition the exhange of raw materials, goods, and services amount distant groups of people Term Historical Fiction Definition stories set in a specific time and place in history, sometimes using historical characters Term Mercantilism Definition a Eurocentric economic policy whereby European monarchs increased their wealth through international trade Term Monoply Definition occured in the past when a monarch granted one individual or a single company the sole right to gather and trade in a particular good; today, monoplies exist when a business has no competition in a market, such as when a product or service is controlled by our company Term HBC Definition Hudson's Bay Company Term Capitalism Definition an economic system based on free markets, private ownership of business and industry, and the profit motive Term Free Market Definition an economy in which government does not interfere in business activities; supply and demand are not regulated, or are regulated with only minor restrictions Term Industrialization Definition the shift of a country's major economic activity from agriculture to manufacturing Term Entrepreneur Definition a person who sets up of finances a new business or industry to make a profit Term ILO Definition International Labour Organization