Social Studies 10-1 Unit 2 Latest Version Graded A+

Social Studies 10-1 Unit 2 Latest Version Graded A+ Imperialism One country's domination over another country's economic, political, and cultural institutions. Colonialism When people from one country settle into another country and establish economic, social, and political control over the territory. Historical Globalization A period that is often identified as beginning in 1492, when Christopher Columbus made his first voyage, and ending after World War II, when the United States and the Soviet Union emerged as superpowers. Mercantilism In colonies, trade was strictly controlled to benefit the economy of the imperial power by taking raw resources from the colony and using them to create finished goods. Capitalism An economic system that advocates free trade, competition, and choice as a means of achieving prosperity. Silk Road The route along which ideas, goods and technology was exchanged. Grand Exchange A trading process that began when Christopher Columbus brought seeds, fruit trees, and livestock from Europe to the Americas; and in return recieved different species of plants from North America to bring back to Europe. Industrial Revolution A time in history marked by urbanization, increased production and mechanization. Slavery The economic policy of applying property laws/status to human beings. White Man's Burden A famous poem by Rudyard Kipling who's main theme was how difficult it was for white Europeans to go and save a population of people (slaves) from themselves. Indentured Labour Typically a young unskilled laborer who came to America under contract to work for an employer for a fixed period of time, usually three to seven years, in exchange for their ocean transportation, food, clothing, lodging, etc... Legacy Something that has been passed on by those who lived in the past. Can be both positve or negative in nature. Ethnocentrism A word that combines