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EconomicTerms
DocumentsDocuments
EconomicSystems
Eras of Change
Principlesof the
Constitution
AmericanCivilWar
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The economic term for growing just enough food for the immediate family to eat
What is subsistence agriculture?
Total value of all the goods and services produced by nation
for the year
What is the Gross Domestic Product?
•Higher standards of living
•Advanced technology
•Low birth and mortality rate
•High GDP
•High literacy rate
What are characteristicsof a developed
nation?
The economic term illustrated when nations are dependant on others for essential goods and
services (such as the dependence of others on the Middle East for
oil)
What is global interdependence?
Document that begins withthe words, “We hold thesetruths to be self evident…
that all men are created equal.”
What is the Declaration of Independence?
Document added to the Constitution in
1791 to guarantee the individual rights of
citizens of the
United States
What is the
Bill of Rights?
English document written to guarantee a king could not hold a person in jail without
telling him of the charges
What was the Writ of Habeas Corpus?
The papers written to support the ratification of the Constitution
because the Articles of Confederation were so weak that
many did not feel the country could survive unless the new
form of government was adopted.
What were the Federalist Papers?
The type of economic system illustrated by
feudalism
What is a traditional economic system?
The command marketsystem used
during the Age ofExploration when
European monarchs triedto acquire gold and control
the trade and manufacturing of the colonial possessions they had
acquired
What was mercantilism?
The three economic questions that every country must answer
What are1. What should be produced?
2. How it is to be produced?
3. Who should get it?
Three characteristics of a free enterprise capitalist system
What are•Private property
•Profit
•Competition?
The 1789 challenge to the idea of hereditary
rule and social mobility; the ideas later swept across
Europe
What was the French Revolution?
The Age that challengedtraditional thinking,
replacing it with controlledexperiments and
observation to explain the world and nature
What was the Scientific Revolution?
Led by England with the mass production of goods in factories
What was the Industrial Revolution?
The name for the change begun when man began to grow
his own food as well as developing more
refined stone implements for tools
What was the Neolithic Revolution?
The principle in the Constitution that divides
the functions of the government into
legislative, executive, and judicial AND the reason
for its use
What is the separation of powers and to keep
one branch from having more power
than the other?
The French philosopher who influenced Madison
and others at the Constitutional Convention to divide the power of the
government in order to control it
Who was Montesquieu?
What is the term that explains that the people have the supreme power and give it to those who
govern?
Popular Sovereignty
The Amendment that guarantees rights not
specified in the Constitution are kept by
the people and can not be denied to them by the
government
What is the 9th Amendment?
Two of the major reasons the North was able to win the Civil
War
What are:1. An industrial economy
2. Resources necessary to fight a war
3. A navy
4. Larger population
The military leadership of such
people as Robert E. Lee and Stonewall
Jackson
What was the one advantage the South had over the North in
the Civil War?
The preview of the breakup of the Union, occurring when South Carolina threatened
secession over the tariff on imports?
What was the Nullification Crisis of
1832?
The provisions of the three post Civil War Amendments to the
Constitution, designed to deal with the
abolition of slavery
What is the 13th Amendment which abolished slavery, the 14th which defined state and national citizenship, and the
15th which gave ex-slaves the right to vote?
The Declaration of Independence
The English philosopher and title of the work that
greatly influenced Thomas Jefferson in the
writing of the Declaration of Independence
Who was John Locke who wrote Two
Treatises on Civil Government?
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