1 subsistence agriculture type of farming in which the farmer and family can barely make a living
TRANSCRIPT
2
technology
A society's practical knowledge, especially with reference to its material culture and modes of production. Uses science and inventions.
3
totalitarianism
An ideology where all social, economic, and political powers are centered in the government completely.
6
standard of living
Measure of how well people are living based upon the availability of resources and wealth.
7
terrorism
The use of violence for political purpose.
Darryl Worley:
http://youtube.com/watch?v=m_-x9kMPauc
8
sphere of influence
An area of one country under the control of another. In China, these areas guaranteed specific trading privileges to each imperialist nation within its respective sphere.
14
Third World
Term used to describe the “developing” (poorer) nations of Africa, Latin America, and Asia.
1st World = technologically advanced nations (U.S.. Europe, Canada, Australia)
2nd World = Communist nations regarded in the latter part of the 20th century as a political and economic bloc
15
traditional economy
An economy based on agriculture, with others in society working in simple crafts, such as the manufacturing of cloth or pottery.
16
Solidarity
An independent Polish labor Union which fought against communism in Poland in the 1980s. Most notable for helping to end communism in Poland and throughout Eastern Europe.
- led by Lech Walesa
18
status quo
Term that describes a state of affairs existing as they are at the present time.
The way things are now.
19
supply and demand
Economic theory of a market economy that prices reflect the demand for a product and its availability.
If something is rare, and people want it, the price will be high!