10-1 Social Exam (UNIT 2) Flashcards
Contact between peoples with different cultures, usually leading to change in both systems.
Cultural Contact
A collection of attitudes, values, stories and expectations about the world around us, which inform our every thought and action.
Worldview
A network of routes used by traders for more than 1,500 years from East and West.
The first example of economic globalization and expanding trade routes.
Silk Road
A policy followed by European imperial powers from 16th to the 19th century. In colonies, trade was strictly controlled to benefit the economy of the imperial power.
Mercantilism
A situation where there is a single seller in the market.
Monopoly
A trading company founded in the Dutch Republic (present-day Netherlands) in 1602 to protect the state’s trade in the Indian Ocean and to assist in the Dutch wat of Independence from Spain.
^THE FIRST MULTINATIONAL CORPORATION.
Dutch East India Company
The oldest incorporated joint-stock merchandise company in the English-speaking world.
Hudson’s Bay Company
A country in relation to its colonies.
Mother Country
One country’s domination over another country’s economic, political, and cultural institutions.
Imperialism
A nation/kingdom/empire that engages in imperialism.
Imperial Powers
A country or area under full or partial political control of another country, typically a distant one, and occupied by settlers from that country.
Colonies
The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.
Colonialism
A word that combines “ethnic” and “centre”. It refers to a way of thinking that centres on one’s own race and culture. Ethnocentric people believe that their worldview is the only valid one.
Ethnocentrism
A form of ethnocentrism that uses European ethnic, national, religious, and linguistic criteria to judge other peoples and their cultures.
Eurocentrism
An economic system that advocates free trade, competition, and choice as a means of achieving prosperity.
Capitalism