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Social Justice and Peace Studies > Social Justice and Peace Studies Mid Term > Flashcards

Social Justice and Peace Studies Mid Term Flashcards

1
Q

What is a society of perpetual growth?

A

A society of perpetual growth is a society that is constantly advancing and developing to make a profit.

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2
Q

What is consumer capitalism?

A

Consumer capitalism is when the demand is manipulated, their are societal pressures and the sellers are at an advantage.

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3
Q

What is commodity money?

A

A form of currency in which the value of the currency comes from the material of which it is made (ex, gold).

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4
Q

What is money?

A

A medium of exchange.

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5
Q

What is fractional reserve banking?

A

Only a fraction of bank deposits are backed by actual cash and are available for withdrawal.

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6
Q

What is debt money?

A

Money owed and interest.

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7
Q

What are externalities?

A

Consequences that are not reflected on the cost of the goods and services (ex, air pollution from cars).

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8
Q

What is capitalism?

A

Capitalism is an industry controlled by private owners.

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9
Q

What is bon marche?

A

Bon marche was the first shopping centre in Paris, France that allowed individuals to browse without having to buy.

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10
Q

What is the benevolent side of capitalism?

A

Creating organic growth while at the same time wishing all well. Looking further into the consequences and trying to provide a better future.

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11
Q

What are transformations in institutions to expand consumer capitalism?

A

Promotion of consumption through education, family, etc.

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12
Q

What are transformations of spiritual and intellectual values.

A

Alleged effects of product and the promise of a richer, fuller, life. These values are also psychological and social.

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13
Q

What does reconfiguring time, space, and class mean?

A

Consumption has reordered our organization of time, reconstructed our living space, created new space for the encouragement and altered the ways we view one another.

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14
Q

What is kinder culture?

A

Kinder culture is when children become consumers and influence what their parents buy for them.

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15
Q

What is the social construction of childhood?

A

Completely redefining childhood. Society makes all of the decisions.

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16
Q

What is wrong with disneyland?

A

Disneyland encourages consumption and promotes a fantasy world.

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17
Q

What does exporting the consumer mean?

A

Constructing the consumer on a global scale.

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18
Q

What does colonialism mean?

A

The policy or practice of acquiring full or partial political control over another country.

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19
Q

What is imperialism?

A

A policy of extending a country’s power and influence through diplomacy or military force.

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20
Q

What are the 4/5 elements of capitalism?

A
  1. Commodities (capital and consumer goods)
  2. Money (exchange)
  3. Labour Power (work to change a commodity into another)
  4. Means of Production (capital goods - lands, machines)
  5. Production (labour power + means of production)
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21
Q

What is the black box of capitalism?

A

In the box commodities are produced and consumed.

Money, investments, box, profits, more money.

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22
Q

What is labour mobility?

A

Moving temporarily or premaritally for employment.

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23
Q

What is segmentation of the labour force?

A

Division by race, religion, ethnicity, age, or gender.

24
Q

What is the discipline of labour?

A

Time and control.

25
Q

What is resistance?

A

They were aggressive and protested against the conditions in which they were placed.

26
Q

What is exporting labour overseas?

A

It is cheaper to make products overseas.

27
Q

What are 5 historical issues that led to the growth and development of capitalism?

A
  1. How did the distribution of wealth change, and how did one area of the world come to dominate the other economically?
  2. How and why did these transformations in the organization of capital come about?
  3. How did the level of global economic integration increase, and what were the consequences for the merchant adventurer, as well as others?
  4. How do we explain the occasional collapse of national and global economies?
  5. How did an economy arise in which people had to spend, earn, and produce more this year than last and more next year than this, is perpetuity?
28
Q

When did global trade start?

A

1400

29
Q

What is slavery / slave trade?

A

The slave trade is believed to be forced on Africa in the mid 17th century. However, the slave trade is when they exchanged goods for people rather than money.

30
Q

What is settler society?

A

Attempts to premaritally settle in other parts of the world.

31
Q

What is the birth of finance?

A

Movement of money, making money with money, it is allowed, has interest and institution development.

32
Q

What is the era of the industrialist?

A

This started in 1800 and Europe surpassed everyone else.

33
Q

What is the industrial revolution?

A

Transition to new manufacturing processes.

34
Q

What are the 8 reasons for the industrial revolution?

A
  1. Demand for goods
  2. Supply of capital
  3. Population growth
  4. Expansion of agriculture
  5. Entrepreneurial spirit
  6. State support of trade
  7. Growth of merchant class (bourgeoisie - city)
  8. Revolution in consumption
35
Q

What was the rise of the factory?

A

May not produce quality or quantity that you need, bigger population = more textiles, need a factory to supply the demand.

36
Q

What is the age of imperialism?

A

1800-1900, there became better transportation. Extending power through diplomacy or military force.

37
Q

What are corporations?

A

Big names in varying industries, a company or group of people authorized to act as a single entity and recognized as such in law.

38
Q

What is Bretton Woods?

A

This agreement is the landmark system for monetary and exchange rate management established in 1944. Bretton woods was the name of the place in Massachusetts where 40+ nation heads met to come up with the IMF and the World Bank.

39
Q

What is global debt?

A

Outstanding debt that is owed to another country.

40
Q

What is the IMF?

A

The IMF promotes international financial stability and monetary cooperation, facilities trade, promotes employment and growth and helps to reduce poverty.

To make funds available for countries to meet short term financial needs and to stabilize currency exchanges between countries.

41
Q

What is the World Bank?

A

The world bank regulates currencies, reduces poverty and increases shared prosperity.

42
Q

What is the great “second contraction”?

A

This happened in 2007 when there was a burst of a housing bubble in the USA.

43
Q

What is personal debt?

A

When you owe money.

44
Q

What is culture?

A

Learned beliefs and behaviours, the rules by which we order our lives, and the meanings that human beings construct to interpret their universes and their places.

45
Q

What is capital?

A

The world exists of resources and productive capacities that can create value. Anything that can be put to work to produce something of value. Money or other assets.

46
Q

What is a capitalist?

A

A person that owns the means to produce something of value.

47
Q

What is labour?

A

Power, ideas, and creativity that you can have that you can sell to someone in the world.

48
Q

What is history vs. distory?

A

Shadow - Make the dark side of economic production invisible.

Disney Effect - No negatives.

49
Q

Transformation of values and beliefs.

A

Frugality to consumption, luxuries to necessities.

50
Q

What is the story of stuff?

A

Extraction, production, distribution, consumption, disposal.

51
Q

What limits growth?

A

Government, liberal democracy (freedom and protect), responsibility of individual, taxation, and meritocracy (government people selected by ability).

52
Q

What are the 3 types of money?

A
  1. Standardized means of exchange.
  2. Commodity money vs. paper money.
  3. Debt money.
53
Q

Fiat or debt money: capitalism is built on faith and trust.

A

Money existing on an account but it is only backed by a legal obligation, no gold only paper, less than 5% of our money is in cash.

54
Q

What is commodification?

A

Anything that can be bought, sold, or exchanged on the free market including ideas, labour, products and people.

55
Q

Global Traders Europeans

A

Economic rise of Europe, they had powerful firearms, able to bring horses, presence of disease (influenza and small pox), orientalism.

56
Q

What are financial economic bubbles?

A

Making money from money, managing all money, increasing in bank and bankers, and Europe has a strong safety net.

Social Justice and Peace Studies (2 decks)

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