The World System and Colonialism

Question 1

capitalist world economy

Answer 1

profit-oriented global economy based on production for sale or exchange

Question 2

capital/capitalism

Answer 2

wealth invested with intent of producing profit/

Question 3

world-systems theory

Answer 3

idea that a discernible social system, based on wealth and power differentials, transcends individual countries

Question 4

Core/Periphery/semi-periphery

Answer 4

Core- Dominant position in the world system; nations with advanced systems of production
Periphery- weakest structural and economic position in the world system
Semi-periphery- position in the world system intermediate

Question 5

industrial revolution

Answer 5

in Europe, after 1750 socioeconomic transformation through industrialization

Question 6

industrial stratification

Answer 6

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Question 7

social stratification

Answer 7

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Question 8

closed vs. open

Answer 8

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Question 9

Bourgeoisie

Answer 9

owners of the means of production

Question 10

proletariat

Answer 10

working class

Question 11

Marx

Answer 11

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Question 12

Weber

Answer 12

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Question 13

Imperialism

Answer 13

policy aimed at seizing and ruling foreign territory and peoples

Question 14

colonialism

Answer 14

long term foreign control of a territory and its people

Question 15

post colonialism

Answer 15

describes relations btw european nations and areas they colonized

Question 16

intervention philosophy

Answer 16

ideological justification for outsiders to guide or rule native people

Question 17

adam smith

Answer 17

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Question 18

neoliberalism

Answer 18

principle that governments shouldn’t regulate private enterprise; free market forces should rule

Question 19

communism

Answer 19

property is owned by the community and people work for the common good

Question 20

post-socialism

Answer 20

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