unit 2

Question 1

Supply and Demand

Answer 1

When supply is up demand is down as when supply is down demand goes up.

Question 2

Mercantilism

Answer 2

A eurocentric economic policy whereby European monarchs increased their wealth through international trade

Question 3

Capitalism

Answer 3

An economic system for increasing individuals wealth, requiring a relatively free market, open competition, profit motive, and at least some private ownership of the means of production

Question 4

Free Market

Answer 4

An economy that has little to no government involvement

Question 5

Industrialism

Answer 5

A stage of economic development that occurs when the place of production shifts from home to small craft store to large factories

Question 6

Imperialism

Answer 6

An association between people that benefits one partner over the other
Wealth=Power

Question 7

Who was involved in the fur trade

Answer 7

Great Britain
France
They did not like each other

Question 8

What are the 2 categories of Imperialism

Answer 8

Religion- Catholic and Protests

Economy-Resources and Workers

Question 9

Paternalistic

Answer 9

Treating of governing a people in a fatherly way

Question 10

Indian Act

Answer 10

Replace traditional Aboriginal governments with the brand councils that had real power
Take control of resources
Forcibly replaced Aboriginal concepts with Europeans especially marriage and parenting

Question 11

British East Indian Company

Answer 11

• Similar to Hudsons Bay Company
• Traded with India in the 1600s
• Queen Elizabeth grants BEIC monopoly in India
• Developed its own army

Question 12

Royal Commision

Answer 12

A formal public inquiry into a specific issue
The government sees a possible problem and reports it to The Crown.
A group is appointed to lead the inquiry into the issue.

Question 13

Whats the Oka Crisis

Answer 13

Quebec government wanted to take away land from the FN that they have had since the 1700s to make a golf course

Question 14

Subsidies

Answer 14

Financial help to an industry by the government

Question 15

Chiapas

Answer 15

Descended from those who survived Spanish Conquest
The main source of income is farming
After Spanish conquest, they were forced into the less desirable land so Spanish settles could sustain themselves.
In the early 2000s, around 40% of the population suffered from malnutrition and were mostly ignored by the government