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Social 10 > unit 3 > Flashcards

unit 3 Flashcards

1
Q

World Bank

A

Focuses on the worlds poorest countries 1944

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2
Q

What happened to Germany’s economy after WW1

A

It went down fast because they lost the war

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3
Q

What are 2 systems to come out of Bretton Woods

A

The World Make and Gold Standard

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4
Q

What was the gold standard

A

Trade money for gold

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5
Q

Free Market

A

No government involvement
America
Fathers are hayek and Keynes

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6
Q

Fixed Market

A

All government involvement

China

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7
Q

Mixed Market

A

Some government involvement

Canada

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8
Q

Outsourcing

A

Movement inside of a company inside a country

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9
Q

Offshoring

A

movement outside of a company inside a country

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10
Q

In recent decades most manufacturing have moved from

A

West to Asia

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11
Q

Free Trade

A

Trading freely internationally

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12
Q

NAFTA

A

trading between canada mexico and usa

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13
Q

what has replaced NAFTA

A

USMCA

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14
Q

G8

A

8 of the most economically stable country that make decision for the rest of the world

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15
Q

Trading Bloc

A

a group of countries that work together to give each other better trading terms

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16
Q

IMF

A

regulates world economic and stabilizes global economy

17
Q

trade liberalization

A

the process of reducing barriers to trade

18
Q

privatization

A

government pressured because of globalization

19
Q

continents most manufacturing happened historically

A

Europe and North America

20
Q

continent most manufacturing happens in now

A

Asia

21
Q

continent that has deindistilized due to globalization

A

Africa

22
Q

continent that has the cheapest products

A

South America

23
Q

Sustainable

A

An action that can be carried on forever or a very long time

24
Q

stewardship

A

the careful and responsible management of natural resources to ensure sustainability

Social 10 (3 decks)

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