Vocab 1 Flashcards
Self-rule
Self government
Annexation
to add (an area or region) to a country, state, etc. : to take control of (a territory
Communism
A way of organizing a society in which the government owns the things that are used to make and transport products (such as land, oil, factories, ships, etc.) and there is no privately owned property
Fascism
a way of organizing a society in which a government ruled by a dictator controls the lives of the people and in which people are not allowed to disagree with the government
Containment
The action of keeping something harmful under control
Democracy
a form of government in which people choose leaders by voting
Free Market
an economic market or system in which prices are based on competition among private businesses and not controlled by a government
Americanization
The influence the U.S. has on the culture of other countries
WTO
World trade organization
NAFTA
An agreement among the U.S. Canada and Mexico designed to remove tariff barriers between the three countries
Bilateral
Involving two parties, usually countries
GDP
Gross domestic product
Per capita income
The total national income divided by the number of people on the nation
Capitalism
a way of organizing an economy so that the things that are used to make and transport products (such as land, oil, factories, ships, etc.) are owned by individual people and companies rather than by the government
UN
United Nations
