World History Exam Flashcards
Great Depression
1929 -1940
What year was WW1
1914-1918
WW2
1939-1945
Vietnam war
1964-1973
Democracy
People rule or elected representatives
Monarchy
Power is inherited through a family, lasts until death.
Constitutional
Power limited by a constitution
Absolute
Monarch has total control
Theocracy
Church in control
Dictatorship
Leader has power by force
Objective of Vietnam and Korean wars
End communism
Cold war(1945-1989)
Political tension and military rivalry between U.S and Soviet Union , used no actual weapons until after WW2
Command economies
Government makes all decisions
Market economies
People make private businesses
Mixed economy
Mixture of command and market
4 factors of production
Land, capital, entrepreneurs, labor
Federal reserve system
U.S banking system