Foundations of Trade
What major overland trade route connected China to the Mediterranean?
Silk Roads
Which economic policy focused on golf accumulation and exports?
Mercantilism
What system emphasizes private ownership and markets?
Capitalism
What is the term for indirect economic control?
Economic imperialism
What development strategy limited imports post-WWII?
Import Substitution Industrialization (ISI).
Which religion spread significantly via the Indian Ocean trade?
Islam
What coerced labor system did Spain use in the Americas?
Encomienda
Who promoted laissez-faire in The Wealth of Nations?
Adam Smith
What canal symbolized British economic interests in Egypt?
Suez
What global economic institution was created at Bretton Woods to manage postwar economies?
The International Monetary Fund (IMF).
What innovation helped Saharan travel and trade?
Camel saddle
Which Dutch Company dominated Indian Ocean trade?
VOC
Which country dominated global manufacturing by 1850?
Britain
Why were post-independence Latin American economies weak?
Dependency
What economic policy promotes deregulation and free trade?
Neoliberalism
What was West Africa's key export in trans-Saharan trade?
Gold
What fueled Ming China's economy in the early modern period?
Silver
Who founded communism in critique of capitalism?
Karl Marx
What wars forced China into unequal treaties with Britain?
Opium Wars
Who led China's economic liberalization in the 1980s?
Deng Xiaoping
Which Central Asian city became a major Silk Roads hub?
Samarkland
What Inca labor system was adapted for Spanish mining?
Mita
What innovation sped up 19th-century trade and transport?
Steamships
What term describes U.S.-dominated Central American states?
Banana republics
What is a major critique of the WTO?
Inequality