Trade Basics
What goods from China were most sought after on the Silk Roads?
Silk, porcelain
What type of company funded exploration and colonization?
Joint-stock
What labor ideology called for worker control of production?
Socialism
What British company ruled India before direct colonization?
BEIC
What 1990s treaty created a continental free-trade zone in North America?
NAFTA
Which maritime innovation was key for Indian Ocean trade?
Lateen sail
What Incaeconomic system involved the taxation of labor to build the empire?
Mita
What 19th-century theory justified economic inequality in the Southern Hemisphere?
Social Darwinism
What Southeast Asian port became a key British trade hub?
Singapore or Hong Kong
What term refers to companies operating in multiple countries?
Multinational
What monsoon-driven trade route linked East Africa to India?
Indian Ocean
What location became central to Spanish silver trade?
Potosi
Which economic theorist saw history as class conflict?
Marx
Which African empire exported palm oil to Europe?
Benin
Ivory Coast
Which economic policy did Reagan and Thatcher promote?
Neoliberalism
What merchant diaspora helped spread Hinduism and trade?
Gujarati
What European power focused trade efforts on Indonesia?
Netherlands
What reform movement sought to soften capitalism’s effects?
Utopian socialism
What European power used settler colonialism in Algeria?
France
What 21st-century Chinese project seeks to rebuild Silk Road trade?
Belt Road
What navigation tool did Muslims adopt from China?
Compass
What commodity created the largest forced labor system in Brazil?
Sugar
What term describes workers’ low wages and poor conditions during the Industrial Revolution?
Exploitation
What economic shift prioritized exports of raw goods by colonies?
Export Economy
What UN goal emphasizes sustainable economic growth by 2030?
SDG-8 Decent Work ad Economic Growth