Got your back
Learnin' yo HIS TO REE
Effects of the Big One
Euro Trashed!!!
Global a Go Go
100
These are taxes on imported goods.
What are Tariffs?
100
This is trade conducted without government barriers
What is Free Trade?
100
This is the economic, political, cultural and social transformation occurring throughout the world created by increased economic interdependence
What is Globalization?
100
This is the unit of currency in the European Union?
What is the Euro?
100
This group regulates trade, tries to lower barriers & settle disputes; 164 countries and 93% of world trade. It's critics include Labor, environmentalists, human rights orgs & NGOs-They claim this group doesn’t do anything about poverty: “globalization w/out representation”
What is the WTO? World Trade Organization
200
These are government set limits on the amount of a specific good can be imported
What are Import Quotas?
200
After World War 2, the GATT treaty between 23 countries to encourage trade and decrease trade barriers was signed. What does GATT stand for?
What is General Agreement on Trade & Tariffs?
200
This is other country's fear that cultures & traditions will be overwhelmed by US values & pop culture? Creepy Ronald McDonald Statues on every street corner...
What is Americanization?
200
This organization was created after World War 2 at the Bretton Woods Conference and was designed to stabilize the global economy.
What is IMF - International Monetary Fund?
200
This is a Multilateral regional trade agreement between US, Canada & Mexico.
What is NAFTA-North American Free Trade Agreement?
300
When Governments give money to certain industries so those businesses can charge lower prices its known as this. Corn, cotton and soybeans in the US...
What are Subsidies?
300
After World War 2 this group was created to stabilize the global economy.
What is IMF? The International Monetary Fund.
300
This is a term used to refer to industrializing, developing countries.India, China, & Brazil ( as well as Chile, Colombia, Hungary, Indonesia, Malaysia, Mexico, Peru, Philippines, Poland, Russia, South Africa, Thailand and Turkey) are examples.
What are Emerging Markets?
300
This was a post World War 2 treaty between 23 countries to encourage trade and decrease trade barriers.
What is GATT-General Agreement on Trade & Tariffs?
300
Name three arguments AGAINST Globalization
What is -Prisoners and child workers -Bad for enviroment -Makes the rich richer while making the non-rich poorer -US jobs are lost and transferred to lower cost countries -US has lost economic independence-too dependent on other countries -Workers in developed countries like the US face pay-cut demands from employers who threaten to export jobs -Threat of corporations ruling the world because they are gaining power, due to globalization
400
This is an economic strategy to limit trade
What is Protectionism?
400
This is the Decade long world wide economic crisis caused by the 1929 stock market crash & the failure of the banking system
What is the Great Depression?
400
Name two of the five goals of the Marshall Plan.
What is- 1-rebuild a war-devastated region 2-remove trade barriers 3-modernize industry 4-makes Europe stable again so they can buy US made products 5-Contain the spread of communism
400
This was a vote in Great Britain on its membership of the European Union was held in June 2016, with a majority of participants voting to leave European Union.
What is Brexit?
400
Name Three arguments in favor of Globalization.
Raises poor people out of poverty (3rd world countries) 1 Click Access to a wide variety of goods Cheap consumer goods Makes countries more connected with each other Makes companies more competitive by spreading prosperity, it creates the conditions in which democracy and respect for human rights will improve
500
This is a business or person with the resources to produce a good or service more efficiently than another business
What is Comparative Advantage?
500
This is the Depression era law that raised taxes on imported goods and started an international trade war which hurt trade and caused more unemployment.
What is the Smoot-Hawley Tariff Act?
500
This was American program also known as European Recovery Program-that gave a $13+ Billion to aid Europe after World War II.
What is The Marshall Plan
500
This is a 28 nation agreement that eliminated many restrictions on the movement of people, goods services & money
What is the European Union?
500
This a term used to refer to industrializing, developing countries.India, China, & Brazil ( as well as Chile, Colombia, Hungary, Indonesia, Malaysia, Mexico, Peru, Philippines, Poland, Russia, South Africa, Thailand and Turkey) are examples of this.
What are Emerging markets?
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