Fab vocab
Hitler convinced a large portion of the population that they were part of this superior race that deserved to rule over others.
What is the Aryan race?
This index measures life expectancy, education, and income to rank countries' development.
What is the Human Development Index (HDI)?
The ability of current generations to meet their needs without compromising future generations.
What is sustainable prosperity?
This network of countries operates as one large market with a shared currency.
What is the EU?
A political theory advocating for class equality and publicly owned property.
What is Communism?
In order to focus on rebuild their own economies after the war, many countries resorted to this practice.
What is Isolationism?
Integrated ________ have helped to reshape global trade patterns.
What are supply chains?
Critics argue that globalization can lead to this consequence, where wealthier nations exploit the labor and resources of poorer countries.
What is economic disparity?
To help pay for the damage from WW1, many European countries had to do this.
This organization, formerly GATT, was established in 1995 to increase international trade by lowering trade barriers and making trade more predictable.
What is the World Trade Organization (WTO)?
A practice where a ship is registered in a country with lax regulations to reduce operating costs.
The iphone is an example of this.
What is media convergence?
The responsible management of resources to ensure long-term environmental health.
What is Stewardship?
Imposing restrictions or penalties on a country to change behavior without military force.
What are sanctions?
This economic and military alliance of Western nations during the Cold War promoted shared security interests.
What is NATO?
An economy where growth depends on access to information, innovation, and high-level skills.
What is a knowledge economy?
Why was it known as the Roaring 20s?
What is economic collectivization and collective farms?
What were Hayek's views regarding the economy? (Market)
This system of negotiating ensures that no one country dominates the decision-making process.
What is Multilateralism?
This system allows for parts to be ordered and arrive at the factory/store the moment they are needed.
What are Just-in-time delivery systems? (JIT)
This guy, the absolute monarch of Russia, left this other guy in charge while he went to lead his troops, ultimately leading to the end of the monarchy and a Bolshevik revolution led by this guy.
Who is Czar Nicolas II, Rasputin, and Lenin?
The UN made 17 of these to hopefully be achieved by 2030.
What are Sustainable Development Goals?
What were Keynes views regarding the economy? (mixed)
What was agreed upon according to the Treaty of Versailles?