20th Century Ends
Year the USSR broke into independent republics
In 1991 the USSR broke apart, leaving the US as the world's only superpower
An organization of European nations who hope to make their economies stronger in the world marketplace
The European Union (EU)
A Democracy
True/False: In the United States, individual voters choose the next president
False: A group called the Electoral College elects the next president
The total value of everything produced by a nation's people and businesses
Gross Domestic Product (GDP)
Process in which more countries become connected economically
Founded in 1994, this agreement hoped to lower tariffs between the US, Canada, and Mexico
North American Free Trade Agreement (NAFTA)
A form of government ruled by royalty, such as a king or queen
A Monarchy
2004 saw the largest single European Union expansion ever in terms of territory and population. How may countries joined?
In 2004, nine Eastern Eurpean countries joined the EU. Poland, Czech Republic, Slovakia, Hungary, Slovenia, Estonia, Latvia, Lithuania, and Cyprus
In 2017, the worlds top 10 economies were the US, China, Japan, Germany, the UK, France, __, __, __, and __.
US, China, Japan, Germany, the UK, France, India, Italy, Brazil, and Canada
Taxes on goods traded between countries
Tariffs
An organization founded in 1995 to help create agreements and settle arguments relating to trade between the nations of the world
World Trade Organization (WTO)
A state in which one person has gained complete power, usually by force
A Dictatorship
In 2016, what was the UK's planned departure from the EU called?
The UK's planned departure from the EU was called "Brexit"
After the Great Recession, what two industries saw the most profits?
Energy and Technology companies
This man invented the internet in what year, and when did the public first begin using it?
Tim Berners-Lee invented the internet in 1989. However, the public did not begin using it until 1992.
This organization is comprised of the major oil producers in the world, and set oil prices for its members
Organization of the Petroleum Exporting Countries (OPEC)
A form of government in which most businesses and resources are owned by the state instead of the people
Communism
When did North Korea leave the Nuclear Non-Proliferation Treaty, and when did they bein testing nuclear weapons?
Under Kim Jong-un, North Korea left the Nuclear Non-Proliferation Treaty in 2003, and began testing nuclear weapons in 2006
In 2017, why did President Trump begin pulling away from international cooperation, such as the Trans-Pacific Partnership with Australia and NAFTA?
President Trump believed the US was not getting the best deal from trade agreements
What happened when OPEC stopped exporting oil to the US in 1973?
Oil prices rose, supplies dropped, and the global economy suffered
An agreement signed in 1970 in order to help stop the spread of nuclear weapons and promote cooperation in the peaceful use of nuclear energy
Nuclear Non-Proliferation Treaty
A form of government in which voters elect leaders to represent them and their interests
A Republic
In 2010, a wave of revolutions, called the Arab Spring, swept through the Arab world. Although largely unsuccessful, what did they call for?
The Great Recession, late 2000s-early 2010s, was the worst economic breakdown since WWII. Name 1 major factor and 2-3 effects.
Factors: Banks took too many financial risks and governments did control them
Effects: Higher unemployment, food prices, and government debt.