Modern Economic Systems
The three modern economic systems
What is communism, socialism, and capitalism?
Stronger country takes political and economic control over a weaker country or territory
What is imperialism?
Causes of World War 1
What is militarism, alliances, nationalism, imperialism, and the assassination of Franz Ferdinand?
The heir to the Austrian throne
Who is Archduke Franz Ferdinand?
Pride/loyalty to one's country and causes
What is nationalism?
The factors of production are privately owned and money is invested in business ventures to make a profit
What is capitalism?
Congo was rich in this resource
Rubber
The two "sides"
What is the Central Powers and the Allied Powers?
What is Italy?
The person who organized the Berlin Conference
Who is Otto von Bismarck?
Form of complete socialism in which the means of production would be owned by the people
What is communism?
Stronger country takes physical control over a weaker country or territory
What is colonialism?
The rise of industry leading to larger armies/navies
What is militarism?
The murderer of Franz Ferdinand
Who is Gavrilo Princip?
The year the US joined the war
What is 1917?
Letting owners of industry and business set working conditions without interference
What is Laissez faire?
The Belgian King who took over Congo
On July 28, 1914, Austria-Hungary declared war on which country
What is Serbia?
The nations of the Allied Powers
What is France, Britain, and Russia (and Italy)?
The reason the perception of World War 1 changed
What is it was seen as brutal and devastating?
This modern economic system inspired beliefs of social justice, for example, the right to vote
What is socialism?
The three types of imperialism
What is colony, protectorate, and sphere of influence?
On August 3, 1914, Germany declared war on France for this reason
What is they knew France would aid Russia?
The nations of the Central Powers
What is Germany, Austria-Hungary, and the Ottoman Empire?
The difference between indirect and direct imperialism
What is indirect control and a sphere of influence?