Social 10-1 pg 115-131 definitions
By nathanl7, Updated
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Imperialism refers to the dominance of one country over another country's economic, political, and cultural institutions.
Imperialism is terrible. Europeans mutilated and controlled my people with force. We had no way to escape this life.
Historical globalization is identified as when Columbus made his first voyage to the Caribbean in 1492.
Historical globalization ruined my culture. The Europeans took away all that I had and forced me to assimilate to their ways.
Mercantilism is the theory that a nation's prosperity depends on its success at gaining wealth by exporting goods more than they import.
Europeans worked people like me for hours with no rest and without adequate pay. It was almost impossible to support family under these circumstances.
Capitalism has it's downsides. Government has little intervention in regulating prices of products and almost all businesses are privately owned.
Capitalism is an economic system that promotes free trade, competition and freedom to achieve prosperity.
The grand exchange was a trading process that was started by Columbus which expanded to different countries and products around the world.
The grand exchange has negative influences on a lot of things such as when people exchange information. It really affects their cultural identity and what they identify with as they might prefer the western way or some other culture than their own.
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