World Geo Ch 2

When did world trade begin?

1400s

Medieval Era

Feudalism

Europe colonized and dominated for how many years?

600

What is the oldest cultural hearth and is in our country?

Mesopetania

Age of exploration

colonialism was economic, political, and cultural

hegemon

leader of world trade in system

End of Feudalism

rise of some lords over more land, creation of new farm land, rise of cities and trade ; Little Ice Age

Roman empire

traded w Chinese

Mercantilism

an economic system to increase a nation's wealth by government regulation of all of the nation's commercial interests ; merchants with massive amounts of money pay to live a luxurious lifestyle

semi-periphery

countries that contain aspects of both core and periphery

Feudalism

discouraged change, aristocracy, religion

There were two waves of colonialism between 1500 and 1975. Which of the following is not true of the second wave (1825-1975)?

economies were focused on tourism

The origin or place that a new good or service is initially produced is referred to as the:

hearth

periphery countries

the least developed and least powerful nations; often exploited by the core countries as sources of raw materials, cheap labor, and markets

Why do some scholars think China will supersede the United States as the dominant world superpower?

China has grown as a global epicenter of manufacturing, and its entrepeneurs are some of the biggest investors in the world.

There were two waves of colonialism between 1500 and 1975. Which of the following is not true of the first wave (1500-1825)?

Economies were focused on tourism

Who began claiming resources because of world trade?

Europe

Order of hegemony

Portugal, Netherlands, England-British, USA

Renaissance

Rebirth of Europe, capitalism replaced feudalism, world trade begins ; modern science begins

What was the reasoning behind the General Agreement on Trade and Tariffs to promote free trade?

There was a belief that trade restrictions had led to the Great Depression.

Who took over middle eastern trade route in 1300s

Turks

What is the economic system of world trade?

capitalism

To be hegemon you need

education, money, military (navy), government

Transportation networks may be intentionally designed to:

enhance connectivity for some communities while marginalizing others

Landlocked countries face particular exporting problems because both time and money are required to cross country borders, making transportation:

expensive

Due to every sovereign state having a vote, the World Bank and International Monetary Fund (IMF) tend to be more democratic that the United Nations (UN).

false

In general, Americans change their behavior by increasing their use of public transportation and purchasing more fuel-efficient vehicles:

in response to a significant increase in gas prices

World System Theory (Wallerstein)

one world connected by a network of economic exchanged

core countries

the most advanced industrial countries, which take the lion's share of profits in the world economic system.