Laissez Faire Adam Smith Capitalism Adam Smith advocates

Laissez Faire/ Adam Smith/ Capitalism • Adam Smith – advocates free market and free trade • Government doesn’t interfere with the market • Law of supply and demand determines prices • Private individuals make economic decisions • Private property and profit incentive

Marx/Engels – Communist Manifesto • Profits from work should belong to the workers • Criticized the capitalist system during the Industrial Revolution • Class struggle • Proletariat would eventually overthrow capitalism

Traditional Economy • Relies on hunting, farming, farming and herding • Bartering • Self-sustaining

Mercantilism

Thomas Malthus – Population Theory

Urbanization/Inequality • Affects much of Africa, Asia and Latin America • Promoted by railroad • Weakens traditional values • Urbanization often leads to income inequality

Primary Source v. Secondary Source

AIDS Epidemic • Causes life expectancy to go down in Asia and Africa • Widespread in Africa

Ethnic Conflicts/Genocide – Rwanda, and Africa after WWII,

Genocide - Cambodia – Pol Pot, Khmer Rouge, Killing Fields

Genocide - Holocaust/ Nuremberg Laws/Jews

Universal Declaration of Human Rights

Political Map – Shows Countries, Cities…. .

Physical Map – Shows geographic Features of a Place

Topographic Map – Uses Contour Lines to Show Details

Peninsulas – Korea, Saudi Arabia, Spain/Portugal

Sahara Desert – A Natural Barrier that Separates North Africa from the Rest of the Continent

Monsoons - India

Subsistence Farming -Farmers Focus on Growing Enough Food to Feed Themselves and Their Families.

Eurocentric – Near East, Far East, Middle East

Middle East – Oil Exporting Countries - OPEC

Cultural Diffusion – Location of Korea between China and Japan

European Union EU - A Politicoeconomic Union of 28 Countries

NAFTA – North American Free Trade Act

United Nations UN – an Intergovernmental Organization to Promote International Cooperation.

Organization of Petroleum Exporting Countries OPEC

Imperialism/Colonialism

Democracy

Fascism - a governmental system led by a dictator having complete power, suppressing opposition and criticism

Social Scientist - Economist • Studies the distribution and use of limited resources (scarcity) • Studies the production and exchange of goods and services • Studies demand supply • Studies trade and development

Social Scientist- Archaeologist • Classifies artifacts • Analyzes radiocarbon dating test • Studies ancient ruins

Social Scientist - Historian • Use a variety of evidences • Examines primary documents • Compares society and regions

Monotheism – A Religion that Believes in Only One God

Polytheism – A Religion that Believes in Many Gods

Hinduism Vedas Caste Reincarnation

Buddhism Four Eightfold Nirvana Noble Truths Path

Religions that Emphasis on Harmony with Nature Shinto Daoism Animism

Fundamentalism – Iran Revolution

Green Revolution

Desertification – Africa - Overgrazing

Global Warming

Deforestation/Rain Forest

Terrace Farming – Inca (Peru), China, Japan

Terrorism