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AP World History Time Period 2 Flashcards

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11490383182Alexander the GreatAlexander III of Macedon (356-323 B.C.E.), conqueror of the Persian Empire and part of northwest India.0
11490383183AryansIndo-European pastoralists who moved into India about the time of the collapse of the Indus Valley civilization; their role in causing this collapse is still debated by historians.1
11490383184AshokaThe most famous ruler of the Mauryan Empire (r. 268-232 B.C.E.), who converted to Buddhism and tried to rule peacefully and with tolerance.2
11490383185Cyrus (the Great)Founder of the Persian Empire (r. 557-530 B.C.E.); a ruler noted for his conquests, religious tolerance, and political moderation.3
11490383186Darius IGreat king of Persia (r. 522-486 B.C.E.) following the upheavals after Cyrus's death; completed the establishment of the Persian Empire.4
11490383187Greco-Persian WarsTwo major Persian invasions of Greece, in 490 B.C.E. and 480 B.C.E., in which the Persians were defeated on both land and sea.5
11490383188Han dynastyChinese dynasty that restored unity in China softened legalist policies. Begun in 202 B.C. by Liu Bang, the Han ruled China for more than 400 years.6
11490383189Hellenistic eraThe period from 323 to 30 B.C.E. in which Greek culture spread widely in Eurasia in the kingdoms ruled by Alexander's political successors.7
11490383190HerodotusGreek historian known as the "father of history" (ca. 484-ca. 425 B.C.E.). His Histories enunciated the Greek view of a fundamental divide between East and West, culminating in the Greco-Persian Wars of 490-480 B.C.E.8
11490383191Mandate of HeavenThe ideological underpinning of Chinese emperors, this was the belief that a ruler held authority by command of divine force as long as he ruled morally and benevolently.9
11490383192Mauryan EmpireA major empire (322-185 B.C.E.) that encompassed most of India.10
11490383193PatriciansWealthy, privileged Romans who dominated early Roman society.11
11490383194Pax RomanaThe "Roman peace," a term typically used to denote the stability and prosperity of the early Roman Empire, especially in the first and second centuries C.E.12
11490383195Peloponnesian WarGreat war between Athens (and allies) and Sparta (and allies), lasting from 431 to 404 B.C.E. The conflict ended in the defeat of Athens and the closing of Athens's Golden Age.13
11490383196PersepolisThe capital and greatest palace-city of the Persian Empire, destroyed by Alexander the Great.14
11490383197Persian EmpireA major empire that expanded from the Iranian plateau to incorporate the Middle East from Egypt to India; flourished from around 550 to 330 B.C.E.15
11490383198PlebiansPoorer, less privileged Romans who gradually won a role in Roman politics.16
11490383199Punic WarsThree major wars between Rome and Carthage in North Africa, fought between 264 and 146 B.C.E., that culminated in Roman victory and control of the western Mediterranean.17
11490383200Qin DynastyA short-lived (221-206 B.C.E.) but highly influential Chinese dynasty that succeeded in reuniting China at the end of the Warring States period; used legalism to rule18
11490383201SolonAthenian statesman and lawmaker (fl. 594-560 B.C.E.) whose reforms led the Athenians toward democracy.19
11490383202WudiHan emperor (r. 141-86 B.C.E.) who began the Chinese civil service system by establishing an academy to train imperial bureaucrats.20
11490383203XiongnuNomadic peoples to the north of the Great Wall of China who were a frequent threat to the stability of the Chinese state.21
11490383204AristotleA Greek polymath philosopher (384-322 B.C.E.); student of Plato and teacher of Alexander the Great.22
11490383205BuddhismThe cultural/religious tradition first enunciated by Siddhartha Gautama23
11490383206ConfucianismThe Chinese philosophy first enunciated by Confucius, advocating the moral example of superiors as the key element of social order.24
11490383207ConfuciusThe founder of Confucianism (551-479 B.C.E.); an aristocrat of northern China who proved to be the greatest influence on Chinese culture in its history.25
11490383208ConstantineRoman emperor (r. 306-337 C.E.) whose conversion to Christianity paved the way for the triumph of Christianity in Europe.26
11490383209DaodejingThe central text of Daoism; translated as The Way and Its Power.27
11490383210DaoismA Chinese philosophy/popular religion that advocates simplicity and understanding of the world of nature, founded by the legendary figure Laozi.28
11490383211Filial pietyrespect shown by children for their parents and elders29
11490383212Greek rationalismA secularizing system of scientific and philosophic thought that developed in classical Greece in the period 600 to 300 B.C.E.; it emphasized the power of education and human reason to understand the world in nonreligious terms.30
11490383213HinduismA word derived from outsiders to describe the vast diversity of indigenous Indian religious traditions.31
11490383214HippocratesA very influential Greek medical theorist (ca. 460-ca. 370 B.C.E.); regarded as the father of medicine.32
11490383215Jesus of NazarethThe prophet/god of Christianity(ca. 4 B.C.E.-ca. 30 C.E.).33
11490383216YahwehA FORM OF the Hebrew name of God used in the Hebrew Scriptures. The monotheistic religion developed by the Hebrews, emphasizing a sole personal god with concerns for social justice.34
11490383217KarmaIn Hinduism, the determining factor of the level at which the individual is reincarnated, based on purity of action and fulfillment of duty in the prior existence.35
11490383218LaoziA legendary Chinese philosopher of the sixth century B.C.E.; regarded as the founder of Daoism.36
11490383219LegalismA Chinese philosophy distinguished by an adherence to clear laws with vigorous punishments.37
11490383220NirvanaThe end goal of Buddhism, in which individual identity is "extinguished" into a state of serenity and great compassion.38
11490383221PlatoA disciple of Socrates whose Dialogues convey the teachings of his master while going beyond them to express Plato's own philosophy; lived from 429 to 348 B.C.E.39
11490383222PythagorasA major Greek philosopher (ca. 560-ca. 480 B.C.E.) who believed that an unchanging mathematical order underlies the apparent chaos of the world.40
11490383223Siddhartha Gautama (the Buddha)The Indian prince turned ascetic (ca. 566-ca. 486 B.C.E.) who founded Buddhism.41
11490383224SocratesThe first great Greek philosopher to turn rationalism toward questions of human existence (469-399 B.C.E.).42
11490383225UpanishadsIndian mystical and philosophical works, written between 800 and 400 B.C.E.43
11490383226VedasThe earliest religious texts of India, a collection of ancient poems, hymns, and rituals that were transmitted orally before being written down ca. 600 B.C.E.44
11490383227Warring States PeriodPeriod in China from 403 to 221 B.C.E. that was typified by disorder and political chaos.45
11490383228Yin and YangExpression of the Chinese belief in the unity of opposites.46
11490383229ZarathustraA Persian prophet, traditionally dated to the sixth or seventh century B.C.E. (but perhaps much older), who founded Zoroastrianism.47
11490383230ZoroastrianismPersian monotheistic/dualistic religion founded by the prophet Zarathustra.48
11490383231caste as varna and jatiThe system of social organization in India that has evolved over millennia; it is based on an original division of the populace into four inherited classes, with the addition of thousands of social distinctions based on occupation, which became the main cell of social life in India.49
11490383232dharmaIn Indian belief, performance of the duties appropriate to an individual's caste; good performance will lead to rebirth in a higher caste.50
11490383233helotsThe dependent, semi-enslaved class of ancient Sparta whose social discontent prompted the militarization of Spartan society.51
11490383234latifundiaHuge estates operated by slave labor that flourished in parts of the Roman Empire52
11490383235PericlesA prominent and influential statesman of ancient Athens (ca. 495-429 B.C.E.); presided over Athens's Golden Age.53
11490383236scholar-gentry classA term used to describe members of China's landowning families, reflecting their wealth from the land and the privilege that they derived as government officials.54
11490383237the "three submissions"In Chinese Confucian thought, the notion that a woman is permanently subordinate to male control: first that of her father, then of her husband, and finally of her son.55
11490383238UntouchablesAn Indian social class that emerged below the Sudras and whose members performed the most unclean and polluting work.56
11490383239AxumClassical-era kingdom of East Africa, in present-day Eritrea and northern Ethiopia; flourished from 100 to 600 C.E. and adopted Christianity.57
11490383240Bantu expansionGradual migration of peoples from their homeland in what is now southern Nigeria and the Cameroons into most of eastern and southern Africa, a process that began around 3000 B.C.E. and continued for several millennia. The agricultural techniques and ironworking technology of these farmers gave them an advantage over the gathering and hunting peoples they encountered.58
11490383241Coptic ChristianityThe Egyptian variety of Christianity, distinctive in its belief that Christ has only a single, divine nature.59
11490383242Silk RoadTrade route stretching from China into Europe.60
11490383243syncretisma blending of beliefs and practices from different religions into one faith61
11490383244monasticismThe lifestyle of a monk or nun, characterized by prayer and solitude62
11490383245Judaismthe monotheistic religion of the Jews having its spiritual and ethical principles embodied chiefly in the Torah63
11490383246TorahA Hebrew word meaning "law," contains the basic laws for Jews, referring to the first five books of the Hebrew Scriptures.64
11490383247Christianitythe religion based on the person and teachings of Jesus of Nazareth, originated as an offshoot from Judaism65
11490383248Ancestor VenerationVeneration of the dead or ancestor reverence is based on the beliefs that the dead have a continued existence, and may possess the ability to influence the fortune of the living, the worship of deceased ancestors66
11490383249Empirea major political unit having a territory of great extent - OR - a number of territories or peoples under a single sovereign authority67

Macro AP Flashcards

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13800091915GDPthe dollar value of all final goods and services produced within a country's borders in a given year0
13800097077GDP per capitaGDP divided by population1
13800100875intermediate goodsgoods used in the production of final goods2
13800113468Not included in GDP- intermediate goods and services - inputs - used goods - financial assets like stocks and bonds - foreign-produced goods and services3
13800125384GDP calculation expenditure approachY= C+I+G+(X-IM) GDP= Private consumption+ Investment+ Government+(Exports-Imports)4
13800135529Nominal GDPGDP not adjusted for inflation5
13800140958real GDPGDP adjusted for inflation6
13800151031unemploymentpeople actively looking for a job7
13800157478unemployment ratethe percentage of the labor force that is unemployed8
13800163747frictional unemploymentunemployment that occurs when people take time to find a job/between jobs9
13800167475structural unemploymentunemployment that occurs when a workers skills are obsolete10
13800183888cyclical unemploymentunemployment that rises during economic downturns and falls when the economy improves11
13800190397natural rate of unemploymentfrictional unemployment + structural unemployment12
13800197034full employment outputthe real GDP created when there is no cyclical unemployment13
13800197035inflationprices rise over time14
13800201010Disinflationprices increase at slower rates15
13800212233people hurt by inflationlenders with fixed interest rates, people with fixed incomes, savers16
13800219925people helped by inflation-borrowers -a business where the price of the product increases faster than the price of resources17
13800224141nominal wagenot adjusted for inflation18
13800228999real wageadjusted for inflation19
13800288413inflation ratepercent change in prices year to year20
13800327626price indicesindex numbers assigned to each year that show how prices have changed relative to a specific base year21
13800407798consumer price indexprice of market basket divided by price in base year, times 10022
138004721893 causes of inflation1. The Government Prints TOO MUCH Money (The Quantity Theory) 2. DEMAND-PULL INFLATION 3. COST-PUSH INFLATION23
13800493597velocity of moneythe average number of times each dollar in the money supply is used to purchase goods and services included in GDP24
13800511116quantity theory of moneyMV=PY25
13800606583aggregate demandall the goods and services (real GDP) that buyers are willing and able to purchase at different price levels26
13800868199Shifters of Aggregate Demandanything that affects C,I,G,Xnet27
13800888615aggregate supplythe amount of goods and services that firms will produce in an economy at different price levels28
13800894232short-run aggregate supply curvewages and resource prices will not increase as price level increases29
13800904536long-run aggregate supply curvewages and resource prices will increase as price level increases30
13800920697Shifters of Aggregate Supply1. Resource Prices or inflationary expectations 2. Actions of the Government (ex: taxes, regulations) 3. Productivity31
13800937305AD/AS at full employment32
13800943164AD/AS with inflationary gap33
13800947193AD/AS with recessionary gap34
13800954442phillips curvea curve that shows the short-run trade-off between inflation and unemployment35
13800963477when aggregate supply shifts...short run phillips curve shifts opposite way36
13800969118when aggregate demand shifts...movement along the short run phillips curve occurs37
13800989524fiscal policyactions by congress to stabilize the economy38
13801012312discretionary fiscal policycongress passes a new bill or law39
13801018945non-discretionary fiscal policyPermanent spending or taxation laws enacted to work counter cyclically to stabilize the economy40
13801027744contractionary fiscal policydecrease government spending or increase taxes41
13801048970expansionary fiscal policyincrease government spending or decrease taxes42
13801055650autonomous consumptionincome used for necessities43
13801064548disposable incomeincome (after taxes) that is available to you for saving or spending44
13801069040dissavingincome is less than autonomous spending45
13801082201the multiplier affectshows how spending is magnified in an economy46
13801093072Marginal Propensity to Consume (MPC)change in consumption divided by change in income47
13801100942Marginal Propensity to Save (MPS)change in savings divided by change in income48
13801117200MPC + MPS =149
13801120809spending multiplier1/MPS50
13801124576Tax MultiplierMPC/MPS51
13801130390crowding out effectwhen government deficit spends, the demand for loanable funds increases, causing interest rates to rise and crowding out other investors, thus decreasing investment.52
13801155768barter systema system of exchange in which goods or services are traded directly for other goods or services without the use of money.53
13801155769commodity moneysomething that performs the function of money and has intrinsic value54
13801172681fiat moneyused as money but has no other value55
138011770243 functions of moneymedium of exchange, unit of account, store of value56
13801181474financial sectorNetwork of institutions that link borrowers and lenders including banks, mutual funds, pension funds, and other financial intermediaries57
13801181475assetsanything tangible or intangible that is owned58
13801189673liabilityanything that is owed59
13801194671loanagreement between a lender and borrower, with an interest rate60
13824791459real interest ratenominal interest rate - inflation rate61
13824794424liquiditythe ease with which an asset can be converted into the economy's medium of exchange62
13824806805m1 moneyCash in Circulation, Money in demand deposits (debit card), Travelers Checks63
13824808531m2 moneyM1 plus savings accounts, money market accounts, and other near monies64
13824810645bondsloans to firms in the form of an IOU that pays interest65
13824814336stocksshares of ownership in a company66
13824816706when interest rates increase, bond prices:decrease67
13824821252when interest rates decrease, bond prices:increase68
13824827864the money marketdemand and supply of money69
13824830227transaction demand for moneymoney held for the purpose of making everyday market purchases70
13824834520asset demand for moneypeople hold money since it is less risky than other assets71
13824840301money market graph72
13824849809demand shifters in money marketchanges in PL, changes in income73
13824873016supply of money marketset by the fed74
13824939344fed actionsreserve requirement, lowering and raising discount rates, buying and selling bonds (open market operations)75
13824935300expansionary monetary policyFederal Reserve system actions to increase the money supply, lower interest rates, and expand real GDP; an easy money policy.76
13989600700contractionary monetary policyFederal Reserve system actions to decrease the money supply, increase interest rates, and lower GDP77
13989673387loanable funds marketthe private sector supply and demand of loans78
13989678465loanable funds demand shifters1. Changes in perceived business opportunities 2. Changes in gov't borrowing 3. Gov't deficit/surplus79
13989682133loanable funds supply shifters1. Changes in private savings behavior 2. Changes in public savings 3. Changes in foreign investment 4. Changes in expected profitability80
13989689385net exportsexports - imports81
13989689386trade surplusexports > imports82
13989695502trade deficitimports > exports83
13989699875balance of paymentssummary of a country's international trade84
13989702559current accountgoods and services, investment income, net transfers85
13989705013financial accountfinancial assets that are recurring86
13989709169foreign direct investmentwhen a foreign company buys a business in another country87
13989714537net capital outflowforeign assets - domestic assets88
13989718985financial account surplusinflow > outflow89
13989724023financial account deficitoutflow > inflow90
13989761268if the current account has a deficit:the financial account must have a surplus91
13989844354if interest rate increasesinflow increases, outflow decreases92
13989847067if interest rate decreasesinflow decreases, outflow increases93
13989858145depreciationloss of value of a country's currency with respect to a foreign currency, net exports increase94
13989862830appreciationincrease of value of a country's currency with respect to a foreign currency, net exports decrease95
13989870027foreign exchange shifterschanges in tastes, relative income, relative price level, and relative interest rates96
13989898015changes in relative incomeIncrease: more imports, demand for other country's money increases Decrease: less imports, demand for other country's money decreases97
13989925988floating exchange ratethe market determines the value of the country's currency98
13989931143fixed exchange rateThe government activity manages the country's currency99

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