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Capitalism

Chapter 2 Economics Summary

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AP Economics Chapter 2 Review/Summary Economics deals with choices. In this chapter we have examined more carefully the range of choices in production that must be made in any economy. In particular, we looked at choices involving the allocation of an economy?s factors of production: labor, capital, and natural resources. In addition, in any economy, the level of technology plays a key role in determining how productive the factors of production will be. In a market economy, entrepreneurs organize factors of production and act to introduce technological change.

Brinkley Questions Chapter 10

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Brinkley Chapter 10 Guiding Questions 1. What were the reasons for and the effect of the rapid increase in population between 1820 and 1840? 2. Where did this increased population settle? What population shifts took place between 1820 and 1840? 3. Why was the rise of New York City so phenomenal? 4. What major immigrant groups came to the United States during this period? What impact did they have on the character and distribution of the population in the North? 5. What impact did this immigration have on the political system? Which party was the most successful in attracting immigrant voters? 6. What gave rise to the nativist movement? What were its political goals? 7. Why were natural means of carrying commerce (lakes and rivers) unsatisfactory to most Americans?

capitalism

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Capitalism- An economic system Caravel- A small Spanish sailing vessel Confederacy- A combination of people for unlawful purposes Conquistador- one of the Spanish conquerors Demographic- social statistic of a human population, as the number of births or deaths Ecosystem- Interaction of people in a community Encomienda- the land or village and its inhabitants Inflation ? Rise in general level of prices Matrilineal- inheriting through the female line Mestizo- a person of racially mixed ancestry Middleman- a person who plays an economic role Nation-State- a group of people who feel they share a common nationality Plantation- a large farm or estate Province- parts of a country outside of the capital Columbus- Italian navigator in Spanish service Pizarro- Spanish conqueror of Peru

John Maynard Keynes

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Tuesday, December 11, 2012 John Maynard Keynes from (http://www.investopedia.com/articles/economics/09/john-maynard-keynes-keynesian.asp#axzz2EmRQY6hg) second wealthiest economist in history believed free market capitalism was unstable ideas were summed up in the book he wrote that came out in 1936, where he explained his ?General Theory? gave governments a central role in economics Keynes made government see that they could become the main driver in the economy Was against classical economic virtues Keynes believed that private investment, balanced government budgets and low taxes were more significant than saving, private investment, balanced government budgets and low taxes

The Earth and Its Peoples - Chapter 23

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CHAPTER 23 The Early Industrial Revolution, 1760?1851 I?? seq NLA \r 0 \h . Causes of the Industrial Revolution A?? seq NL1 \r 0 \h . Population Growth 1?? seq NL_a \r 0 \h . In the eighteenth century more reliable food supplies, earlier marriage, high birthrates, and more widespread resistance to disease contributed to significant population growth in Europe. England and Wales experienced particularly rapid population growth. 2?? seq NL_a \r 0 \h . Rapid population growth meant that children accounted for a relatively high proportion of the total population. Population growth also contributed to migration of people from the countryside to the cities, from Ireland to England, and from Europe to the Americas. B?? seq NL1 \r 0 \h . The Agricultural Revolution
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