European Imperialism - WC Unit 4 Vocab

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Mercantilism

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An economic system focused on resource accumulation and trade monopolies with imperialist colonies.

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Imperialism

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Creating an empire by acquiring new territory by direct or indirect means.

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Industrial Revolution

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A rapid, major change in the economy due to major technological advances.

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Ethnocentric

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A feeling that one's own group is superior to others.

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Innovation

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A new idea or method.

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Capitalism

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An economic system with private or corporate ownership and goods distributed mainly by competition in a free market.

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Racism

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A belief that race fundamentally determines human traits and capacities, defining the superiority of a particular race.

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Slavery

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When a person is owned by another.

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Geopolitics

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The study of how geography, economics, and demography influence a nation's politics and foreign policy.

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Nationalism

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Exalting one nation above all others and promoting its culture and interests.