Historical Legacies of Globalization
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Questions and Answers

Who tries to take over the world?

  • Thanos (correct)
  • The Joker (correct)
  • Darth Vader (correct)
  • The Minions (correct)

What is the name of the economic system that promotes private ownership of business and free markets?

Capitalism

What is the belief that specifically the European way of doing and being are greater than others?

Eurocentrism

What was the primary goal of mercantilism for European countries in the 1500-1700s?

<p>To accumulate gold and silver (A)</p> Signup and view all the answers

How did European countries view wealth under the mercantilist system?

<p>As a zero-sum situation where one country's gain was another's loss (C)</p> Signup and view all the answers

Which of the following best describes the role of colonies in the mercantilist system?

<p>They provided raw materials and served as markets for manufactured goods (B)</p> Signup and view all the answers

How does the video's explanation of trade differ from the mercantilist view?

<p>It suggests trade can be positive-sum, benefiting both parties (B)</p> Signup and view all the answers

What is the illusion of a single, well-promoted story being the only story?

<p>Grand Narrative</p> Signup and view all the answers

What is a policy of extending a country's power or influence through diplomacy or military force?

<p>Imperialism</p> Signup and view all the answers

What is the belief that a person's culture and way of being are better than another's?

<p>Egocentrism</p> Signup and view all the answers

Flashcards

Eurocentrism

A perspective that emphasizes the European way of life and considers it superior to others.

Egocentrism

The belief that one's own culture and way of being are superior to others.

Imperialism

A policy of extending a country's power and influence through diplomacy or military force.

Hegemony

Leadership or dominance, especially by one country or social group.

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Industrial Revolution

A period of significant advancements in technology (like the steam engine and factories) that began around 1750 in Great Britain.

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Urbanization

The process of people moving from rural areas to cities, often driven by job opportunities during the Industrial Revolution.

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Middle Class

A social class that emerged during the Industrial Revolution, consisting of people who were neither wealthy landowners nor working-class laborers.

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Capitalism

An economic system that promotes private ownership of businesses and free markets, with minimal government intervention.

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Invisible Hand

The idea that the market, through supply and demand, will regulate itself without the need for government intervention.

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Mercantilism

The economic system that emphasized national wealth through the accumulation of gold and silver, often through colonization and trade.

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Columbian Exchange

The massive exchange of goods, plants, animals, and diseases between Europe, the Americas, and Africa, starting with European exploration in the late 15th century.

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Grand Narrative

The idea that there's only one dominant narrative or story, often presented as the truth, while other perspectives are ignored.

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Local Narrative

The belief that the history and narratives of a place or group of people are centered around the experiences and perspectives of that place or group.

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Study Notes

Historical Legacies of Globalization

  • Globalization is a complex term with various historical interpretations
  • Early forms of globalization existed before 1492, involving trade and interaction between nations. However, 1492 is often considered a pivotal point in the expansion of large-scale global trade.
  • Columbus's voyages marked a significant turning point, initiating wider European exploration and trade with the Americas
  • Colonization had both positive and negative impacts. One perspective views colonization as a catalyst for increased global trade and wealth for European nations but simultaneously leading to the exploitation and subjugation of indigenous populations. Another perspective argues colonization also expanded exposure to European ways of life.
  • Different perspectives on the role of European nations and the effect on indigenous populations highlight the complexities of interpreting history.
  • The image of "good vs evil" in historical events and figures is an oversimplified perspective. History is more nuanced.
  • The concept of the "grand narrative" is explored as a misleading simplification of historical events. Not all narratives are equal or equally important.
  • Terms:
    • Egocentrism: the belief one's culture is superior to others
    • Eurocentrism: specifically the belief that European ways are superior
    • Imperialism: expanding power through diplomacy or military force
    • Hegemony: leadership or dominance, often by one country

The Beginning of Globalization

  • 1492 marked a significant step in the establishment of large-scale global trade. Before this, there was interaction between nations, but the scale was not as large.
  • Christopher Columbus's voyages were a crucial part of this transformation of trade.
  • European voyages were not the only form of exploration of new lands.

The Grand Exchange

  • Increased exploration led to the exchange of goods between nations worldwide.
  • The demand for goods unavailable in Europe increased dramatically during this time.

Trade Map

  • Goods, resources and even disease were exchanged between different continents.
  • The map visually represents parts of the world involved in the Columbian Exchange.

Mercantilism

  • A historical economic system that benefited colonizers, particularly the monarchy.
  • Involved trade relationships between a colonizing power and its colonies with strict trade restrictions to control the colonies' economies.

Industrial Revolution

  • Technological advancements like the steam engine greatly influenced mass transportation and production.
  • The rise of the factory system with mass production techniques like the assembly line and division of labor was a significant development.
  • The period also led to urbanization: a movement of people from rural areas to cities.

Urbanization and Emerging Class

  • Industrialization brought massive social changes.
  • Wealth became increasingly tied to industrial economic opportunities
  • Prior to this, wealth was primarily tied to land ownership or social standing.

Middle Class

  • A new social class emerged that desired less government intervention in favor of maximizing profits.
  • This led to issues such as unsafe working conditions, unfair treatment of laborers, and environmental damage.

Capitalism

  • An economic system emphasizing private business ownership and free markets.
  • Often advocates for limited government intervention.
  • Driven by profit
  • Regulation relies on supply and demand.

Production Possibilities

  • A visual representation of trade offs between different goods or services.
  • The diagram demonstrates the constraints of resource allocation.

Adam Smith

  • Considered the founding father of modern capitalism
  • Author of "Wealth of Nations"
  • Argued for limited government intervention in the economy.
  • The invisible hand of the market would govern the economy.

Connecting Unit 1 and Chapter 5

  • The unit and chapter connect through the context of historical globalization and its impact, particularly illustrated by the Hawai'i logistics problem.

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Description

Explore the complex historical interpretations of globalization and its impacts. Examine how early trade and Columbus's voyages shaped global interactions and the dual legacy of colonization. This quiz highlights the contrasting perspectives on the effects of European expansion on indigenous populations and the broader implications for trade and culture.

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