Proprietorship- a buiseness that is owned by only one person
Corporation- an aggregate of people that acts as a single unit, with a single voice.
ie. The Romans
Aggregate- a mass of seperate things/people joined together/associated
Equity- the amount of mony left over after a buiseness pays all that it owes
Laissez-Faire Economics- The economic philosophy which states that government should not intervene with buiseness in a market economy
Boom and Bust Cycle- the buiseness cycle in a market economy which relates to to periods of economic recession or depression
Consumerism- economic policies or practices that place an emphasis on consumption
Sunday, October 14, 2007
Labour and Management of Economy
Collective Bargaining- a procedure used in labour relations that involves employers bargaining with an employee representative, usually from a labour union, about working conditions or other concerns.
Binding Arbitration- a process under collective bargaining where a third party has to resolve a dispute and impose a decision on both arguing parties.
Closed Shops- Buisenesses that hire only union members. Once hired by a closed shop a person is expected to join the union.
Suffragette Group- A group of women who lobbied for the right to vote.
Humanitarianism- A beief that humans are oblidged wholy to the welfare of the human race.
Blue Collar Workers- People who work at manuel/industrial labour.
White Collar Workers- Occupations held by clerks, proffessionals, or buiseness people.
Mediation- To act as a go-between for two or more opposing parties.
Binding Arbitration- a process under collective bargaining where a third party has to resolve a dispute and impose a decision on both arguing parties.
Closed Shops- Buisenesses that hire only union members. Once hired by a closed shop a person is expected to join the union.
Suffragette Group- A group of women who lobbied for the right to vote.
Humanitarianism- A beief that humans are oblidged wholy to the welfare of the human race.
Blue Collar Workers- People who work at manuel/industrial labour.
White Collar Workers- Occupations held by clerks, proffessionals, or buiseness people.
Mediation- To act as a go-between for two or more opposing parties.
Monday, October 1, 2007
American Market Economy
Goods- Things that people want to buy.
Capital- The money needed to purchase goods.
Scarcity- The fact that there is a limited supplyof resources (money/goods)
-Drives every economy in history
Market Economy- An economic system based on internal free trade.
Command Economy- An economic system in which the government controls most of the decision making.
Mixed Economy- An economic system with a mixture of governmental and private control.
ie. Canada
Alienation- An emotional state experienced by people (workers) who feel seperated from the world in which they live and work.
Law of supply and Demand- An Unwritten law that drives economies. Demand decreases as prices rise. The point on a graph where supply and demand intersect creates the ideal market price for an item. (drives economy)
Equilibrium- Occurs in a competitive market when all market prices are determined by the intersection of supply and demand. (creates balance)
Monolopy- A market that is dominated by a single seller.
ie. microsoft, rockefeller
Antitrust Laws- Laws that the American government uses to break up any large buiseness group that may be acting as a monopoly to supress competition.
Capital- The money needed to purchase goods.
Scarcity- The fact that there is a limited supplyof resources (money/goods)
-Drives every economy in history
Market Economy- An economic system based on internal free trade.
Command Economy- An economic system in which the government controls most of the decision making.
Mixed Economy- An economic system with a mixture of governmental and private control.
ie. Canada
Alienation- An emotional state experienced by people (workers) who feel seperated from the world in which they live and work.
Law of supply and Demand- An Unwritten law that drives economies. Demand decreases as prices rise. The point on a graph where supply and demand intersect creates the ideal market price for an item. (drives economy)
Equilibrium- Occurs in a competitive market when all market prices are determined by the intersection of supply and demand. (creates balance)
Monolopy- A market that is dominated by a single seller.
ie. microsoft, rockefeller
Antitrust Laws- Laws that the American government uses to break up any large buiseness group that may be acting as a monopoly to supress competition.
Important people to know for American Market Economy notes.
Karl Marix(German)- Created the begginings of the command economy in which society decides what is good for the people and makes decisions for them.
Adam Smith(Scottish)- Introduced the idea of a free market economy which was driven by peoples' own self interest. This was the system adopted by the USA.
Adam Smith(Scottish)- Introduced the idea of a free market economy which was driven by peoples' own self interest. This was the system adopted by the USA.
Thursday, September 27, 2007
Other social points.
Region- Area of land that has a common terrain, temperature, amount of percipitation, type of vegetation, and abundance of natural resources.
Terrain- Size and natural features of a piece of land.
6 geopraphical Factors of Industrialization-
1- Terrain
2- Temperature
3- Precipitation
4- Vegetation
5- Abundance of natural resources
6- Proximity to Coastlines
Primary Industries- The extraction of natural resources from the environment.
Secondary Industries- Manufacturing resources into finished usable goods.
Tertiary Industries- Sales and service Industry.
The Vikings were the first people to land in the Americas.
Chartered Companies- Companies that have a written agreement with the government of their country that provides the company with the special rights and priveledges.
Quakers- Didn't want colonization of Britain.
Mercantilism- System of political economy that involves having more exports tan imports. This system promotes colonization.
Boston Tea Party- Got blamed on the Natives
The American Revolution involved the Mahawk Natives.
Cottage Industries- Small enterprises located in a persons home or office rather than a factory.
Frontier- The farthest part of a settled country where the wilds begin.
Reservations- Tracts of land that are set apart, usually by treaty, for use by native people who are qualified by law to live there.
Annexation- When land is taken and declared to be part of a greater land mass, often without the original owners permission.
The Louisiana purchase was in 1804 it cost about 15 million dollars to buy.
Manifest Destiny- The belief that Americans were destined by god to expand it's territories from the Atlantic to the Pacific. This was often used to justfy American encroachment upon Native ad Mexican territories.
Alamo- 187 people killed 1000 trained Mexican soldiers.
The California Gold Rush- was in SanFrancisco, in 1849.
3 changes of the Industrial revolution were:
-Trade
-Agriculture
-Transportation
Abraham Lincoln Outlawed Slavery this was also known as the emancipation proclamation
The emancipation proclamation made the southerners angry because slaves were mandatory for them and their buiseness'. This caused war.
Terrain- Size and natural features of a piece of land.
6 geopraphical Factors of Industrialization-
1- Terrain
2- Temperature
3- Precipitation
4- Vegetation
5- Abundance of natural resources
6- Proximity to Coastlines
Primary Industries- The extraction of natural resources from the environment.
Secondary Industries- Manufacturing resources into finished usable goods.
Tertiary Industries- Sales and service Industry.
The Vikings were the first people to land in the Americas.
Chartered Companies- Companies that have a written agreement with the government of their country that provides the company with the special rights and priveledges.
Quakers- Didn't want colonization of Britain.
Mercantilism- System of political economy that involves having more exports tan imports. This system promotes colonization.
Boston Tea Party- Got blamed on the Natives
The American Revolution involved the Mahawk Natives.
Cottage Industries- Small enterprises located in a persons home or office rather than a factory.
Frontier- The farthest part of a settled country where the wilds begin.
Reservations- Tracts of land that are set apart, usually by treaty, for use by native people who are qualified by law to live there.
Annexation- When land is taken and declared to be part of a greater land mass, often without the original owners permission.
The Louisiana purchase was in 1804 it cost about 15 million dollars to buy.
Manifest Destiny- The belief that Americans were destined by god to expand it's territories from the Atlantic to the Pacific. This was often used to justfy American encroachment upon Native ad Mexican territories.
Alamo- 187 people killed 1000 trained Mexican soldiers.
The California Gold Rush- was in SanFrancisco, in 1849.
3 changes of the Industrial revolution were:
-Trade
-Agriculture
-Transportation
Abraham Lincoln Outlawed Slavery this was also known as the emancipation proclamation
The emancipation proclamation made the southerners angry because slaves were mandatory for them and their buiseness'. This caused war.
The Fall of The British Empire!
The fall of The British Empire was caused by barbaric warriors in the North Americas.
These warriors were called Zulu's. The Zulu's were very good tacticians and knew how to fight VERY well. They drank a herbal liquid that slowed their metabolism down so that they did not bleed as much if they were hit by a gun or weapon of any type.
They fought against the British for no reason (hence they were barbaric) but to kill them.
These warriors were called Zulu's. The Zulu's were very good tacticians and knew how to fight VERY well. They drank a herbal liquid that slowed their metabolism down so that they did not bleed as much if they were hit by a gun or weapon of any type.
They fought against the British for no reason (hence they were barbaric) but to kill them.
Important people during the Industrial Revolution.
Jethro Tull- invented the Seed Drill.
James Watt- invented the 2 chamber steam powered engine.
His engine is the basis of modern car engines, this engine caused the change in transportation and helped create the steam train. The steam train helped America expand. and helped the army get the the battles faster.
James Hargreaves- Invented the spinning Jenny.
The spinning Jenny is a spinning wheel with 6 spools instead of 1 spool.
Eli Whitney- Invented cotton Gin
He also invested all of his money to mass produce interchangable parts for guns. (eventually he mass produced for cannons, etc...)
He was the first entrepeneur.
Elias Howe- Invented the Sowing Machine.
James Watt- invented the 2 chamber steam powered engine.
His engine is the basis of modern car engines, this engine caused the change in transportation and helped create the steam train. The steam train helped America expand. and helped the army get the the battles faster.
James Hargreaves- Invented the spinning Jenny.
The spinning Jenny is a spinning wheel with 6 spools instead of 1 spool.
Eli Whitney- Invented cotton Gin
He also invested all of his money to mass produce interchangable parts for guns. (eventually he mass produced for cannons, etc...)
He was the first entrepeneur.
Elias Howe- Invented the Sowing Machine.
Subscribe to:
Posts (Atom)