1. Mercantilism Economic Systems Traditional economy Command Economy
Capitalism
Mercantilism

2. Capitalism Also known as a “free market” system Economic system
Key Ideas:
Adam Smith
Lassiez-Faire
Supply & Demand
Competition
(low prices/better goods)
Also known as a
“free market” system
Private business own the means of
production and distribution of goods
Economic system
based on the private ownership
Capitalism

3. wealth by exporting more goods than it imports
Mercantilism
Examples from history:
England – India
England – South Africa
Spain - Mexico
Colonies are instrumental in this policy as they supply their parent nations with raw materials that are used to produce finished goods, and then exported back to the colonies
A nation that builds
wealth by exporting more goods than it imports

4. Trading a handmade pottery Economy based on agriculture or
Traditional economy
Example:
Trading a handmade pottery
for corn & wheat.
This is for economies
without factories…
Economy based on agriculture or
“handmade” goods
ONLY
things made by
HAND

5. Command Economy Used in Communism Examples: Highly dependent on
Soviet Union
Cuba
North Korea
Used in Communism
Highly dependent on
Manufactured goods (factory)
Economic system controlled by strong dictator, centralized government

6. Affects of Islands Affects of Deserts
Geography &
the Environment
Affect of Mountains
Affects of Rivers

7. Ancient Greece (Athens/Sparta)
Mountains
Examples of Nations:
Ancient Greece (Athens/Sparta)
China/India
Isolated nations

8. Gives civilizations life!
Rivers
Examples:
Mesopotamia
Nile
Yellow River (China)
Indus Valley (India)
Uses:
Trade
Cultural Diffusion
Food
Early River Valley
Civilizations
Gives civilizations life!

9. Good soil becomes a desert
Deserts
Desertification:
Good soil becomes a desert
Largest desert is
the Sahara
(North Africa)
Barrier to
Cultural Diffusion
And Trade

10. A group or chain of islands
Examples:
England
Japan
Australia
Archipelago
A group or chain of islands
Protects
and Isolates
Nations

11. Human Rights Violations Justice, freedom, and equality
Justice & Human Rights
Human Rights Violations
Laws
Justice, freedom, and equality

12. Human Rights Violations
Genocide (Hitler / Jews)
Apartheid (S. Africa)
Caste System (India / Hinduism)
Human Rights Violations
Key Words:
Discrimination
Genocide (ethnic cleansing)
Holocaust
Anti-Semitism

13. Justice, freedom, and equality Document—giving equality all
International Court of Justice
(Nuremburg Trials)
Punished those Nazi’s
Who killed Jews.
Justice, freedom, and equality
Example:
Universal Declaration of Human Rights
French Revolution
Document—giving equality all

14. Oldest written system of laws
Law of the Twelve Tables:
Strict Roman laws
Justinian’s Code:
A law code created
by the Byzantine
Emperor Justinian
Hammurabi’s Code :
Oldest written system of laws

15. Industrial Revolution Scientific Revolution
Science & Technology
Industrial Revolution
Inventions
Golden Ages
Scientific Revolution

16. Golden Ages Peace Prosperity Progress New ideas: Art Architecture Math
Example:
Ancient Egypt (created Pyramids)
Islam (creation of algebra)
Renaissance (new knowledge)
Golden Ages
A time of:
Peace
Prosperity
Progress
New ideas:
Art
Architecture
Math
Science

17. Scientific Revolution
Changed the way
Human understood
nature, lead to many new inventions.
Key Words:
Scientific Method
Heli0centric
Isaac Newton
“Reason”
Scientists questioned church beliefs about how the universe worked
(1500’)

18. Allowed for many more books = cheap
Inventions
Printing Press
Johannes Gutenberg
Germany
Allowed for many more books = cheap
(more information)
Telescope
Isaac Newton
Proved “Heliocentric Theory” true
Lead to new inventions = microscope

19. Industrial Revolution
Invention of Factories
Manchester, England
Rural to Urban
Urbanization
Mass Production
Cheaper Products
Led to:
Need for more resources
Imperialism
Child Labor
Unions