Unit 1 Gilded Age/Foundations of Government/Intro to Geo/Intro to Eco

the cost or benefit that affects a party who did not choose to incur that cost or benefit.

Americans provided raw goods to Britain, and Britain sold finished product back to U.S.

any more or less permanent movement of ocean water that flows in one of the Earth's oceans.

these lines measure north-south position between the poles.

a Greek philosopher and scientist who joined Plato’s Academy in Athens.

forces generated from within the earth that result in movement of the Earth's crust.

a type of economy where products, prices, and services are determined by the market.

any crop that is considered easily marketable, as wheat or cotton.

a policy of letting things take its own course, without govt. interference in the free market.

aftermath of a bombing that took place at a labor demonstration in Haymarket Square in 1886.

Wrote The Wealth of Nations, was the Father of Classical Economics.

the weather conditions prevailing in an area in general or over a long period.

the authority under the constitution to hear cases and interpret laws.

the people who make up the workforce of an organization, business sector, or economy.

a nation or territory considered as an organized political community under one government.

A national federation of labor unions in the United States.

a co-founder of the Standard Oil Company, which dominated the oil industry.

a group responsible for the monitoring of transportation of goods and people between states.

a nationwide railroad strike that pitted the American Railway Union (ARU) against Pullman Co.

all the plants or plant life of a place, taken as a whole.

the system of communication used by a particular community or country.

goods required in order for us to stay alive such as food, clothing, shelter, and health care.

suppliers with the purpose of maintaining prices at a high level and restricting competition

a system of political organization in which most power resides in a centralized government.

when a company assumes control over several production or distribution steps.

a country, state, or society governed byone person with absolute power.

The height of a land surface above the level of the sea (sea level).

an economic system in which prices are determined by competition between businesses.

all stores and housing are owned by the one company that is the main employer.

an agreement or a settlement of a dispute that is reached by each side making concessions.

the doctrine that kings derive their authority from God.

What to produce? How to produce? For whom to produce? These are all ...

Businesses that can operate competitively for profit with little government regulation.

founding member of Industrial Workers of the World; socialist candidate for president.

the authority of a state to govern itself oranother state.

name given to the method of producing goods in large quantities at low cost per unit.

a government in which a president leads an executive branch.

a process of negotiation between employees and a group of employers aimed at agreements.

these are simply areas of high and low pressure in which the winds are a response

the policy or practice of acquiring full or partial political control over another country

a small group of people having control of a country, organization, or institution.

a form of government where states recognize the power of a central government.

industrial lockout and strike between strikers and private security at Homestead Steel Works.

The state of being in short supply; shortage.

a supreme ruler, especially a monarch.

the principle that the greater number should exercise greater power.

a model of the economy in which the major exchanges are represented as flows of money.

a graph or economic model that shows the maximum combinations of goods and services.

refers to a benefit that a person could have received, but gave up for something else.

this person founded the American Federation of Labor (AFL).

A subarea of economics that analyzes the behavior of the economy as a whole.

A powerful industrialist in the Gilded Age. His companies manufactured steel.

The natural world, as a whole or in a particular geographical area.

A tax imposed on imports to raise their price, making them less attractive to consumers.

the authority under the constitution to make laws and to alter or repeal them.

a person who legally belongs to a country and has the rights and protection of that country.

Enabled faster mass production of a stronger steel product.

when a group of people or states form an alliance allowing each member to govern itself.

The business of buying and selling commodities, products, or services; commerce.

Every river is part of a larger system—a watershed.

the resource that encompasses the natural resources used in production.

exclusive control of a commodity or service in a particular market, keeps prices high.

A government license which gives individuals and companies exclusive rights over inventions.

Things which occur on our earth by themselves where man has no role.

an economy in which there is a blend of economic systems.

control of a state or country by the majority of its members. Every member has one vote.

desires that can be satisfied by consuming a good, service or leisure activity.

has the right to enter into contracts, loan and borrow money, sue and be sued, hire employees

a strategy where a company buys out its competitors and makes similar units for its own company

involves a sacrifice that must be made to get a certain product or experience.

the branch of geography dealing with how human activity is influenced by the earth's surface.

the authority under the constitution to enforce the laws of the United States.

wealth in the form of money or other assets owned by a person or organization.

prohibits certain business activities that federal gov. regulators deem to be anti -competitive

the part of economics concerned with individual units/decisions from a consumer

The plants and animals in soil die and decay, resulting in humus.

A factor in the environment that influences the growth and development of organisms.

a country governed by a ruler who wieldsabsolute authority.

an economy in which production, prices, and incomes are determined centrally by a government.

Moisture that falls to the Earth as rain, sleet, hail, or snow.

Condition of the atmosphere in one place during a short period of time.

The movement of weathered rock and material by wind, glaciers, and moving water.

invented the phonograph, motion picture camera, and light bulb

an area of land that has common features.

where the executive branch derives legitimacy from legislature (parliament).

the principle that sovereignty should be divided between the federal government and the states.

a particular system of faith and worship.

A person who organizes and operates a business or businesses, taking on greater financial risk.

workers here may work long hours with low pay, regardless of laws mandating overtime pay.

major industries are owned and controlled by the government rather than by individual people.

a geographic area containing numerous geologically related mountains.

work, especially hard physical work. One of the four factors of production.

the right and acceptance of an authority,usually a governing law or a regime; lawfulness.

head of the Knights of Labor.

a system of laws concerning a given topic promoted by a governmental or its representatives.

a unit of territory defined by boundaries set by political authority.

corporations that combine for the purpose of reducing competition and controlling prices.

A bridge in which the weight of the deck is supported by vertical cables.

a region that observes a uniform standard time for legal, commercial, and social purposes.

a product that one individual can consume without reducing its availability to another person.

supreme authority of a state or nation, taken as representing the whole.

the social order is accounted as the product of natural selection of those persons.

Factors that can influence temperature in any given area.

major industries are owned and controlled by the government.