Key Terms

Intervention: The act of becoming involved in a situation to alter the outcome or to help resolve a conflict.

Monopoly: A market structure where a single seller controls the entire supply of a product or service, limiting competition. 

Tariff: A tax imposed by a government on imported goods, making them more expensive compared to domestic products.

Exploitation: The act of taking unfair advantage of a situation or person, often for economic gain.

Colonialism: The practice of acquiring and maintaining control over foreign territories and peoples, often involving settlement and exploitation.

Diplomacy: The management of relationships between countries, often involving negotiation and dialogue to resolve conflicts.

Embargo: A government order that restricts trade with a specific country or the exchange of specific goods, often for political reasons.

Agriculture: The science and practice of farming, including the cultivation of plants and the rearing of animals for food, fiber, and other products.

Dependency: A state of reliance on another entity, often seen in economic contexts where one country relies heavily on another for resources or support.

Negotiation: The process of discussing and reaching an agreement between two or more parties, often involving compromise and strategizing.

Coup: A sudden and illegal takeover of a government, usually carried out by a small group of people such as military leaders or political insiders. This is done usually without the consent of the public.

Lesson Activities