Key Terms Flashcards

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Subsidy

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A financial assistance granted by the government to support or promote economic sectors.

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Reservation

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Public land set aside for Native American tribes.

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Treaty

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A formal agreement between parties or countries.

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Assimilation

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The process of taking in and fully understanding information or ideas, often used in the context of cultural assimilation.

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Massacre

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The brutal and indiscriminate slaughter of many people.

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Capitalism

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An economic system characterized by private or corporate ownership of capital goods and the means of production.

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Consolidate

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To merge smaller companies to make bigger ones.

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Laissez-faire

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An economic philosophy is one in which the government does not intervene with businesses to promote rapid growth.

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Monopoly

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The exclusive possession or control of the supply or trade in a commodity or service.

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Investment

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The action or process of investing money for profit or material result.