1. balance of trade

The balance of trade is important to consider when importing an exporting goods from a country.

difference between how much a country imports and how much it exports

[image]

2. Boer War

The Boer War took place in South Africa from 1899-1902.

(1899-1902) a war in South Africa in which the British army successfully fought against two Boer republics called the Transvaal and the Orange Free State, and made them part of the British Empire

[image]

3. concession

A concession allows someone or a group of people a certain right. 

a special right that a particular person or group of people is allowed to have, for example by the government or an employer, or the act of giving or allowing something as a right

[image]

4. deforestation

Deforestation results in an empty lot of land which is commonly used to build towns.

the cutting or burning down of all the trees in an area

[image]

5. elite

The elite influence many people since they have more knowledge of information.

a group of people who have a lot of power and influence because they have money, knowledge, or special skills

[image]

6. extraterritoriality

A right of foreigners who are protected by laws of their own nation is known as the extraterritoriality.

right of foreigners to be protected by the laws of their own nation

[image]

7. Genocide

The genocide it a cruel act of killing a whole group or race of people.

the deliberate murder of a whole group or race of people

[image]

8. Imperialism

Imperialism period occured after the Revolutions when one country dominated political and economic life. 

Domination by one country of the political and economic life of another country

[image]

9. indemnity

Indemity promises people the protection from damage or lose. 

protection against loss or damage, especially in the form of a promise to pay for any losses or damage

[image]

10. Menelik II

Menelik II was a ruler who modernized Ethiopia.

In the late 1800s, a reforming ruler who began to modernize Ethiopia

[image]

11. Open Door Policy

The Open Door Policy was created in the late 1900s.

the principle of allowing people and goods to move into a country freely

[image]

12. paternalistic

The leaders of society are paternalistic when they protect th epeople, but take away their freedom. 

when people in charge of an organization or society protect the members and give them what they need but do not allow them any freedom or responsibility

[image]

13. Protectorate

During Imperialism, local leaders stayed, but Europeans controled many aspects leading to Protectorate. 

Where the local rulers stayed in place but European advisors controlled trade and sent missionaries

[image]

14. Sphere of influence

A person who claimed they had the power to trade even though they were an outside force, is known as the sphere of trade. 

Where an outside power claimed all rights to make investments or conduct trade 

[image]

15. trade surplus

Trade Surplus dependes on the pirces of goods, and the values ther are ranked at between two other places.

the amount by which the value of the goods that a country sells to other countries is more than the value of the goods it buys from them

 [image]

16. viceroy

A person who is known for being sent by a king or queen to rule another country is a viceroy.

a man who was sent by a king or queen in the past to rule another country 

[image]