NAFTA
North American Free Trade Agreement, an economic treaty between Canada, the United States, and Mexico to lower tariffs and create a free trade environment. NAFTA was ratified by its member nations in 1994.
Subject:
Interdependence
modernization
To change something to make it conform to modern standards
Subject:
middle class
Social and economic class usually composed of merchants, artisans, and business people. In some societies, the richest class, but without a title of nobility. The middle class is usually the backbone of society as they are generally more moderate in their economic, social, and political habits.
Subject:
Middle Ages
Time period in European history between the fall of Rome in 476 C.E. and the beginning of the Italian Renaissance in the early 15th century.
Subject:
Marco Polo
(1254-1324) Italian explorer and author. He made numerous trips to China and returned to Europe to write of his journeys. He is responsible for much of the knowledge exchanged between Europe and China during this time period.
Subject:
Korean Bridge
The term given to process in which cultural diffusion occurred between China and Japan though Korean contact with both civilizations.
Subject:
Islam
The word Islam, which when translated from Arabic, means "to submit to the will of Allah," is the youngest of the world's major religions. Worshippers of this monotheistic religion are known as Muslims, which means "one who submits to the will of Allah." The Islamic holy book is called the Qurﾒan. Islam is currently the second most practiced religion in the world, and experts predict that it will overtake Christianity as the most popular religion in the world sometime during the 21st century.
Subject:
International Monetary Fund
An international organization established to promote monetary cooperation, exchange stability, and economic growth. The IMF also works to lower unemployment and help countries in debt manage their finances.
Subject:
interdependence
Mutual assistance or reliance between two or more parties.
Subject:
inflation
The raising of prices on consumer goods due to an increase in the money supply.
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