Glossary of Isms

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Unformatted text preview: 
often
delegate
only
a
few
powers
to
the
central
 authority.

Member
states
usually
retain
the
right
to
withdraw
from
the
union.
 (Compare
to
Federation)
 Political
ideology
that
favors
and
attempts
to
preserve
religious,
social,
political,
 and
economic
traditions
and
structures.
 The
reversal
of
Europe’s
overseas
expansion
caused
by
the
rising
demand
of
 colonized
Asian,
African,
and
Middle
Eastern
peoples
for
national
self‐ determination,
racial
equality,
ad
personal
dignity.

After
WWII,
most
European
 powers
were
willing
to
let
go
of
their
colonies
and
focus
on
rebuilding
their
own
 countries,
though
they
still
wanted
to
maintain
some
ties
with
the
colonies.

While
 most
countries
gained
their
independence
by
negotiated
settlement
with
gradual
 political
reforms,
some,
such
as
Mozambique,
Algeria,
and
Vietnam,
had
to
engage
 in
prolonged
military
conflict
to
gain
independence.
 
 A
general
decline
in
prices,
often
caused
by
a
reduction
in
the
supply
of
money
or
 credit.

Deflation
can
be
caused
also
by
a
decrease
in
government,
personal
or
 investment
spending.
The
opposite
of
inflation,
deflation
has
the
side
effect
of
 increased
unemployment
since
there
is
a
lower
level
of
demand
in
the
economy,
 which
can
lead
to
an
economic
depression.
Central
banks
attempt
to
stop
severe
 deflation,
along
with
severe
inflation,
in
an
attempt
to
keep
the
excessive
drop
in
 prices...
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This note was uploaded on 08/06/2011 for the course SSC 305 taught by Professor Null during the Fall '11 term at GWU.

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