Test 1 Notes
What Shaped the World we live in?
Colonization: how Europe Screwed everyone over
Modernity: of a certain era, a period, used by historians, project for
Globalization: process of connecting people and places across
Test 1 Study guide
Modernity: Europe, the Enlightenment and Modernity
Central concepts of the Enlightenment
o Critical rationality: a particular way of thinking by using reason to process
ideas rather than taking for granted what the church sa
STUDY GUIDE FOR FINAL EXAM
The Invisible Hand
o The market will organize itself by an invisible hand. A metaphor used by Adam
Smith to describe the self-regulating behavior of the marketplace.
o Markets regulate themselves by supply