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Full list of words from this list:

words only definitions & notes
  1. sector
    a group that forms part of society or the economy
    The U.S. emerged from World War II with the world’s largest industrial economy, financial sector, and military capacity. (6.6.A)
  2. capacity
    capability to perform or produce
    The U.S. emerged from World War II with the world’s largest industrial economy, financial sector, and military capacity. (6.6.A)
  3. collective
    done by or characteristic of individuals acting together
    Post–World War II, the U.S. was more internationally engaged than it had been after the first world war, actively promoting free trade between states and collective security within a capitalist global economy. (6.6.A)
  4. liberalization
    the act of making less strict
    At the Bretton Woods Conference, the U.S. and Britain supported the liberalization of trade, currency stabilization based on the U.S. dollar, and easier credit for postwar rebuilding and economic development. (6.6.A)
  5. currency
    the metal or paper medium of exchange that is presently used
    At the Bretton Woods Conference, the U.S. and Britain supported the liberalization of trade, currency stabilization based on the U.S. dollar, and easier credit for postwar rebuilding and economic development. (6.6.A)
  6. stabilization
    the act of keeping something from fluctuating
    At the Bretton Woods Conference, the U.S. and Britain supported the liberalization of trade, currency stabilization based on the U.S. dollar, and easier credit for postwar rebuilding and economic development. (6.6.A)
  7. monetary
    relating to or involving money
    Organizations such as the International Monetary Fund (IMF) and the World Bank and the General Agreement on Tariffs and Trade (GATT) were established as a result of the conference. (6.6.A)
  8. tariff
    a government tax on imports or exports
    Organizations such as the International Monetary Fund (IMF) and the World Bank and the General Agreement on Tariffs and Trade (GATT) were established as a result of the conference. (6.6.A)
  9. accede
    agree or express agreement
    In 1995, the World Trade Organization (WTO) replaced GATT and both former and current communist nations acceded into its membership. (6.6.A)
  10. exponentially
    in a manner of rapid growth
    Over the next few decades, Chinese manufacturing and shipping grew exponentially. (6.6.B)
  11. transmission
    communication by means of sent signals
    These technologies dramatically improved the speed and scope of information transmission, radically changing the nature of commerce and cultural diffusion. (6.6.C)
  12. radical
    far beyond the norm
    These technologies dramatically improved the speed and scope of information transmission, radically changing the nature of commerce and cultural diffusion. (6.6.C)
  13. commerce
    transactions supplying goods and services
    These technologies dramatically improved the speed and scope of information transmission, radically changing the nature of commerce and cultural diffusion. (6.6.C)
  14. diffusion
    spread of social institutions from one society to another
    These technologies dramatically improved the speed and scope of information transmission, radically changing the nature of commerce and cultural diffusion. (6.6.C)
  15. deregulation
    the act of freeing from rules
    Transportation efficiencies in the shipping and airline industries also contributed to globalization: containerization and airline deregulation allowed larger volumes of goods to be transported and made human migration cheaper. (6.6.C)
Created on Thu Jul 23 09:47:24 EDT 2020 (updated Thu Jul 23 11:58:53 EDT 2020)

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