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Unit 3 The Great Depression (Set 1)
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primary producers
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people who grow, harvest or extract food and raw materials, including agricultural products, fish, trees, and minerals such as coal
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Terms in this set (33)
primary producers
people who grow, harvest or extract food and raw materials, including agricultural products, fish, trees, and minerals such as coal
demand
Consumer willingness and ability to buy products
inflation
A general and progressive increase in prices
deflation
A situation in which prices are declining
First Wave of Globalization (1860-1914)
-growth of world economy due to mass production
-improvement in transportation technology
-lower tariff barriers
