POLS1005 Study Guide - Final Guide: Bretton Woods, New Hampshire, Bretton Woods System, Warsaw Pact

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Mercantilism: an economic doctrine based on a belief that military power and economic influence complimented each other; applied especially to colonial empires in the sixteenth through eighteenth centuries. Mercantilist policies favored the mother country over its colonies and over its competitors. Sovereignty: the expectation that states have a legal and political supremacy-or ultimate authority within their territorial boundaries. Hegemony: the predominance of one nation-state over others. Gold standard: the monetary system that prevailed between about 1870 and 1914, in which countries tied their currencies to gold at a legally fixed price. Treaty of versailles: the peace treaty between the allies and germany that formally ended wwi on. League of nations: a collective security organization founded in 1919 after wwi. Nato: an alliance formed in 1949 among the us, canada, and most of the states in western europe in response to the threat posed by the soviet union.

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