Dependency Theory Roots the Causes of Underdevelopment In

question 3

Multiple Choice

Dependency theory roots the causes of underdevelopment in:

• A) the dogmatism and antidemocratic attitudes of Third World political leaders
• B) unfavorable geographical conditions
• C) the flirtation of Third World countries with socialism
• D) foreign economic domination of Third World countries by the advanced captalist societies of Europe and North America

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Definitions:

American System

An economic plan advocated by Henry Clay in the early 19th century, emphasizing support for a national bank, high tariffs, and internal improvements to foster national economic growth.

Panic of 1819

The first major financial crisis in the United States, which occurred due to a sudden collapse of the economy, leading to bank failures and unemployment.

European Market

The combined economies of European countries, often referring to the single market in the context of the European Union.