GLOSSARY
|
Term |
Definition |
|
Dissenter |
One who refuses to accept established beliefs and practices |
|
Indentured Labor |
A bonded labor under a contract to work for an employer for a specific amount of time. |
|
Rinder pest |
Rinderpest was carried by infected cattle and is a fast-spreading disease. It is also known as called cattle plague |
|
Tariff |
Tax is imposed on the country’s imports from the rest of the world. |
|
Fixed Exchange Rate |
When exchange rates are fixed and the government intervenes to prevent movement in them |
|
Flexible Exchange Rate |
These rates fluctuate depending upon the demand and supply of currencies in foreign exchange markets without interference by the government . |
