AP World History: Modern / Unit 5: Revolutions (c. 1750–1900)
5.7 Economic Developments and Innovations in the Industrial Age
Notes
Capitalism and laissez-faire spread. New business forms: corporations, stock markets, banks (HSBC). Transnational businesses (Unilever) operated across borders.
Practice
Laissez-faire means:
"Let it be."
Corporations helped industrialization by:
Joint-stock model.
A transnational business operates in:
Global firms.
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