*Another one Flashcards
Who were the Luddites?
A group of people who during the industrial revolution destroyed machinery to protest the poor working conditions and loss of jobs
Who were the Chartists?
People who advocated more for universal suffrage, voting by secret ballot, and the need to end property requirements for people in parliament
What did the socialists believe?
Co-operation should be favored over competition and land, labour, and capital should be shared
Who were some utopian socialist?
Robert Owen
Charles Fourier Claude Simon
Horace Greeley
What did Robert Owen do?
Built an industrial community that paid high profits to owners and high wages to workers. He also reduced working hours and gave them educations
What political ideology did Karl Marx and Englels embrace?
Communism
What did Karl Marx and Engels believe about capitalism?
That is divided society into the haves and the have nots
What is moderate socialism?
A term used to describe the non-violent, non-revolutionary character of socialism
What is classical conservatism?
An ideology that says the government should represent the legacy of the past as well as the present
What are the beliefs of Classical Conservatism?
Society should be structured in a hierarchical fashion
Govt should be limited
Stability of society is important
What was the belief of Edmund Burke?
Classical conservatism
What is a welfare state?
To prevent labor and unrest by providing social and economic safety nets to the working class
What is progressivism?
When people wanted a fair deal for both labor and capital
What was Black Tuesday?
When the stock market crashed
What was the great depression or the dirty thirties?
A period of depressed economic activity following WWI
What is Protectionism?
When countries put tariffs on imports from other countries
What were Keynesian Economics?
The idea that when there is a recession the government has to invest in more jobs, social programs, decreased taxes on citizens, more public aid
What was Roosevelt’s new deal?
A political policy that focused on relief, reform and recovery that created work relief programs, aid, in order to get the country out of the depression
What was Milton Friedman’s beliefs on economics?
He opposed the welfare state and modern economics and instead wanted monetarism
What is Monetarism?
When government control the amount of money in circulation
What are the principles of monetarism?
Decrease government spending and intervention in the economy
Decrease taxes
What was Reaganomics or Trickle Down Economics?
The belief that increased spending in military and business will trickle-down through the economy to the working class. Deregulation of the economy
What is Thatcherism?
Wide Scale privatization, emphasis on individual initiative, reduced corporate taxes
What was Blair’s third way?
The adoption of thatcherism along with maintaining social programs
