bhjkj Flashcards
What book is Joseph Schumpeter most known for?
Capitalism, Socialism, and Democracy
What idea is Joseph Schumpeter best-known for?
Creative destruction; in order to make something new and innovative people blow up the existing order, which inevitably hurts som
When did the term capitalism start to catch on?
The 1850s
How much did Henry Ford pay his workers (famously)?
$5 a day
What is coke?
a hotter burning coal
Who made coke first?
China
What is the “New History of Capitalism?”
Argues that slavery was essential for the emergence of modern capitalism and economic growth
What does Sven Beckert call mercantilism?
war capitalism
mercantilism
the economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.
What is cliometrics?
an area of economic study that attempts to use historical data to model economic principles
What is Sven Beckerts’ war capitalism?
His name for mercantilism
Who was in charge of the Louisiana Purchase transaction?
The Francis Baring and Company. In particular, Alexander Baring and Pierre Labouchère
How did the United States pay for the Louisiana Purchase?
Mix of sovereign bonds and the assumption of French debts
Who obtained the Treaty of Amiens?
Henry Addington
When did Henry Addington become Prime Minister?
1801
How did Henry Addington feel about the Louisiana Purchase?
He opposed it
Who was James Cropper?
An abolitionist
Who argued that “bales per hand per acre” was an important metric in the American antebellum south?
Walter Johnson
Who wrote the famous critique of the New History of Capitalism?
Alan L. Olmstead, Paul W. Rhode
Who is Taylorism named for?
Frederick Winslow Taylor
What was Frederick Winslow Taylor’s famous book?
The Principles of Scientific Management
Who was Josiah Wedgwood?
English potter, entrepreneur and abolitionist
