Booklet 2 Flashcards
The parents of liberalism are…
Enlightenment and Industrial Revolution
The political parent of liberalism is…
The Enlightenment
The economic parent of liberalism is…
industrial revolution
aristocrat
a member of the aristocracy
aristocracy
the highest class in certain societies, especially those holding hereditary titles or offices
bourgeoisie
the middle class, typically with reference to its perceived materialistic values or conventional attitudes and in Marxist contexts the capitalist class who own most of society’s wealth and means of production.
class
the division of society into different classes of people, usually based on income or wealth
classical liberalism
an ideology the embraces the principles of individualism. stresses the importance of human rationality. also holds freedom to be the basic standard in economics and believes the most economic system is the free market.
how did classical liberalism arise?
arose in Europe after the renaissance and reformation. sparked the importance of the individual.
principles of individualism that classical liberalism took on: (mnemonic)
rule of law, individual rights and freedoms, private property, economic freedom, self-interest, competition.
principles of classical liberalism (5)
- primacy of ind. rights and freedoms, to be exercised in the individuals self-interest
- the belief that humans are reasonable and can make rational decisions that will benefit both themselves and society as a whole
- economic freedom, involving the ownership of private property and free markets
- the protection of civil liberties
- constitutional limitations on the government
capital
the money or other assets with which an entrepreneur starts a business; any tool or mechanism used in the creation of wealth
capitalist
a wealthy person who uses money to invest in trade and industry for profit in accordance with the principles of capitalism.
capitalism
an economic system based on free markets, fair competition, wise consumers, and profit-motivated producers,; minimum gov involvement is favoured
chartists
chartism was a working-class movement in Britain that focused on political and social reform in the 17th century
communist
a person who supports or believes in the principles of communism.
communism
a system of society with property vested in the community and each person working for the common benefit according to his or her capacity and receiving according to his or her needs.
conservative
holding to traditional attitudes and values and cautious about change or innovation, typically in relation to politics or religion. status quo.
competition
the act or instance of competing or contending with others. seen as an incentive for individuals and groups to work harder and more efficiently. (rather than co-operation)
dialectical materialism
the Marxist theory that political and historical events result from the conflict of social forces and are interpretable as a series of contradictions and their solutions. The conflict is believed to be caused by material needs.
enlightenment
an intellectual movement in the 17th and 18th centuries when classical liberalism spread through Europe and changed some people’s beliefs; also called the age of reason. rooted in the renaissance.
Friedrich Engels
Engels founded Marxist theory together with Karl Marx and co-authored The Communist Manifesto.
Enclosure Movement
there was an “enclosure movement” that was a cause of the industrial revolution in England. The enclosure movement was this: wealthy farmers bought land from small farmers, then benefited from economies of scale in farming huge tracts of land. common land became private property. these farmers became the people working in factories.
factory system
The factory system is a method of manufacturing using machinery and division of labour. factories are typically owned by capitalists who employ the labour. Use of machinery with the division of labor reduced the required skill level of workers and also increased the output per worker.
free market
a market that operates with limited government intervention.
humanist
someone who believes in the supremacy of reason of individuals over faith. sought meaning and purpose of love, beauty, etc.
individualist
a person who believes in individualism
individualism
a current of thinking that values the freedom and worth of the individual, sometimes over the group
industrial revolution
a period of rapid industrialization and economic development.
what did the industrial revolution began with….
the british textile industry and quickly spread to transportation, factories and communications
what was animal and human labour replaced with during the ind. rev.?
machines