Chapter 8 Test: 3/5 Flashcards
What country first experiences the industrial revolution?
Great Britain
Why was Europe’s economy on the decline in the early 1800s? (Know 3)
- Sudden stoppage of war production materials
- Unemployment rose
- Government debt from war
- Inflated prices
What were the Enclosure Acts?
Enclosed the common land with fences, etc. so that the governments private property can be rented out to farmers
Effects of the Enclosure Acts
- Greater productivity
2. Displaces poor or homeless people
What was the merchant marine?
Trade over see or merchants using water for transportation of goods; Navy grows to protect them
Thomas Newcomen
Builds the first economically significant steam engine that is used to drive pumps in coal mines
John Kay
Developed a fly shuttle which allows a single person to operate the loom
Richard Arkwright
Develops a steam engine engine powerful enough to drive spinning wheels
Eli Whitney
Invents the cotton gin which increases cotton market and demand
George Stephenson
Invented “The Rocket” which was the first successful locomotive
Who wrote Wealth of Nations?
Adam Smith
describe the Manchester School of Economics
led by Thomas Equilibrium and David Ricardo
believed that certain natural laws govern
everyone should follow own best interest
What did Ricardo believe were duties of the government?
protect life, property, provide reasonable laws, reliable courts, and assure the discharge of private contracts
Principles of the Manchester School of Econ
- Each has own enlightened best interest
- Government has duties
- Free trade
- Business education and charity is a private initiative
- Iron law of wagers
Who was prime minister during the industrial revolution?
Robert Jenkins (Tory)
What were Robert Jenkin’s beliefs?
- Laissez-faire
2. No government relief for social or economical issues
What was the Corn Law?
Eliminated foreign grain by placing a high tariff on it
Henry Hunt
believed in universal suffrage and annual parliamentary meetings
Francis Place
Forms labor union for political action
William Cobbet
Editor of register; wants to reform parliament, church, suffrage, corn laws, and repudiate national debt
Arthur Thistlewood
Violent revolutionist aiming to overthrow the monarchy in favor of a republic and who organized the Spafield Rally
Purpose of the Cato Street Conspiracy
Assassinate the Prime Minister/Cabinet and declare a republic, but fails
Peterlou Massacre
Led by Henry Hunt in Manchester England;
Militia is sent in and tracks crowd
George V
Unpopular because runs up gambling/partying debt
Prime Minister under George V
Canning (Tory); first to understand and manipulate public opinion
Sir Robert Peal
Secretary of Home Affairs
Initiates Metropolitan Police Act
Duke of Wellington
PM after Canning
What is the biggest issue in Britain?
Irish/Catholic relations
Who leads the Irish?
Daniel O’Connell