industrial rev.

Question 1

economics

Answer 1

the study of the production and distribution of goods and services

Question 2

three basic questions of economics

Answer 2

what to produce?
how to produce it?
how to distribute it?

Question 3

traditional economics

Answer 3

the answers to the economic questions are based on whats been done in the past

Question 4

market economics

Answer 4

the answers to the economic questions are made by individuals determiend by price and supply and demand

Question 5

command economics

Answer 5

the answers to the economic questions are made by a central authority, usually the government

Question 6

market economy (laissez-faire capitalism)

Answer 6

private ownership, free enterprise, profit motive, competition, market price

Question 7

private ownership

Answer 7

individuals can own a business

Question 8

free enterpirse

Answer 8

individuals are free to choose and run a business

Question 9

profit motive

Answer 9

individuals make decisions to make money

Question 10

competition

Answer 10

individuals make decisions to beat their competitors

Question 11

market price

Answer 11

using the laws of supply and demand to determine the price

Question 12

economic thinkers

Answer 12

adam smith, thomas malthus, david ricardo, karl marx

Question 13

bourgeoisie

Answer 13

business owners and managers

Question 14

proletariat

Answer 14

factory wokers

Question 15

karl marx

Answer 15

german thinker, scientists, philosopher, historian

Question 16

1848

Answer 16

wrote the communist manifesto with Engles

Question 17

marx viewed history as….

Answer 17

a struggle between the haves and the have nots

Question 18

marxism

Answer 18

the public owns all property, operates all businesses, and controls the means of production ( revolution of the proletariat)

Question 19

communism

Answer 19

marxism applied in the real world (totalitarian)

Question 20

totalitarian type gov.

Answer 20

violates indivdual rights, provides basic necessities, and treats themselves better than th erest of the pop.

Question 21

japan - early history

Answer 21

isolated, homogeneous culture and selective borrowing

Question 22

tokugawa shogunate

Answer 22

1603-1868

Question 23

centralized feudalism

Answer 23

one person was in control

Question 24

1854

Answer 24

treaty of kanagawa signed

Question 25

treay of kanagawa

Answer 25

us recieved trade access, two ports in japan and the us doesnt invade

Question 26

1868-1912

Answer 26

the Meiji Restoration

Question 27

the meiji restoration was….

Answer 27

the overthrow of the previous government and the restoration of the japanese emperor

Question 28

political impacts of meiji restoration

Answer 28

emperor with a western style legislature and modern army/navy

Question 29

social impact of meiji restoration

Answer 29

imported ideas and technology from the west

Question 30

economic impacts of meiji restoration

Answer 30

child labor, pollution, urbanization

Question 31

why did the industrial rev begin in england?

Answer 31

geographic factors and economic factors

Question 32

enclosure movement

Answer 32

the move by parliment to fence off common lands to create large farms for the wealthy

Question 33

agrarian revolution lead to….

Answer 33

more food which lead to a population growth