Industrial Revolution Flashcards
What is a (Laissez Faire Economy)
AN economy with Ideas formulated by ENLIGHTENMENT THINKERS saying that a nations growth of wealth is caused by PLACING HEAVY “TARIFFS” on FORGIN GOOD. ALLOWMENT OF FREE TRADE= flow of comers w/o gov’t regulations.
What is (Socialism)
A new ECONOMIC system developed to offset ILL EFFECTS OF INDUSTRIALIZATION. = FACTORS OF PRODUCTION ARE OWNED by PUBLIC and operated for welfare of ALL.
What is (Communism)
A form of COMPLETE socialism in which THE MEANS OF PRODUCTION all land, mines, factories, railroads, and business WOULD BE OWNED BY THE PEOPLE. (303)
What was the major Impact the INDUST REV had on the WORLD?
The indust rev allowed people to have hope that there life’s will get better. (292)
What is URBANIZATION, and was the impact of it?
A time of growth of people migrated into cities, and the growth of the city. (289)
How did the POPE think about UNIFICATION of ITALY?
Pope tries to make allies against colvira and Garibaldi with other counties and was an threat.( 260)
What were the countries PURSSIA had WARS with, and why did they?
France by Bismarck to unify 262) r
What is (Collective Bargaining)
Negations between WORKERS and their EMPLOYERS (304)
What was the INDUSTRIAL REVOLUTION?
A time were machinery greatly increased in ENGLAND in the MIDDLE 1700’s (283)
What was REALPOILTIN, who developed the idea and what was the impact of it?
The idea of “the politics of reality” describing a tough, powerful POLITICAL POWER with no IDEALISM. Ends justify the means Prime minster of Germany OTTO VON BISMARK developed the idea. Impact: he ruled with consent of parliament, or a legal budget. (261)
What were (factors) of THE FACTORS OF PRODUCTION? (3)
LAND, LABOR, and CAPITAL WEALTH.
What was the IMPACT of RAILROADS?
Increasing demands of goods and production, new jobs were devolved. 287-288)
Why did INDUSTRIALIZATION start in BRITAIN ?
It was a prime location due the large amount of workers, and the EXTENSIVE amount of resources.
What was the AGRICULTURE REVOLUTION, what was the CAUSE of it, and what was the RESULT of it?
(283)
What were the new ideas that EMERGED during INDUSTRIALIZATION?
(284-287)