Industrial Revolution Flashcards
Who wrote, The Wealth of Nations?
Adam Smith
Which book to Karl Marx write?
The Communist Manifesto
What impact did the Agricultural Revolution & enclosure movement have on British farmers?
Lost jobs and moved to cities (urbanization)
Which two resources are essential to industrialization?
Coal and iron
In which country did the Industrial Revolution first begin?
England
Which social class emerged during the Industrial Revolution?
Middle Class
What caused the Irish Potato Famine?
Blight (infection) in potato crop
What were two effects of the Irish Potato Famine?
Famine (millions of deaths) & Irish migrated to other countries (like the United States)
What is “laissez-faire” capitalism?
Minimal government interference in the economy
Which thinker of this time believed in “laissez-faire” capitalism?
Adam Smith
According to Adam Smith, what regulated the economy?
Supply and Demand
According to Karl Marx, all of history is the history of……..
Economic class struggle
What did Karl Marx predict the workers (proletariat) would do?
Overthrow the bourgeoisie class (upper classes) and create a classless society
According to Thomas Malthus, what was needed to keep the world’s population in check?
Natural disasters-famines, earthquakes, war, etc…..
Which form of transportation increased during this time?
Railroads
