Industrial Revolution Test Flashcards
People live in peaceful cooperative settlements in which they all share in the work and the profits of their labor
Utopia socialism
A true classless society will appear
Pure communism
Every act of a society should be judged based on usefulness
Utilitarianism
Individuals control the factors of production
Capitalism
The gov owns all of mean of production
Authoritarian socialism
The Industrial Revolution was change in
Production
Gov systems
Agriculture
First factories of modern factory system manufactured
Textiles
Under socialism decisions about means of production are made by
Gov
Belief that 1 race is superior to another
Racism
Conquering another nation because your nation is stronger than theirs
Imperialism
Changing of economy to impact industries
Industrialization
Groups of people coming together to protect their rights
Unionization
Using automatic machines to increase production
Mechanization
What did the suffragettes advocate for
Women’s rights to vote
What 2 laws did Adam Smith believe were important for the economy
Law of competition and the law of supply demand