Unit 12 Flashcards

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1
Q

tax on an imported good whose purpose it is to protect domestic industry

A

tariff

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2
Q

an institution that manages a country’s currency, money supply, and interest rates

A

central bank

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3
Q

invented spinning jenny

A

James Hargreaves

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4
Q

invented the water frame

A

Richard Arkwright

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5
Q

improved the steam engine

A

James Watt

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6
Q

invented the first effective locomotive called The Rocket

A

George Stephenson

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7
Q

British engineer most known for building Britain’s railway network

A

Isambard Kingdom Brunel

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8
Q

British Romantic painter; painted Rain, Steam, and Speed

A

J. M. W. Turner

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9
Q

an industrial fair in London whose purpose it was to display Britain’s industrial power

A

The Great Exhibition of 1851

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10
Q

centerpiece of the Great Exhibition of 1851

A

Crystal Palace

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11
Q

wrote Essay on the Principle of Population (1798); said population would always grow faster than food supply

A

Thomas Malthus

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12
Q

said population growth would always mean that wages would sink to subsistence levels

A

iron law of wages

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13
Q

his main idea was the iron law of wages

A

David Ricardo

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14
Q

he promoted a customs union without tariffs for German member states, BUT high tariffs on imported goods

A

Franz List

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15
Q

term for well off middle-class

A

bourgeoisie

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16
Q

term for working class

A

proletariat

17
Q

workers who destroyed machines that they said were taking their jobs

A

Luddites

18
Q

wrote The Condition of the Working Class in England which said capitalism and competition brought poverty and exploitation to workers

A

Friedrich Engels

19
Q

limited 9-13 year olds to 8 hours a day; 14-18 year olds to 12 hours a day

A

Factory Act of 1833

20
Q

British law that outlawed unions; largely ignored

A

Combination Acts of 1799

21
Q

British labor movement that demanded universal manhood suffrage

A

Chartism

22
Q

ideology that promotes more equal distribution of welath

A

socialism