Unit 2 Flashcards
Define Ideology
- Set of beliefs that provide a picture as to what a group of people believe
- Key beliefs around which political and economic systems are centered
Example of Ideology
1) Collectivism
2) Individualism
Define Individualism
- Allows individual goals to be emphasised
Why do democrats like individualism?
Because it allow for the freedom of choice in who should be representative
Define collectivism
- Favours the interest of the group
- Emphasis on equality and welfare
Define communism
- Advocates for a classless society in which all property and wealth is communally owned
Define fascism
- Power is mainly held by one person
- Usually totalitarianism
- support authoritarianism, nationalism, hierarchy, elitism, and militarism
Define nationalization
- Taking privately owned companies, industry’s or assets and putting them under government control
Define centralization
- The concentration of control under a single authority
Define Authoritarian
- A political system in which a monarch or dictator assumes total constitutional power under his or her authority
Define Totalitarian
- a political system in which tries to maximize state or government control over the actions on individuals
What are the differences between Socialism and Communism?
- Communist want to gain power by violence, while socialists want belief is should be through democratic election
- Communists believe in one-party democracy, socialist believe in more that one party democracy
- Communist want complete public ownership of property, socialists believe in public ownership for essential industries
What is demand side economics?
- theory that the demand for goods and services drives economic activity
What is supply side economics? (Trickle down and reaganomics)
- If a government
incentivises businesses
through:
1) Tax cuts/breaks
2) Reduction in regulation
3) Privatization
4) Low interest rates
The government can
increase economic growth
of the public & private
business
What are the three main part of the industrial rev?
- Agricultural rev
- Commercial rev
- Transportational rev
How did the agricultural revolution influence the industrial revolution?
- Farmers producing extra food = growth in population
- The extra food was being produced without the need for more farmers so the new population could work elsewhere like mines
- Price of food started to fall because of the abundance so people were able to spend less
- The profits made landowners wealthier, and they would spend there money on things like roads therefore improving the industry
How did the transportation revolution influence the industrial revolution?
- Bulky items such as coal and food could be moved more easily
- Cheaper transport costs ment cheaper prices of raw material
How did urbanization impact the industrial revolution?
- With the rapid increase of population, people began moving to cities to find work
- Rapid urbanization created many social problems like lack of housing, overcrowding, crime, no social services
What 4 main groups opposed classical liberalism?
1) Luddites
2) Chartists
3) Socialism
4) Marxism
Describe the luddites:
- A group of English handicraftsmen who rioted in protest against the textile machinery that took them out
- Destroyed thousands of pieces of machinery