Quiz 1
Terms : Hide Images
| 333154023 | Capitalism | Means of production owned by private individuals; characterized by free enterprise and a self-regulating economy | 0 | |
| 333154024 | Karl Marx | a) Father of Communism b) Wrote the Communist Manifesto | 1 | |
| 333154025 | Adam Smith | a) Father of Capitalism b) Wrote Wealth of Nations | 2 | |
| 333154026 | Cottage Industry | Before the Industrial Revolution when work was done in the home for extra income | 3 | |
| 333154027 | Eli Whitney | Invented the cotton gin | 4 | |
| 333154028 | James Watt | Invented the steam engine | 5 | |
| 333154029 | Laissez-Faire | Means, "hands-off," or, "leave alone," and describes the capitalist belief that the government should NOT regulate business | 6 | |
| 333154030 | Socialism | Means of production controlled by both the private and public sector; tries to balance liberty and equality | 7 | |
| 333154031 | Edward Jenner | Discovered small pox vaccine | 8 | |
| 333154032 | Bourgeoisie | Wealthy class of business owners that Marx believed would be overthrown by the poor | 9 | |
| 333154033 | Proletariat | Working class that Marx believed would rise up and overthrow the wealthy | 10 | |
| 333154034 | Henry Bessemer | Cheaper and more efficient way to manufacture steel | 11 | |
| 333154035 | Louis Pasteur | Discovered bacteria | 12 | |
| 333154036 | Communism | Means of production controlled by the government; characterized by government to ensure equality | 13 | |
| 333154037 | Industrial Revolution | Beginning in approximately 1750, it is a change to manufacturing economy | 14 | |
| 333154038 | Enclosure Act | Law in Britain that sold off all public; benefited the wealthy and gave them extra income to invest with | 15 | |
| 333154039 | Agricultural Revolution | Improvements and changes in agriculture that occurred just before the Industrial Revolution which allowed for more laborers to specialize | 16 | |
| 333154040 | Reasons why IR Started in Britain (Four) | 1) Lots of natural resources like coal 2) High population available to work in factories 3) Many innovations out of the Scientific Revolution happened here 4) Strong foundation of banking and trade | 17 | |
| 333154041 | Why IR did not start in China (Three) | 1) Would NOT disrupt family life 2) Did not experience the scifi rev/Enlightenment 3) They had enough workers; no need for industrialization | 18 | |
| 333154042 | Why Karl Marx's Vision Did Not Come To Fruition | 1) Wages and working conditions improved ad a result of labor unions 2) Many families had middle class aspirations and wanted the ability to buy consumer goods | 19 |
