Terms : Hide Images
| 316480220 | Capitalism | Means of production owned by private individuals; characterized by free enterprise and a self regulating economy. | 0 | |
| 316480221 | Communism | means of production controlled by the government; characterized by gov't control to ensure equality | 1 | |
| 316480222 | Socialism | means of production controlled by both the private and public sector; tries to balance liberty and equality. | 2 | |
| 316480223 | Laissez-faire | means "hands off" or "leave alone" and describes the capitalist belief that the government should NOT regulate business | 3 | |
| 316480224 | Adam Smith | father of capitalism; wrote Wealth of Nations | 4 | |
| 316480225 | Karl Marx | father of communism, wrote the Communist Manifesto | 5 | |
| 316480226 | Proletariat | Working class that Marx believed would rise up and overthrow the wealthy | 6 | |
| 316480227 | Bourgeoisie | wealthy class of business owners that Marx believed would be overthrown by the poor | 7 | |
| 316480228 | Edward Jenner | discovered smallpox vaccine | 8 | |
| 316480229 | Henry Bessemer | cheaper and more efficient way to manufacture steel | 9 | |
| 316480230 | Louis Pasteur | discovered bacteria | 10 | |
| 316480231 | James Watt | invented the steam engine | 11 | |
| 316480232 | Eli Whitney | invented the cotton gin | 12 | |
| 316480233 | Cottage Industry | before the Industrial Revolution when work was done in the home for extra income | 13 | |
| 316480234 | Agricultural Revolution | improvements and changes in Agriculture that occurred just before the Industrial Revolution which allowed for more laborers to specialize | 14 | |
| 316480235 | Enclosure Act | Law in Britain that sold off all public; benefitted the wealthy, and gave them extra income to invest with | 15 | |
| 316480236 | Industrial Revolution | beginning in approximately 1750 it is a change to a manufacturing economy | 16 |
