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Scientific revolution Flashcards

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299451229Ludditesa social movement of British textile artisans in the nineteenth century who protested - often by destroying mechanised looms - against the changes produced by the Industrial Revolution0
299451230Capitalisman economic system based on private ownership an on the investment of money in business ventures in order to make a profit1
299451231Laissez fair economicsthe idea that government should not interfere with or regulate industries and business.2
299451232free enterprise systemCapitalism is an economic system in which the means of production and distribution are privately owned and operated for a private profit3
299451233wealth of nationsThe Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith.4
299451234Malthus and RicardoRicardo was the second great economist, who also was known for his great financial acumen. Malthus is one of history's great pessimists. He said that population will always increase, and will keep increasing faster (an exponential increase).5
299451235Factory Act 1835The Acts assert the right of the state to control the industrial organizations which depend upon the labour of women and children.6
299451236Reform Act 1832its impact was relatively minor in terms of those who could vote once the act was passed.7
299451237Adam smitha Scottish social philosopher and a pioneer of political economy.8

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