299451229 | Luddites | a social movement of British textile artisans in the nineteenth century who protested - often by destroying mechanised looms - against the changes produced by the Industrial Revolution | 0 | |
299451230 | Capitalism | an economic system based on private ownership an on the investment of money in business ventures in order to make a profit | 1 | |
299451231 | Laissez fair economics | the idea that government should not interfere with or regulate industries and business. | 2 | |
299451232 | free enterprise system | Capitalism is an economic system in which the means of production and distribution are privately owned and operated for a private profit | 3 | |
299451233 | wealth of nations | The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith. | 4 | |
299451234 | Malthus and Ricardo | Ricardo 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 | |
299451235 | Factory Act 1835 | The Acts assert the right of the state to control the industrial organizations which depend upon the labour of women and children. | 6 | |
299451236 | Reform Act 1832 | its impact was relatively minor in terms of those who could vote once the act was passed. | 7 | |
299451237 | Adam smith | a Scottish social philosopher and a pioneer of political economy. | 8 |
Scientific revolution Flashcards
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