Europe test
What did James Watt invent?
steam engine
Define communism
system with no economic classes and no private property
Urban vs Rural living
>People move from farms to cities- not much room for living in the city and bad housing >Very bad sanitation-more disease >Disease spread wiped out people
Middle and lower class
>Wages were very low- more people, less money >Working conditions extremely poor-unsanitary and unsafe >Job security was gone- if you didn't keep with pace doing work, you get fired >Lower class- children had to work >Middle class- 60% of children had to work due to lack of money
What was the Spinning Jenny?
A machine that could spin several threads at once
Factory Production
Faster production
Describe the invisible hand policy
A metaphor for the unseen forces that move the free market economy
Imperialism
A policy of extending a country's power and influence through diplomacy or military force.
Karl Marx
A political theory advocating class war and leading to a society in which all property is publicly owned was by
Feudalism
A system where commoners and vassals worked the land of a lord in exchange for protection
What does the term Agarian mean?
Agricutural- Farming community
Age of Enlightenment
An intellectual and philosophical movement that changed the ways of thinking in Europe that started off in France
Why did the industrial revolution begin in England?
England's stable government, Great deposits of coal and iron, Expansion in the land
What are the 3 principles of free market economy?
Freedom of choice, private property rights, profit motives of owners
Where did the Industrial Revolution start?
Great Britain (England)
what are 4 causes for the industrial revolution?
Higher demand for goods, inventors think freely, Capitalism, Effects of agriculture industrialization
Age of Enlightenment what did it do?
led to a time of new scientific philosophies
Urbanization
Movement of people from rural areas to cities to work in factories
Does communism have a class system?
No, men and women are not different are treated equally
mIddle ages
Orthodox Christianity started due to frustration with main religion
Domestic production
Products made by people at home, and it took longer
What are two major agricultural inventions did Jethro Tull create?
Sea drill and Horse Hoe
New Transportation
Steam boat, new road construction, canals, trains
Who has power in a communist state?
The government
Define laissez-faire
The government has little to no involvement in the business
What was the Industrial Revolution?
When rurual societies moved to the urban cities and had new technology.
Define capitalism
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
Which system has no freedom?
communism
Who owns means of production?
communism
What are 7 negative effects of the industrial revolution?
horrible living conditions for workers, poor nutrition, stressful unsatisfying life, dangerous workspaces, child labor, discrimination against women, environmental harm
Adam Smith
invisible hand
