Industrial Rev. cont. Flashcards
Define Capitalism
System of capital centred on the private ownership of the means of production.
What 3 things is Capitalism based off?
- Supply and Demand
- Free Market
- Competition
Define Romanticism
The idealization of concepts such as man and nature. Moves away from enlightenment ideals of reason and logic.
Which British poet was epitomic of romanticism?
John Keats
What is Military Industrial Complex?
- The mutual feeding of the Military AND the Economy
- Economic development is reliant on Military advancement
What are the benefits of the “Company Town” model
(7)
- Adequate housing
- Free education and health services
- Provides money for Church
- Provides recreational amenities
- Improved town infrastructure
- Social services provided (firemen, police, etc.)
- Creates a new sense of community
What are the issues of the “Company Town” model?
- No choice as to where you live, religion or educational curriculum
- Company store controls prices and inventory
- Owners can interfere in family matters
- Labour organizing
- Nearly Impossible to bargain for higher salary
- Totally economically dependent on the company
- The towns were in isolated areas
What 4 things caused the decline of company towns?
- New regulatory laws
- Corporate world becomes more flexible
- Family descendants sell off the companies
- Rising strength of labour
What is the legacy of Company Towns?
- Social stratification can still be seen in urban layouts of some towns
- Isolated Ghost towns still dot landscapes
- Communities scared by economic strife, environmental devastation and horrific work accidents
What are the commonly viewed positives of the Industrial revolution?
- Increase in wages
- Increase in living standard
- Greater availability of goods
- Quality of life increase (like running water)
- Greater life span
- Improved education system
- Improved social mobility
How is the truth of the Industrial revolution somewhere in the middle?
- Yes there were some improvements on the quality of life but only after hard fought battles by the labourers
- Negative and Positive impacts were not standard everywhere
- Conditions during the industrial revolution sped up social reform in centuries to come
What is Dialectical Reasoning?
- Building a thesis
- Then, building an anti-thesis
- Then combining them into a synthesis
What do the “Tools of labour” refer to?
The machines
What are the 5 modes of production?
- Primitive mode (ex. hunter-gatherer)
- Ancient mode (slaves)
- Feudal mode (serfs)
- Capitalist mode (Bourgoisie and Proletariat)
- Communist/Socialist mode
Define Jingoism
Nationalism to the point that you believe that your country is superior to a point that its values should be spread and imposed around the world
