16. The Industrial Revolution Flashcards Preview

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Flashcards in 16. The Industrial Revolution Deck (16):
1

What is important about the inventions that revolutionized the textile industry?

Marked a shift from human power to mechanical power

2

Eli Whitney

cotton gin

3

James Watt

Steam engine

4

the transportation system that ushered in the Industrial Revolution

Railroad

5

What system replaced putting-out system in the Industrial Revolution

Factory system

6

3 major social effects of Industrialization

1. Misery for working-class
2. Urbanization
3. Prosperity for Middle-class (bourgeoisie)

7

what economic theory was well adopted in Britain?

Laissez-faire policies advocated by Adam Smith's "Wealth of Nations"

8

Thomas Malthus is known for

population vs food theory that population grows geometrically while food expands arithmetically

9

David Ricardo's views on wage

"iron law of wages", price of labor is determined by the law of supply and demand.
Basically, no raise in wages

10

Who were the frustrated English workers that broke into factories called?

Luddites

11

what did the working-class protesters come to realize they needed to form?

labor unions

12

All socialisms' basic belief

equal distribution of wealth.

13

3 different socialisms:

-Utopian socialism
-Marxian socialism
-Evolutionary socialism

14

Marx's famous quote "the history of all hitherto existing societies is the history of class struggles" comes from his work:

"Communist Manifesto"

15

Marx's belief of class conflict is best understood through which process of what?
explain the terms.

DIALECTICAL PROCESS of thesis, antithesis, and synthesis.
Thesis is the higher power(bourgeoisie), antithesis(working-class) hate the thesis, so the conflict produces a synthesis which leads to the dictatorship of the working class(or proletariat). In the end, "classless society" can be created.

16

What was Marx's prediction in short?
did it come true?

As the workers became more exploited, they would unite to overthrow the bourgeoisie.
- No, as capitalism matured, working conditions improved