2023 World History Exam Flashcards
(103 cards)
Person who assumes financial risk in the hope of making profit
Entrepreneur
Form of socialism advocated by Karl Marx; class struggle was inevitable and would lead to the creation of a classless society
Communism
System in which the people as a whole rather than private individuals own all property and operate all businesses
Socialism
Economic system in which the means of production are privately owned and operated for profit
Capitalism
Working class
Proletariat
Movement of people from rural areas to cities
Urbanization
Farm, factories, railways, and other large businesses that produce and distribute goods
Means of production
German philospher who wrote the Communist Manifesto
Karl Marx
Believed that nature’s methods of war, famine, and disease would restore the population disorder
Thomas Malthus
Cotton industries; raw cotton was distributed to peasant families who spun it into thread and then wove the thread into cloth in their own home
Putting-Out-System
An organization of workers that aims to protect and promote the interests of its members, including wages, benefits, and working conditions
Labor Union
Scottish engineer who set out to make the steam engine more efficient
James Watt
During the Industrial Revolution, life changed in what basic way?
People migrated from rural areas
Where did the Industrial Revolution begin?
Britain
What new farming tactic forced peasant farmers off their land?
Inclosure
What was the type of economic system practiced during the Industrial Revolution?
Capitalism
According to the laissez-faire economists, the cure for poverty was what?
Unrestricted free-market
The process of fixing up the poor areas of the city
Urban Renewal
Revolutionized the manufacturing industry with his assembly technique of mass production and Model T automobile
Henry Ford
Campaign to limit or ban the use of alcoholic bevarages
Temperance Movement
The theory that infectious diseases are caused by certain microbes
Germ Theory
Discovered how antiseptics prevented infection
Joseph Lister
Movement of the 1800s that urged Christrians to do social services
Social Gospel
Business owned by many investors who buy shares of stock and risk only the amount of their investment
Corporation