Final Exam Flashcards
What group was the Industrial Bourgeoisie made of?
Factory owners
What were two characteristics of the Industrial Bourgeoisie?
- They made significant investments and risks.
2. They had the potential to make big money.
Why did the Industrial Bourgeoisie take such significant risks?
To make money
What group was the Proletariat made of?
Factory workers
What two things did the Proletariat want?
- Safer working conditions
2. Higher wages
What was the Belle Epoch?
Period of time extending from the late 19th century to WWI, that witnessed great peace, prosperity, and scientific/artistic progress.
What did conservatives of the 19th century believe? (2 things)
- They did not believe in revolutionary slogans (democracy, inalienable rights, etc.)
- They believed peace could be found through following tradition and order.
What group was the conservative class made of?
Nobility (who wouldn’t want things to change)
What 4 things did Liberals of the 19th century believe in?
- The Enlightenment
- Democracy
- Free-market economics
- Meritocracy
What 3 things did Socialists of the 19th century believe in?
- They opposed capitalism
- Common ownership of means of production
- They assume all people are willing to work for the greater good
Why did Socialists oppose capitalism? (2 reasons)
- They believe it is chaotic.
2. They opposed private ownership of means of production.
In socialism, income is based on what?
Income is based on need
Who was Karl Marx?
A 19th century German Jew who attended the University of Berlin. Known as the “Father of Communism.”
What were 3 influences on Karl Marx?
- British economic thought
- French revolutionary thought
- George Hegel
What is the theory of surplus value?
The belief that the working man is being robbed because he receives only a small portion of the wealth his labor produces.
Who was Friedrich Engels?
One of the founders of Marxist Theory (along with Karl Marx).
What was the Hegelian Dialectic and who said it?
George Hegel: “All things are in movement and continually evolving. Useful change comes from clash and reconciliation of the antagonistic elements.”
What does Dialectic Materialism say? Who said it?
Karl Marx: “Change through history in every area (political, economics, etc.) comes from the clash and reconciliation of antagonistic economic elements which continually change as material conditions change.”
What two books did Karl Marx write?
“Communist Manifesto” and “Das Kapital”
What important line in the “Communist Manifesto” did we cover in class?
“The history of all hitherto existing society is the history of class struggles.”
What is Marxism?
Political, social, and economic doctrines of Marx which describe class struggle as the force which will lead to a classless society.
What is communism?
Political system that would be characterized by an absence of social classes and a common ownership of the means of production, based on the teachings of Marx.
Why did Marx think that Europe was at a critical point? (Long answer, though easy to understand)
“In a capitalist system, the industrial bourgeoisie tend to devour one another.” Wealth and power was becoming more concentrated, so the Industrial Bourgeoisie was shrinking in size. The proletariat mass was growing and would take over the Industrial Bourgeoisie, and thus a social revolution will have been accomplished.
What was the “Dictatorship of the Proletariat?”
The intermediate system between capitalism and communism, when the government is in the process of changing the means of ownership from privatism to collective ownership.