Industrialization and Imperialism Test Flashcards
(11 cards)
(Identification) Adam Smith
Adam Smith promoted a free market economy and believed that a free market could produce more goods at lower prices and that capitalists would reinvest in the growing economy.
(Identification) Thomas Malthus
He believed that war, disease, and famine are effective checks on population. He also believed that families should have fewer children to preserve the food supply.
(Identification) David Ricardo
He shared the same view as Malthus and believed that wage increases are futile for the working poor. He also opposed government help for the poor.
(Identification) Utilitarian
This was the goal of a society should be the greatest happiness for the greatest number. Laws or actions should be judged by utility. Individual freedom guarantees happiness.
(Identification) Socialist Thoughts
They believe that the focus should be on the good of society in general, not on individual rights. There was a belief that socialism would end poverty and injustices of individuals, should own and operate the means of production. People as a whole not private individuals, should own and operate the means of production. They established a Utopian model in Scotland under Robert Owen.
(Identification) Karl Marx
The communist manifesto stated that the struggle between social classes was inevitable and that a classless society would end struggles for wealth and power.
(Identification) Socialism
People work together and own the means of production.
(Identification) Communism
The state owns the means of production.
(Identification) Imperialism
Domination by one country of the political, economic, or cultural life of another country or region.
(Identification) Social Darwinism
The imperial domination of weaker races was simply natures way of improving the human species.
(Identification) Muhammad Ali
He was the “father of modern Egypt” and created political and economic reforms. They implement taxing, irrigation, projects, expanded Egypt’s cotton production, and increased Egyptian participation in world trade.