Unit 12 Flashcards Preview

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Flashcards in Unit 12 Deck (22):
1

tax on an imported good whose purpose it is to protect domestic industry

tariff

2

an institution that manages a country's currency, money supply, and interest rates

central bank

3

invented spinning jenny

James Hargreaves

4

invented the water frame

Richard Arkwright

5

improved the steam engine

James Watt

6

invented the first effective locomotive called The Rocket

George Stephenson

7

British engineer most known for building Britain's railway network

Isambard Kingdom Brunel

8

British Romantic painter; painted Rain, Steam, and Speed

J. M. W. Turner

9

an industrial fair in London whose purpose it was to display Britain’s industrial power

The Great Exhibition of 1851

10

centerpiece of the Great Exhibition of 1851

Crystal Palace

11

wrote Essay on the Principle of Population (1798); said population would always grow faster than food supply

Thomas Malthus

12

said population growth would always mean that wages would sink to subsistence levels

iron law of wages

13

his main idea was the iron law of wages

David Ricardo

14

he promoted a customs union without tariffs for German member states, BUT high tariffs on imported goods

Franz List

15

term for well off middle-class

bourgeoisie

16

term for working class

proletariat

17

workers who destroyed machines that they said were taking their jobs

Luddites

18

wrote The Condition of the Working Class in England which said capitalism and competition brought poverty and exploitation to workers

Friedrich Engels

19

limited 9-13 year olds to 8 hours a day; 14-18 year olds to 12 hours a day

Factory Act of 1833

20

British law that outlawed unions; largely ignored

Combination Acts of 1799

21

British labor movement that demanded universal manhood suffrage

Chartism

22

ideology that promotes more equal distribution of welath

socialism