Unit 2 (Chapter 3-5) Flashcards
(77 cards)
Principles of Individualism (6)
- The Rule of Law
- Individual Rights and Freedoms
- Private Property
- Economic Freedom
- Self-interest
- Competition
Principles of Individualism
1. The Rule of Law
Every individual is equal before the law
Principles of Individualism
2. Individual Rights and Freedoms
An important feature of liberal democracies including freedom of religion, freedom of association and right to life, liberty and security
Principles of Individualism
3. Private Property
Something owned by an individual, a house, clothes etc
Principles of Individualism
4. Economic Freedom
The freedom to buy what you want and to sell your labour, product or idea to whomever you wish
Principles of Individualism
5. Self-Interest
One’s personal interest or advantage
Principles of Individualism
6. Competition
The act of competing with others (many different companies selling different things)
What is free market?
An economic system with limited government intervention. Individuals make choices in their own self-interest
What are the principles of Classical Liberalism? (6)
- Rule of Law
- Individual Rights and Freedoms
- Private Property
- Economic Freedom
- Self-interest
- Competition
What were the enclosure acts and what did they result in?
Forced farmers to build fences around their property, resulting in the elimination of many small farms
What is Laissez-faire?
Letting things take their own course. “Leave it alone” government doesn’t interfere in free market
What was the Industrial Revolution?
Transition in Britain from an agricultural and mercantile society to a modern industrial society
Define Capital
Money
Define Nouveau Riche
Newly wealthy
What were the ideas of Thomas Hobbes?
Believed a strong central authority was needed to help keep people in line; without it, life (not people) would be “nasty, brutish and short”
Ideas of John Locke on why people should form the government:
He believed people had the right to use their reason and logic to make decisions for themselves. People don’t need to rely on others to make decisions they can make for themselves
Ideas of Montesquieu on his reason for 3 branches of government: (4)
- he believed in the equality of individuals
- he believed in the accountability of the government
- he believed in democracy and that each citizen needed to participate and be aware of the laws of the government
- he believed in the 3 different branches of government so that no one branch could dominate
Ideas of John Stuart Mill on the limitations that he thought should be placed on individuals (2)
- he believed in the protection of the individual and their freedoms
- he believed individuals should be free to act in whatever manner they want as long as it doesn’t harm others
3 factors that led to the Industrial Revolution
- Britain was an island, so they developed a strong navy for protection of the island and for the sea trade.
- Power was shared between the king and parliament
- The enlightenment thinkers were sharing their ideas about the primacy of human reason, human initiative, and individual worth.
Ideas of Adam Smith (2)
- individuals need to be given freedom to make their own decisions
- individuals’ selfishness and competitiveness will improve their societies
What was the “Wealth of Nations”
Adam Smith’s book that described the invisible hand theory and how it would benefit society
Smith’s Invisible Hand
The theory of the invisible hand: by having every individual look after his/her own best interest, he/she unwittingly ends up helping everyone else by providing jobs and cheaper products
Causes of the French Revolution (3)
- there had been several crop failures, droughts and floods
- government was bankrupt due to many wars and overspending
- the rigid class system society
Ideas of the Declaration of the Rights of Man and of the Citizen (5)
- Men are born and remain free and equal
- The purpose of the government is to protect people’s liberty, property, security, and resistance to oppression
- All citizens are equal before the law and have the right to participate in government
- Liberty is permitted as long as one’s actions do not harm others
- Freedom of speech and freedom of the press are essential