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Stufflet Euro U3P2

U3 P2 Euro

TermDefinition
Agricultural Revolution term for changes that resulted in an increase in food supply in the 1700s
fallow portion of an agricultural field that lay unused each year
enclosure movement created privately owned pieces of land that were farmed with latest technology and methods
market-oriented agriculture growing food for a profit as opposed to feeding only one's family
rural proletariat non-landowners who were forced off farms and had to look for other ways to make a living
domestic industry before the factory system, this was the process of producing (usually textiles) in one's home
Charles Townshend promoted the use of turnips to replenish the soil with nutrients
Thomas Malthus stated that population would always grow faster than food supply, resulting in demographic catastrophes
David Ricardo claimed that population growth would always drive wages to subsistence levels
mercantilism economic system of state intervention whose goal was to enrich the mother country and therefore increase state power
Navigation Acts regulations on foreign trade within the English/British empire; meant to enrich the mother country
Seven Years War mercantilist war primarily between Britain and France; France lost Quebec and India
Middle Passage portion of the mercantilist triangular trade that shipped slaves from Africa to the New World;
economic liberalism economic system that called for limited state intervention
laissez faire term that referred to the idea that governments should not intervene in the economy; from the French "let it be"
Adam Smith argued against mercantilism and state intervention in the economy in his book The Wealth of Nations
Battle of Vienna stopped the Ottoman advance into Europe in 1683; also resulted in introduction of coffee into central Europe
War of Spanish Succession 1701-1714 war that threatened balance of power; Louis XIV's attempt to take over Spain
Poland country that was partitioned three times in 1700s; disappeared from map until 1919
Created by: stufflsb
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