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Classical Lib 1
Review - Emergence of Classical Liberalism
Definition | Term/Concept/Person |
---|---|
Economic system which emphasizes leaving people alone to do as they wish | Laissez–faire |
Name of treatise written by Adam Smith | The wealth of Nations |
Two revolutions that put classical liberal political thought to paper | American Revolution and French Revolution |
Name of the revolution that put classical liberal economic though into action | the Industrial Revolution |
Name of the movement that displaced farmers from their lands | Enclosure |
Dominant economic system that emerges | Capitalism |
Nation that was first to industrialize | Great Britain |