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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 |