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Industrial Rev.
Modern World History
| Question | Answer |
|---|---|
| What is Urbanization? | Mass movement of people to a city |
| What is Mercantilism? | Shared wealth and a fixed amount of wealth |
| What is specialization? | Particularly good in a specific way and the spreading your service to make wealth |
| What is sociallism? | Property is shared and the property is controlled by the government/state |
| What is communism? | government in control of wealth distribution and take wealth from the rich |
| Who are the Bourgeoisie? | middle class who owns most of the society's wealth and or population |
| Who are the Proletariat? | Lowest/working class people |
| Describe the definition of union | Workers who joined together to fight for a common purpose or cause |
| What are the factors of production that allowed industrialization to start in Great Britain? | Land (natural resources), Labor (work force), and capital (skills +money) |
| How did working and living conditions change during the first phase of industrialization? Name the reforms that took place. | People became sick, the crime rate was high, and it was crowded and highly polluted. Reforms: Mandatory public education, child labor laws, and 8 hour work days |
| Why was Great Britain able to have enough capital and natural resources to start industrialization? | They were surrounded by water so they had steam (resources), manpower, and they were in a good location. |
| What is the difference between the first and the second phases of industrialization? | 1st phase: Great Britain 2nd phase: United states and Germany (biggest industrialization) |
| Who is Karl Marx? | economic thinker who wrote about a radical form of government known as communism. He believed in the : "communist manifesto". He wanted equality for the poor and radical social change for everyone. |
| Who is Adam Smith? | "Wealth of the nation" create wealth through specialization and the lassiez - fairre system and public works |
| How did the society change? | There was a large working class that created jobs leading to the wealth of the nation. It also has increased the production of the materials. |
| How did the agricultural revolution contribute to the industrial revolution? | Humans industrialized farming to produce greater crop yields with less workers working. |
| How did industrialization affect the way we think about economics? | They had seen more goods made in less time. There was also a increase in income. |
| Compare mercantilism and capitalism | Mercantilism - Heavy government power and fixed wealth Capitalism - no government power and unfixed amount of wealth |
| Compare socialism,communism, and capitalism | Communism - is a more political and a stricter version of socialism. Capitalism- isn't strict at all and the opposite of communism |
| what is capitalism? | Laissez- fairre system, no government control, and no fixed wealth |
Created by:
natalie07
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