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WHAP Ch. 9 Vocab
| Term | Definition |
|---|---|
| Industrial revolution | the transition from creating goods by hand to using machines |
| Steam engine | coal fired machine that provided almost limitless power beyond natural resources |
| Middle class | Social class composed of small businessmen, doctors, lawyers, engineers, teachers, and other professionals required for industrial society |
| Ideology of Domesticity | Idea that women were for home making/chores while men worked jobs |
| Laboring class | Working in factories or as a wage laborer, the pay allows one to survive but not much else |
| Karl Marx | founder of modern communism |
| Labor party | A political party formed to represent the interests of ordinary working people |
| Proletariat | Marx's term for the mass of workers |
| Russian revolution 1905 | Granted a constitution, legalized both trade unions and political parties, permitted election of national assembly |
| Caudillos | Independent leaders who dominated local areas by force in defiance of national policies |
| Mexican revolution | Armed rebellion in which the Mexican people fought for political and social reform |
| Second industrial revolution | Steel, chemicals, electricity in the 1860's |
| Labor unions | an organized group of workers formed to protect and further their rights |
| Transnational Business | Business organizations that operate internationally with production facilities in more than one country |
| United fruit company | U.S. corporation that controlled the banana trade in much of Latin America |
| Adam smith | scottish economist who wrote the Wealth of Nations a precursor to modern Capitalism |
| John Stuart Mill | English philosopher and economist remembered for his interpretations of empiricism (learning from experience) and utilitarianism(right from wrong based on outcome) |
| Classical Liberalism | philosophy of protection of individual rights and liberties by limiting government power |
| Laissez-faire capitalism | an economic system in which the means of production and distribution are privately owned and operated for profit with minimal or no government interference |
| Export economy | most goods are produced for export rather than for domestic use |
| Industrial economy | most goods are made by machines and in factories |
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danlop0435
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