Capitalism
What is the definition of Capitalism?
The free exchange of goods and labor.
Who was the philosophical founder of Communism?
Karl Marx
Men who destroyed factories were called?
Luddites
The population of Europe during the industrial revolution?
Grew
Child
Adam Smith helped created factories by inventing the idea of?
Division of Labor
Who supported Karl Marx while he was working?
Friedrich Engels
Employers preferred children to?
Adults
Goods became ___________ during the Industrial Revolution.
Cheaper
Define union.
An organization formed by workers to win and protect workers' rights.
Adam Smith believed that the hand that guided the economy was?
Invisible
Where did Karl Marx spend all of his time while in London?
The British Library
Children were often __________ while working in factories.
Injured
Many women were ___________ during the Industrial Revolution.
Benefited
Define strike.
A temporary work stoppage organized by workers as a protest.
Mercantilism can be defined as?
An economic system that aims to increase a country's wealth and power by controlling trade and people.
Marx thought that workers would get?
Poorer and poorer
What is the definition of a slum?
A crowded city neighborhood where buildings are in bad condition; often used to refer to areas where poor people live.
Some people grew very _____________ during the Industrial Revolution.
Wealthy
Machines were invented which were powered by?
Electricity
What is one reason the government gets involved in the free market?
They try to keep people from cheating each other
Marx believed that there would be a dictatorship of the?
Proletariat
What is the definition of malnutrition?
A state of poor health due to not having enough healthy food.
Many workers were paid better in _____________ than at farms.
Factories
In the US the ___________ gin was invented.
Cotton