Before Liberalism
What economic system dominated Europe before classical liberalism?
What is mercantilism?
Who said, “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner…”?
Who is Adam Smith?
What were 19th-century entrepreneurs mainly focused on?
What is mass-producing goods and earning profit?
What did the Factory Act of 1833 ban for children under nine?
What is factory labor?
Which liberal principles are the focus of your presentation?
What are economic freedom, private property, and self-interest (or competition)?
Under mercantilism, who controlled trade, tariffs, and monopolies?
Who is the monarchy or the government?
What liberal principle does Adam Smith’s quote mainly represent?
What is self-interest (or economic freedom)?
What negative effect did laissez-faire policies have on workers?
What is poor working and living conditions?
How many hours per day could children aged 9–13 work under the Factory Act?
What is 8 hours a day (or 48 hours a week)?
How did classical liberalism contribute to industrialisation?
What is by promoting innovation, investment, and competition?
Why was entrepreneurship difficult under mercantilism?
What is because government restrictions limited innovation and private business ownership?
William Leggett argued the government should only protect life and property. What principle does this support?
What is limited government or economic freedom?
What did the “Rules of a Berlin Factory” reveal about industrial liberalism?
What is strict factory discipline and loss of worker freedom?
What did the Factory Act require for children under 13?
What is two hours of elementary schooling per day?
What social inequality emerged as a result of classical liberalism?
the gap between rich factory owners and poor workers?
Who believed wages should be left to “the fair and free competition of the market”?
Who is David Ricardo?
In the political cartoon “The Protectors of Our Industries,” what were the rich men sitting on?
What are bags of money labeled with their millions?
What principle of liberalism was challenged by the Factory Act’s regulation?
A: What is economic freedom (limited for social welfare)?
How did laws like the Factory Act influence later labor reforms?
What is they inspired movements for fair pay and better working conditions?
Andrew Carnegie’s “survival of the fittest” idea connects to which liberal principle?
What is competition?
Why did factory rules and conditions eventually cause social movements?
What is because harsh working environments and inequality led to worker unions and strikes?
The Pullman Strike showed what danger of private property under liberalism?
What is complete company control over workers’ homes and lives?
Overall, how can we rate the impact of classical liberalism on entrepreneurs and society?
What is +2 to +3 — positive for innovation and growth, but negative for workers’ welfare?