Capitalism
A factory owner produces goods primarily in hopes of earning this.
What is a profit?
Socialism developed partly in response to this problem created or intensified by industrial capitalism.
What is economic inequality?
Industrialization changed many workers from farmers and artisans into people who earned this
What is urbanization?
In capitalism, factories and businesses are generally owned by these people rather than the government.
Who are private individuals/owners?
Marx called the industrial working class by this name.
What is the proletariat?
Industrial production generally made many manufactured goods do this over time.
What is become cheaper/more affordable?
When several businesses try to attract the same customers, this key feature of capitalism is occurring
Marx used this term for the class that owned factories and other means of production.
What is the bourgeoisie?
Rapidly growing industrial cities often experienced overcrowding, pollution, and this public-health problem.
What is poor sanitation/disease?
Prices rising when demand is high and falling when supply is abundant illustrates this capitalist principle.
Marx argued that conflict between these two classes was central to industrial capitalism.
What are the bourgeoisie and proletariat?
Governments eventually responded to industrial working conditions by passing these types of laws.
What are labor/factory reforms?
A worker does not own the factory or usually the goods being produced. Instead, the worker sells this to an employer.
What is their labor?
Marx believed capitalism contained internal conflict because owners sought profit while workers sought better wages and conditions. He believed this conflict would ultimately lead to this.
What is revolution/the overthrow of capitalism?
Industrialization changed many workers from farmers and artisans into people who earned this
What are wages?