Industrial
Great increase in machine production that began in England in the 18th century
Building where goods are made. Daily Double (The Team that picked this chooses 1 team to answer. Can't be themselves)
Factory
Business owned by stockholders who share in its profits but are not responsible for its debts
Corporation
Belief that businesses should be owned by society as a whole
Socialism
Control by a strong nation over a weaker nation. (Daily Double for team in last).
Imperialism
Large closed-in field for farming. (Daily Doube)
Enclosure
Person who organizes, manages, and takes on the financial risk of a business enterprise
Entrepreneur
Economic theory that argues that governments should not interfere with business affairs
Laissez Faire
Economic thinker who wrote about a radical form of socialism
Karl Marx
Belief that one race is superior to others
Racism
Planting a different crop in a different field each year
Crop Rotation
City building and the movement of people to cities
Urbanization
Philosopher who defended laissez-faire economics
Adam Smith
Form of socialism in which all production is owned by the people (Wager up to half points)
Communism
Use of Charles Darwin’s ideas about evolution to explain human societies
Social Darwinism
Process of developing machine production of goods
Industrialization
A social class of skilled workers, professionals, business people, and wealthy farmers
Middle Class
Economic system in which people invest money to make a profit
Capitalism
Organized groups of workers that bargain with business owners to get better pay and working conditions
Union
Meeting at which Europeans agreed on rules for colonizing Africa
Berlin Conference
Conditions needed to produce goods and services
Factors of Production
Right of ownership in a company called a corporation. (The Team that picked this chooses 1 team to answer. Can't be themselves)
Stock
Belief that an idea is only as good as it is useful
Utilitarianism
Organized refusal to work
Strike
Complete set of laws set up by Napoleon that eliminated many injustices
Napoleonic Code