Economic Systems
Inventors of the IR
Economic People
Art of the IR
Second IR Vocab
1

This system says that the government should make the most amount of people happy. 

Utilitarianism 

1

An inventory known for creating devices like the light bulb

Thomas Edison 

1

Proposed laissez faire economy during the Enlightenment ad supported capitalism 

Adam Smith

1

Art style that shows everyday life realistically and often focuses on ordinary people and situations.

Realism 

1

A system where a product is built step-by-step as it moves along, with each person working on a separate task 

Assembly Line 

2

This system says that the government should be a classless, moneyless, and stateless society where the community owns all resources.

Communism 

2

Brothers who developed the first airplane 

Wright Brothers

2
Wrote the Communist Manifesto, which stated that the workers would eventually overthrow the factory owners 

Karl Marx

2

Art style that focuses on emotion, imagination, nature, and individual feeling rather than reality.

Romanticism

2

When one company controls an entire market with little or no competition

Monopoly

3

This systems says that the government should fix the problems by intervening and providing services to those in need, especially the working class. 

Socialism 

3
An inventory who created a cheaper and faster way of making steel

Henry Bessemer

3
Wanted to create the perfect Utopian society with foundations of socialism. Was also a factory owner.

Robert Owen

3

Art style that expresses strong emotions, like anxiety, by distorting or exaggerating reality with confusing landscapes and colors

Expressionism

3

The process of improving or rebuilding parts of a city, such as building up the police force, adding better homes, and adding sewage systems

Urban Renewal

4

"I used my first shop's profits to buy out rivals and hire more workers; I keep the profits to help my business grow." Which system is this? 

Capitalism 

4

A scientist who discovered that germs caused disease and helped develop vaccines for anthrax and rabies

Louis Pasteur 

4

Believed in the Greatest Happiness Principle and that the government should create laws that bring good to the majority of society. 

Jeremy Bentham 

4

Art style that captures moments in time, especially light and reflection, often painted outdoors with visible brushstrokes.

Impressionism 

4

The idea that microorganisms cause many diseases

Germ Theory

5

"In our village, the town leaders take all of the  wood that was harvested from the forestry by workers and hands it back to the families who need resources."

Socialism 

5

An inventor who developed early radio technology 

Guglielmo Marconi 

5

Said that people should stop having as much children to prevent overpopulation. Also believed that the population would sort itself out because of food shortages and starvation. 

Thomas Malthus 

5

Art style that builds on another kind but uses stronger colors and more structure, often focusing on using dark colors against bold ones

Post-Impressionism

5

A method for making steel quickly and cheaply by blowing air through molten iron

Bessemer Process