INDUSTRIAL REVOLUTION 1
Who wrote novels describing the hard life of many people in England in the 1800s?
Charles Dickens
After 1500, Europe’s population.......
Grew larger
a rise in prices and a fall in the purchasing value of money
Inflation
money paid to an organization to become a member of that organization
Dues
a jail for people who could not pay money they owed
Debtors prison
What is a strike?
a protest in which workers agree to stop working
What did Robert Owen try to establish?
A perfect community
false or exaggerated information that is spread to encourage belief in a certain person or idea
Propaganda
the amount of goods and services available to buy compared with the amount that people want to buy
Supply and demand
idealistic; usually describes beliefs about the perfect society
Utopian
Communism aimed to abolish:
Private property
Which was not a problem for factory workers living in cities?
too much money to spend
the organization of society around an economy based on the use of machines and factories
Industrialism
a person who puts money into a business with the goal of later making a profit
Investor
During the Industrial Revolution, the gap between rich and poor.......
increased
What is mercantilism?
A country can grow rich by controlling trade.
What were the Luddites most famous for?
destroying factories and machines
in the early 1800s, a person who protested against industrialization by destroying machines and factories; today, the word refers to someone who is opposed to new ideas or technologies
Luddites
an economic system in which resources and businesses are privately owned and prices are not controlled by the government
Capitalism
Why did Marx say money and the ability to make money was the most important thing in life?
People with money determined how everything was done in the government, education, healthcare, and working conditions
What was Karl Marx’s goal?
Absolute equality
Why did early factories hire children?
a) They could be paid less than adults.
b) They were easy to replace.
c) They did dangerous work that adults refused to do.
d) all of the above
a philosophy that calls for very little or no government involvement in the economy
Laissez-faire
_the upper or wealthy middle class; the people who owned the means of production, or what Karl Marx called “the haves”
Bourgeoisie
Which invention(s) helped people make cloth faster and more easily?
a) spinning jenny
b) water frame
c) cotton gin
d) all of the above