DOUBLE POINTS
What intellectual movement can be considered the catalyst of the EMP.
Humanism
Rousseau believed that education should create ___________ citizens.
Independent
What is the name of the book written by Denis Diderot?
Encyclopédie
What is the name of the system that stops one branch of government from becoming too powerful?
John Locke argued that we are all born as ‘Tabula Rasa’, what does that mean?
Everyone is born with a 'blank slate'
Define Economy and Economics.
Economy: A system of production and exchange
Economics: The study of that system
Markets are split into two groups. What are they?
Producers and Consumers
Buyers and Sellers
Which two revolutions did John Locke influence?
French and American
What are the two driving forces of the price of goods?
Supply and Demand
According to John Locke, what was the purpose of the government?
Locke argued that the purpose of the government is to protect citizens' natural rights.
Finish this statement:
A government of:
Government of the people, by the people, for the people
List three forces that helped shape the Early Modern Period (EMP).
Humanism
Renaissance
Reformation
Scientific Revolution
Age of Discovery
DOUBLE POINTS
Voltaire argued that the government’s powers should be separated into three branches. What are they?
Judicial
Executive
Legislative
Explain how competition between sellers can drive prices down for consumers.
Sellers will compete for business by lowering their prices. Competition brings down prices and drives innovation.
DOUBLE POINTS
What is ‘divine right’ and why did Enlightenment thinkers not agree with it?
Divine right was the justification that absolute Monarchs used to rule. They claimed that they were chosen by god.
Enlightenment thinkers believed that governments should be chosen by the people they are meant to govern.
Give two examples of absolute Monarchs.
King Louis XIV of France
Philip II of Spain
James I and Charles I of England
Frederik William I of Prussia
DOUBLE POINTS
What kind of rights did John Locke believe all humans have?
John Locke believed that every individual is born with Natural Rights, such as life, liberty, and property.
Belief & Politics
Spinoza fought to protect ____________&____________.
Freedom of thought and speech
List the stages of the Enlightenment.
Early
Mature
High
Late
What are some things that Voltaire fought (not physically) against?
Fanaticism
Intolerance
Unreason
Supersition
Censorship
What happens to prices when supply is high and demand is low?
Prices decrease as there is not a lot of demand for what is being sold.
What happens to prices when supply is low and demand is high?
Prices increase because there is a limited supply of that product
DOUBLE POINTS
What is the definition of an Absolute Monarchy?
An absolute monarch is a king or queen who is responsible for all aspects of government. No power or authority shared with anyone else.
How is market equilibrium achieved?
Market equilibrium happens when supply meets demand