Classical Liberalism
This was a phenomenon likely linked to the Enclosure Acts taking away the Common Land, forcing people to find new homes.
Urbanization
Markets influenced by supply + demand (opposite of monopoly)
Competition
What is Public Property?
Considered the founder of Capitalism and Classical Liberalism.
Adam Smith
What was the Industrial Revolution?
Was an increase in production brought about by the use of machines and characterized by massive economic and social changes; predicated by the harnessing of new energy sources (coal & steam engine)
These became popularized as a way of making money. It was also a place to centralize labour and resources, which will soon include machinery.
Factory
The Social Contract reflects which principle?
Rule of Law
What is Common Interest?
Credited for the theory of seperation of powers
Montesquieu
The amount of goods and services a person can afford to buy; it is related to the cost of living.
Standard of Living
This was the title for the concept of "the rich get richer and the poor get poorer".
Belief that if people worked first and foremost for themselves, everyone-including the state-would be better off.
Self-Interest
Individualism promotes competition, but Collectivism prefers . . .
He belived the primary role of the state is to allow the accumulation of private property
John Locke
What is the relationship between Classical Liberalism and the Industrial Revolution
The Industrial Revolution was a Manifestation of Classical Liberal Values
Classical Lib = the playbook
Industrial Rev. = the game
This was the fundamental right that Classical Liberalism was based off of, and was an important principle that John Locke believed very strongly in.
Private Property
"Free Trade is the way to national prosperity" represents which principle?
Economic Freedom
An understanding that we will follow a certain set of rules established collectively.
What is adherence to collective norms?
Who said it "Individuals must voluntarily surrender their individual rights to the state in exchange for security"
Thomas Hobbes
What factors were MOST important in bringing about the emergence of classical liberalism? Name 3
Agricultural Revolution / Age of Imperialism / Increase in Industrialization
This was likely the greatest contributing factor to Great Britain's ability to develop faster than other European nations.
Adam Smith's theory of the invisible hand refers to the ...
tendency of people/markets to act in their own interest
Adam Smith's description of how people working for their own interests can unintentionally benefit society as a whole
When we all pay the same price, or face the same consequences together.
All the world is free, but everywhere we are in chains.
Who is J J Rousseau?
What major political changes occured in Great Britain as a result of the labour movement?
The extension of franchise (right to vote)
Pressure from the labour movement caused the government to extend the franchise (right to vote) to the working classes by the end of the 19th century