Industrial Revolution
This was a period of major industrialization that transformed economies from agrarian and handicraft-based systems to those dominated by machine manufacturing and industry
Industrial Revolution
This is an ideology where people feel deep loyalty and devotion to their nation, united by common culture, language, or history, advocating for self-governance, independence, and prioritizing national interests above others
Nationalism
Where did the Industrial Revolution start?
Great Britain
This was an economic system that relies on investment of capital in machines, and technology that are used to increase production of marketable goods
Industrial Capitalism
This is a political and economic system where the community or government owns or regulates the means of production and distribution, aiming for greater social and economic equality
Socialism
This is a country that has a centralized government that can claim and exercise authority over a distinctive territory and a certain degree of linguistic and cultural homogeneity
Nation-state
Why did the Industrial Revolution begin in Europe?
1. Coal close to the surface in Great Britain
2. Wages were high
How is capitalism a cultural system?
Why is class struggle the key to understanding history by Karl Marx?
1. Humans are social animals
2. Work gives life purpose
What are the two events that led Japan to modernize in the mid 1800s?
1. The Opium Wars
2. The United States arriving with their warships
How did Industrial Capitalism begin?
1. Steam Engine
2. Coal being close to the surface in Great Britian
This was a business entity where multiple investors pooled capital to fund ventures, sharing both the risks and profits through the purchase of shares
Joint Stock Capitalism
According to Karl Marx this is the conflict between different social classes, particularly the bourgeoisie (owning class) and the proletariat (working class), over economic, political, and social power
Class Struggle
What are the downsides to nationalism?
Nationalism thrives on conflict, which will eventually lead to death and destruction
List 5 ways how the Industrial Revolution changed our lives?
Electricity
Eating certain foods all year round
More people living in cities than farms
Cars
Public education
Mass production of goods
Mass production of medicine
Indoor plumbing
This was early form of capitalism centered on trade and commerce, where merchants accumulated wealth by buying goods cheap and selling them for a profit
Mercantile capitalism
1. Work was dangerous
2. Child labor
3. Bad living conditions
4. Long working hours
5. Poor wages
What are the four things that are needed to create a nation-state?
1. Culturally similar people
2. Government
3. Military
4. Public Education