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3 Cards in this Set
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- Back
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Laissez-Faire
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Adam Smith (1815- 25)
the theory or system of government that upholds the autonomous character of the economic order, believing that government should intervene as little as possible in the direction of economic affairs. |
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Protestant Reformation
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(early 1500s) - the European Christian reform movement which protest against the catholic church led by Martin Luther that established Protestantism as a constituent branch of Christianity. Spread by Martin Luther's 95 Thesis. Catholic Church's loss of power, led to counterreformation - changes to Catholic Church, established Protestant movement.
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Proletariat
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(Early 20th Century) is a term used to identify a lower social class Originally it was identified as those people who had no wealth other than their children. Relevant in Marxist theory, class of a capitalist society that does not have ownership of the means of production and whose only means of subsistence is to sell their labour power for a wage or salary. Wage worker.
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