Social 30-1 Unit 3

Front 1

Capital

Back 1

laissez-faire, Economic system based on free markets, fair competition, wise consumers, and profit motivated producers,. Minimal government involvement

Front 2

class structure

Back 2

Division of society into different classes of people, often based on wealth or income

Front 3

Enclosure

Back 3

Common land became private (small farmers dispossessed). Basically combined small farms into one large one

Front 4

Enlightenment/age of reason

Back 4

The Enlightenment is the period in the history of western thought and culture, stretching roughly from the mid-decades of the seventeenth century through the eighteenth century, characterized by dramatic revolutions in science, philosophy, society and politics;

Front 5

Humanist

Back 5

believed in the importance of art/literature alongside faith. Reason based. Sought meaning and purpose in love, beauty, art, and bettering oneself

Front 6

Merchantilist

Back 6

Aim of all economic pursuits is to benefit the state's power and wealth

Front 7

Nouveau Riche

Back 7

New, wealthy class of bankers and other professionals, who rose during the industrial revolution

Front 8

Physiocrats

Back 8

Physiocracy (from the Greek for "Government of Nature") is an economic theory developed by a group of 18th century enlightened French economists who believed that the wealth of nations was derived solely from the value of "land agriculture" or "land development" and that agricultural products should be highly priced.

Front 9

Reign of Terror

Back 9

a period of remorseless repression or bloodshed, in particular Reign of Terror, the period of the Terror during the French Revolution

Front 10

Republican

Back 10

republic definition. A form of government in which power is explicitly vested in the people, who in turn exercise their power through elected representatives.

Front 11

urbanization

Back 11

Urbanization is a word for becoming more like a city. When populations of people grow, the population of a place may spill over from city to nearby areas. This is called urbanization. Maybe tall apartment buildings spring up on what had been the outskirts of town, bringing more people there to live and work.