Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
11 Cards in this Set
- Front
- Back
|
What is Socialism? |
A political and economic theory of social organization that advocates that the means of production should be owned or regulated by the community as a whole |
|
|
Define Reform |
To make changes in order to improve something |
|
|
What is Capitalism? |
Trade industries are controlled by private owners for private, rather than by the state |
|
|
Communism Definition |
A term coined by Karl Marx. In which all property is publicly owned and each person works and is paid according to their needs and abilities |
|
|
Who is Robert Owen |
He was an Utopian socialist. He improved working conditions in factories and mills. He opened schools for children and didn't allow them to work in the mill when they were young. |
|
|
Co-operation- Social studies Definition |
Working or acting together, willingly for a common purpose or belief |
|
|
What is mercantilism? |
The belief that in the benefits of profitable trading. Also known as commercialism. The system was based on the understanding that a nations wealth and power were best served by increasing exports and collecting precious metals, such as gold and silver. This is something that the government ran |
|
|
Who is Adam smith and what did he do? |
Adam smith was considered the Father of Capitalism. He was the inventor of the free market and advocated against mercantilism. He wrote "The wealth of Nations'' and also coined the term "Laissez-Faire" meaning "hands off" |
|
|
Individualism definition |
The social theory that advocating the rights, liberty or independent action of the individual self. Characteristics of the 19th century liberalism |
|
|
Collectivism Meaning |
The practice or principal of giving a group priority over each individual in it. Characteristic value of the 19th century conservatism and socialism |
|
|
Welfare State definition |
A country where there are a lot of social programs that help out citizens. |
