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30 Cards in this Set
- Front
- Back
Thomas Malthus
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wrote books on population that shaped economic thinking for generations
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John Stuart Mill
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Benthams' chief follower who also argued that actions are right if they promote happiness and wrong if they cause pain
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Utopians
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self sufficient communities in which all work is shared and all property is owned in common
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Karl Marx
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a german philosopher who condemned the ideas of the Utopians as an unrealistic idealism
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Utilitarianism
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the idea that the goal of society should be the greatest happiness for the greatest number of its citizens
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Socialism
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system in which the people as a whole rather than private individuals own all property and operate all businesses
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Means of Production
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the farms, factories, railways, and other large businesses that produced and distributed goods
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Communism
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a form of socialism that sees class struggle between employers and employees as unavoidable
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Proletariat
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working class
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Bessemer Process
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a process developed by Henry Bessemer to purify iron ore and produce a new substance known as steel
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Alfred Noble
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a Swedish chemist who invented dynamite
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Michael Faraday
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an English chemist who created the first simple electric motor and the first dynamo
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Thomas Edison
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an American inventor who created the first electric light bulb
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Henry Ford
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use the assembly line to mass produce cars, making the U.S. a leader in the automobile industry
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Orville and Wilbur Wright
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designed and flew a flimsy airplane
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Guglielmo Marconi
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an Italian pioneer who invented the radio
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Alfred Krupp
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inherited a steel making business from his father
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Dynamo
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a machine that generates energy
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Interchangeable parts
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identical components that could be used in place of one another
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Assembly Line
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production method that breaks down a complex job into a series of smaller tasks
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Stock
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shares in companies
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Corporation
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businesses that are owned by many investors who buy shares of stock
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Cartel
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an association to fix prices
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Louis Pasteur
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a French chemist who clearly showed the links between microbes and disease
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Robert Koch
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A German doctor who identified the bacteria that caused tuberculosis, a respiratory disease
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Florence Nightingale
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a British army nurse who insisted on better hygiene in field hospitals
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Joseph Lister
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An English surgeon who discovered how antiseptics prevent invection
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Germ Theory
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idea that certain microbes might cause specific infectious disease
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Urban Renewal
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rebuilding of the poor areas of a city
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Mutual Aid Society
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self help group set up to aid sick or injured workers
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