Industrial Revolution Cartoons Flashcards

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Questions and Answers

What is capitalism?

Economic system that only exists in theory

Economic system without any government intervention

Economic system where the government owns all businesses

Economic system where most businesses are privately owned (correct)

Define socialism.

Economic system where society (usually government) owns and/or controls some means of production and distribution of resources.

What is communism?

An economic and political system in which the state or community owns all property and means of production, sharing wealth among citizens.

What is a trade union?

Association of trade workers formed to gain higher wages and better working conditions. Signup and view all the answers

What does it mean to strike?

To refuse to work in order to force an employer to meet certain demands. Signup and view all the answers

Who is referred to as the proletariat?

The working class. Signup and view all the answers

Define bourgeoisie.

The middle class, including merchants, industrialists, and professional people. Signup and view all the answers

What is labeling in cartoons?

A cartoon technique that puts words on people or objects to clarify what they represent. Signup and view all the answers

What is irony?

A contrast between what one expects and the reality. Signup and view all the answers

Define analogy.

A comparison of two different things that are similar in some way. Signup and view all the answers

What is exaggeration in cartoons?

Technique that overdoes physical characteristics of people or things to make a point. Signup and view all the answers

What is symbolism?

Using simple objects to stand for larger concepts. Signup and view all the answers

What is competition in capitalism?

An element of capitalism that helps produce higher quality products and keeps prices lower. Signup and view all the answers

Who is Karl Marx?

A German philosopher who wrote the Communist Manifesto and Das Kapital; promoted a classless society. Signup and view all the answers

Who is Adam Smith?

A British economist who wrote The Wealth of Nations, a precursor to modern capitalism. Signup and view all the answers

What does Laissez-faire mean?

Term that means government should play as small a role as possible in economic affairs. Signup and view all the answers

Study Notes

Economic Systems

Capitalism: A system characterized by private ownership of businesses, emphasizing profit generation and competition.
Socialism: Economic framework where society or government controls means of production and resource distribution, aiming for equal access.
Communism: An extreme form of socialism advocating collective ownership of property, aiming for wealth sharing among all citizens.

Labor Movements

Trade Union: Organization formed by workers seeking improved wages and working conditions, providing collective bargaining power.
Strike: A form of protest where workers refuse to work to compel employers to meet specified demands.

Class Distinctions

Proletariat: The term used by Karl Marx to refer to the working class, primarily laborers in industrial settings.
Bourgeoisie: The middle class, encompassing merchants, industrialists, and professionals who own production means and capital.

Cartoon Techniques

Labeling: A technique in cartoons that uses words to clarify meanings of characters or objects, enhancing viewer understanding.
Irony: Represents a stark contrast between expectations and reality, often used to convey deeper truths or critiques.
Analogy: A comparative technique that identifies similarities between dissimilar things to illustrate a point or idea.
Exaggeration: A method that amplifies physical traits for comedic or emphatic effect, often seen in political cartoons.
Symbolism: Utilizes simple objects to represent larger concepts, enabling complex ideas to be communicated succinctly.

Economic Principles

Competition: A vital component of capitalism driving innovation, enhancing product quality, and maintaining competitive pricing.

Key Figures

Karl Marx: German philosopher advocating for a classless society, author of "Communist Manifesto" and "Das Kapital," which critique capitalism and highlight inequality.
Adam Smith: British economist known for "The Wealth of Nations," his ideas laid the foundation for modern capitalism, promoting minimal government intervention (Laissez-faire).

Economic Philosophy

Laissez-faire: An economic principle advocating minimal governmental interference in markets, supporting free-market capitalism as envisioned by Adam Smith.

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Description

Test your knowledge of key economic systems such as capitalism, socialism, and communism with this set of flashcards. Each card provides a definition that will help you understand these pivotal concepts that shaped the Industrial Revolution. Perfect for students and history enthusiasts alike!