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Modern World exam
flash cards for exam
7
History
9th Grade
05/29/2010

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Cards

Term
factors for industrialization
Definition
-water power and coal
iron ore
rivers
harbors
Term
factors of production
Definition
land, labor, capital
Term
laissez faire
Definition
let industry regulate itself
Term
adam smith
Definition
wrote the wealth of nations
government shouldn't interfere in industry
law of self interest-people work for their own good
competition-forces better products
s&d-enough goods would be produced at low prices to meet demand
Term
Thomas Malthus
Definition
An Essay on the Principle of Population- population increases faster than food supply...
Term
Devid Ricardo
Definition
Principles of political Economy and Taxation
permanent underclass would always be poor
Term
Charles Fourier
Definition
along with Sint-Simon, thought up Socialism
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