Term
| greater informational resources and larger population |
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Definition
| factor that kept the industrial rev. going |
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Term
| changing attitudes toward innovation |
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Definition
| factor that kept industrial rev. going |
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| the rise of modern science |
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Definition
| factor that kept ind. rev. going |
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Definition
| factor that kepth the industrial rev. going |
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Definition
| factor that kept the industrial rev. going |
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| higher standards of living |
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Definition
| factor that kept the industrial rev. going |
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Term
| when and where did the industrial revolution begin? |
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Definition
| england 18th century 1760-1830 |
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Term
| why did productivity increase during the industrial rev. |
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Definition
| invention of new machines |
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Term
| limiting the liabilty of stockholders to the investment itself stimulating the Flow of capital into a new form of enterprise. |
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Definition
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Term
| cheif form of economic activity prior to the industrial revolution |
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Definition
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Term
| believed that the evils in society came from the institution of private owned property |
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Definition
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| the revolution in technology has involved these 3 critical innovations |
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Definition
| new energy, new machines, new materials |
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Term
| socialists should seek power by democratic means and after coming to power let other parties compete freely. |
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Definition
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| argue that failure to practice political democracy subverts the nature of socialism |
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| caused by a powerful set of social forces |
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Definition
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| this phase of the industrial revolution brought about new machines that use new sources of energy |
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Definition
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Term
| the steam engine, railroads, and steam ships (most important developments of industrial rev.) were invented during this phase |
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Definition
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Term
| the airplane, telephone, electricity, radios, and movies were invented during this phase of the industrial revolution |
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Definition
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Term
| the current phase of the industrial revolution. the information age |
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Definition
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Term
| distribution of income in industrial societies |
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Definition
| varies between societies, in some it is more equally distributed |
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Term
| cheif determinant of income for industrial societies |
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Definition
| occupational stratification |
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Term
| institutionalized set of answers to questions of how a society should be governed |
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Definition
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Term
| the basic economic resources of a scoiety should be the common prpoert of all its members, and used for the benefit of all |
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Definition
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Term
| basic choices among economic alternatives are made by tiny political elite |
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Definition
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| producers freely exchange what they produce for goods and services produced by others |
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Definition
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| an inquirt in the nature and causes of the wealth a of nations |
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| stated that the intervention of government into the economic life of a society retards growth and growth |
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Definition
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| productions are owned in common,rather than individuals |
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Definition
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Term
| what is the most striking characteristics of the economies of industrial societies? |
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