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Money that is used for investment.
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| A central location where goods are manufactured on a large scale |
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| A company with business dealings in many different areas. |
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| The manufacturing of products on a large scale, usually through the use of machines. |
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A political system where the means of production are controlled by the workers and all things are shared evenly. Socialist policies provide for government funding of many basic needs such as food, shelter, and medical care.
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| (1820-1895) German socialist and co-author of The Communist Manifesto. |
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| (1807-1882?) Military leader whose Red Shirt army liberated most of southern Italy, before conquering the northern section. He was instrumental in the unification of Italy. |
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A change in farming methods that allowed for a greater production of food. This revolution was fueled by the use of new farming technology such as the seed drill and improved fertilizers. The result of this revolution was a population explosion due to the higher availability of food. It was one of the causes of the Industrial Revolution.
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| This was an economic philosophy begun by Adam Smith in his book, Wealth of Nations, that stated that business and the economy would run best with no interference from the government. This economic system dominated most of the Industrial Revolution. |
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| The movement of people to urban areas in search of work |
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| A social theory which states that the level a person rises to in society and wealth is determined by their genetic background. |
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| An economic system based on the private ownership of the means of production and distribution of goods. Also promotes a free market regulated by supply and demand. |
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| Term given to the working class people in society |
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| (1810-61) Prime Minister of Sardinia, a large Italian State. He formed alliances with other foreign powers to help end Austria's and Spain's control. Instrumental in the unification of Italy. |
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| a german leader or king/emperor |
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| In the second half of the 19th century, it was the fundamental change in the way goods were produced through the use of machines, capital, and the centralization of work forces in factories. It completely altered the social, economic, and political structure of most of Europe, Japan, and the United States. |
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| a middle class leader who wnted to give more political power to parlement |
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| one who takes risks in business |
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| the resorses including land, and labor that are needed to produce goods |
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| Protecting the traditional monarchys in Europe, usually by wealthy property |
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| People from utopia, utopia meaning "no place" |
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Tough power politics with no room for idealism |
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| Workers would join together in voluntary labor to press for reforms |
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| Strongly conservative members of prussions wealthy landowning class |
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| (1723-1790) British philosopher, writer, and economist. His book, The Wealth of Nations, describes his theory on free trade, otherwise known as laissez-faire economics. |
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| A book written by Karl Marx and Friedrich Engels that describes the new political system of scientific socialism, which becomes the basis for communism. The book states that all of human history is based on the conflict between the bourgeoisie (those who own the means of production) and the proletariat (working class), and predicted that the proletariat would rise up in a violent revolution to overthrow the bourgeoisie and create a society with an equal distribution of goods and services. |
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| (1805-1872), Nationalistic leader in Italy, who started a group called Young Italy in 1831. Young Italy was a nationalistic movement that wanted to end foreign control of Italy. |
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| (1815-1898): a German Statesman |
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