World History - Unit 7 Flashcardzizz

Front

What is capitalism, the economic system that emerged during the Industrial Revolution?

Back

A system where the means of production are privately owned

Front

What does laissez-faire refer to, a policy supported by thinkers like Adam Smith during the 18th century?

Back

Minimal government interference in economic affairs

Front

Define industrialization, the process that transformed economies during the Industrial Revolution.

Back

The development of factories and machine-based production

Front

What is a proletarian, a term used by Karl Marx to describe members of society?

Back

A member of the working class

Front

What is mercantilism, the economic policy European nations adopted during the Age of Exploration?

Back

The idea that colonies exist for the benefit of the mother country.

Front

What are tariffs, a tool frequently used during the 19th century to protect national industries?

Back

Taxes on imported goods

Front

What is a colony, a structure commonly established by European powers in Africa and Asia during the 19th century?

Back

A territory controlled and exploited by another country

Front

Define imperialism, a policy pursued by European nations during the late 19th century to expand their empires.

Back

The extension of a nation's power over other lands.

Front

What is a monarchy, the form of government used by countries like Britain and France before the modern era?

Back

A form of government with a king or queen as the head

Front

What is nationalism, a belief that grew in the 19th century and fueled independence movements?

Back

Loyalty and devotion to a nation