Industrialization

philosopher who defended laissez-faire economics

• Karl Marx

• Adam Smith

• John Locke

• Voltaire

economic system in which people invest money to make a profit

• capitalism

• communism

• socialism

• laissez-faire

belief that an idea is only as good as it is useful

• capitalism

• communism

• socialism

• utilitarianism

belief that businesses should be owned by society as a whole

• communism

• socialism

• capitalism

• laissez-faire

economic thinker who wrote about a radical form of socialism

• Adam Smith

• Karl Marx

• Voltaire

• John Locke

form of socialism in which all production is owned by the people

• socialism

• capitalism

• unionism

• communism

organized groups of workers that bargain with business owners to get better pay and working conditions

• corporation

• strike

• union

• entrepreneur

organized refusal to work

• strike

• enclosure

• corporation

• factory

book by Adam Smith that outlined his belief in laissez-faire economics

• Declaration of Independence

• Constitution

• The Wealth of Nations

• The Rights of Man and the Citizen

The Industrial Revolution began in Britain.

• True

• False