Social 30 Chapter 2: Exploring Individualism

An ideology which focuses on the role of the individual in relation to society and emphasizes the values of competition, freedom, and self-interest/self-reliance

• Individualism and culture
• Social Expressions of Liberalism
• Individualism
• Rule of Law

An ideology stemming from individualism during the renaissance that centers around the importance of individual liberty; a push and pull between government intervention to support freedom and individuality.

• Liberalism
• Describe the social aspect of liberalism
• Self-Interest
• Describe the political aspect of liberalism

The rights associated with personal liberty, such as freedom of religion and association, and the right to life, liberty, and security of the person; a key value of individualism and an important feature of a liberal democracy

• Laissez-Faire
• Liberalism
• Individual Rights and Freedoms
• Social Contract

An understanding (written or not) in which citizens agree to be governed so that they may gain the benefits of that society

• Individual Rights and Freedoms
• Democracy
• Economic Freedom
• Social Contract

The idea that the law itself, not any individual, has the greatest power, and all individuals are subject to it.

• Economic Freedom
• Laissez-Faire
• Classical Liberalism
• Rule of Law

An economic system that works under the ideas that a country should export more than it imports, accumulate wealth in gold and silver, and protect its economy by taxing imports

• Mercantilism
• Individualism and culture
• Laissez-Faire
• Describe the political aspect of liberalism

An economic system proposed by Adam Smith in which the price of goods is set by their demand for them, instead of by the government.

• Free-Market Economy
• Mercantilism
• Describe the social aspect of liberalism
• Individualism

A french term coined by Adam Smith used to define a market economy, a system where individuals work for their self-interest, thus benefiting society as a whole.

• Individual Rights and Freedoms
• Free-Market Economy
• Describe the economic aspect of liberalism
• Laissez-Faire

The ability of individuals to act freely as consumers and producers within an economic system.

• Economic Freedom
• Individual Rights and Freedoms
• Self-Interest
• Classical Liberalism

Property owned by citizens instead of by the government to do what they want with and to be free of obligation to share.

• Private Property
• Laissez-Faire
• Liberalism
• Describe the economic aspect of liberalism