Ch. 5 vocabulary

Democracy

• a sudden overthrow of the government

• an group of people in the upper level of society

• the process of eliminating Stalin's more ruthless policies

• governed by the "rule of many" or by the people, either directly or through their elected representatives

capitalism

• to have been forced or to flee from home

• an economic and political system where a country's trade and industry are controlled by private owners for profit, rather than by the state.

• to set up permanently to found

• w

labor

• an organized body that makes laws

• to center attention on

• work performed by people that provides the goods or services in an economy

• manufacture of machines and equipment for factories and mines

capital

• money available for investment

• in the end

• a fuel formed from the earth

• to assure fulfillment of a condition

Entrepreneur

• a person who was an intellectual during the Enlightenment

• a person elected by the people

• a person who seizes sole power

• a person who finds new business opportunities and new ways to make profits

cottage industry

• a method of production to use interchangable parts

• a method of production in which tasks are done by individuals in their rural homes

• a method of production using the steam engine

• a method of production of private farms eliminated and owned by the state

fossil fuels

• a fuel (such as coal, oil, or natural gas) formed in the earth from plant or animal remains

• fuel formed from garbage

• fuel formed from water

• fuel formed from corn oil

puddling

• process to hop in rain puddles

• process in which railroad ties are made

• process to make telephones

• process in which coke derived from coal is used to burn away impurities in crude iron to produce high-quality iron

industrial capitalism

• an economic system created by Karl Marx

• and economic system where the government controls the means of production

• an economic system based on industrial production or manufacturing

• a

socialism

• a system in which society, usually in the form of the government, owns and controls the means of production

• a system where private owns own and control the mean of production

• a system in which the elite owns the means of production

• a