Industrial-World History

as a political and economic system, is characterized by a classless society where the means of production are owned communally, with the government or the community controlling resources and wealth, rather than individuals. 

• Democracy

• Communism

• Capitalism

• Socialism

an economic philosophy advocating minimal government intervention in the economy, allowing businesses and individuals to operate with freedom and minimal regulation

• Hands on economics

• No touch economics

• Hands off Economics

• Laissez-faire,

is the complete freedom for businesses to operate in the economy. It allows the market to determine the prices for goods and services

• free enterprise

• money market

• communism

• socialism

became a significant issue as industrialization led to factories and mines employing children for cheap, often dangerous work, with little to no regulation or protection. 

• child foster care

• child labor

• immigrant labor

• work camps

an economic system where private individuals own and control the means of production

• economy

• money market

• socialismo

• Capitalism

a flexible material made by interlacing fibers, typically through techniques like weaving, knitting

• complex fibers

• cloth

• blankets

• textile

originates from the French phrase ______________ which translates to "let do, let pass," emphasizing non-interference. 

• "not government regulation"

• "laissez faire, laissez passer,"

• Pax Romana

• "go with God"