Card Set Information
"Workers of the world unite; you have nothing to lose but your chains." Who said it? Why?
Karl Marx- communism manifesto
he despised capitalism- created weatlh for a few poverty for most
Where did the industrial revolution begin? where did it go to?
went through europe, north america, globe
What were the outcomes of the industrialization
improved methods of farming, enclosure movement, population explosion, new technologies- coal, windmills, watermills
What was the main idea pushed by Adam Smith in The Wealth of Nations?
free market regulates business
supply and demand
Describe effects of British Enclosure movement and new farming technology
Farm outputs rose, profits rose, farm laborers lost jobs, small farmers lost land, farm workers all went to city- caused industrial revolution