Vocabulary Industrial Revolution Back to Unit
Vocabulary Imperialism
Draw a picture to demonstrate each of the following concepts:
1. MECHANIZATION
2. DIVISION OF LABOR
3. MASS PRODUCTION
4. ASSEMBLY LINE
5. SYSTEM OF INTERCHANGEABLE PARTS
6. ENCLOSURE MOVEMENT
7. CORPORATION
8. CARTEL
9. BUSINESS CYCLE
10. MONOPOLY
11. DEPRESSION
12. FREE ENTERPRISE
13. COLLECTIVE BARGAINING
14. FACTORS OF PRODUCTION
Answer the following questions about
economic systems. Then complete the
chart by creating a pictorial definition that
demonstrates pros and cons for each
economic system. Use attached symbols as a guide. You may cut and
paste but be sure to include your own symbols as needed.
1. Who owns the means of production?
2. Who does the work?
3. Who gets the profits?
4. What is the role of the individual worker?
5. What is the role of government?
6. How does competition effect production?
7. How do supply and demand effect production?
a. What happens if Increase/Decrease in population?
b. What happens if Increase/Decrease in product?
| Economic Philosopher | Economic System |
| Marx
Father of Socialism |
1. COMMUNISM (also called Authoritarian
Communism, Scientific Socialism, Marxism)
2. UTOPIAN SOCIALISM 3. SOCIAL DEMOCRACY |
| Bentham | UTILITARIANISM |
| Adams
Father of Capitalism |
4. LAISSEZ FAIRE CAPITALISM
5. MODIFIED MARKET CAPITALISM |
After creating visual definitions by answering the questions and using the drawings, vote for the economic system that you most support.
I choose because Circle the specific economic system that is closest to the economic system in the United States?
(Capitalism) ( Socialism)
Laissez faire Modified Market Social Democracy Utopian Communism
| Economic | Who owns the | Pictorial Definition that | demonstrates |
| System | factors of production | Pro's | Con's |
| Communism
(also called Authoritarian Socialism or Scientific Socialism) |
government
mixed private other (explain) |
|
|
| Utopian Socialism | government
mixed private other (explain) |
|
|
| Democratic Socialism | government
mixed private other (explain) |
|
- |
| Modified Market Capitalism | government
mixed private other (explain) |
|
|
| Laissez Faire Capitalism | government
mixed private other (explain) |
|
Either define or Identify the following terms and people:
15. ALBERT EINSTEIN
16. CHARLES TOWNSHEND
17. ELI WHITNEY
18. JAMES HARGREAVES
19. EDMUND CARTWRIGHT
20. JAMES WATT
21. HENRY BESSEMER
22. ROBERT FULTON
23. ALESSANDRO VOLTA
24. SAMUEL MORSE
25. HENRY FORD
26. CHARLES GOODYEAR
27. VINCENT van GOGH
28. PETER ILICH TCHAIKOVSKY
29. LEO TOLSTOY
30. MARK TWAIN
31. LUDWIG van BEETHOVEN
32. VICTOR HUGO
33. ADAM SMITH
34. DAVID RICARDO
35. THOMAS MALTHUS
36. KARL MARX
37. JEREMY BENTHAM
38. JOHN STUART MILL
Vocabulary Imperialism
Draw a picture using home country and colony to demonstrate each of the following concepts
1. imperialism
2. protectorate
3. condominium
4. sphere of influence
5. direct rule
6. paternalism
7. assimilation
8. indirect rule
9. buffer state
10. concession