Untitled Flashcards Set

Adam Smith

Known for his work 'The Wealth of Nations', which laid the foundations of modern economics.

Alfred Krupp

Industrialist known for his rolling mill and spoon roll innovation.

Bessemer Process

An industrial process for mass production of steel.

Cecil Rhodes

British imperialist who was Prime Minister of the Cape Colony and owned De Beers.

De Beers

A multinational corporation specializing in diamond production, owned by Cecil Rhodes.

John D. Rockefeller

Wealthy industrialist who owned a significant portion of the oil industry in the United States.

Monopoly

A market structure with a single seller or producer and no competition.

Stockholders

Individuals or entities that own shares in a corporation.

Transnational Companies

Enterprises that operate in multiple countries and are involved in the international production of goods or services.

Unilever Corporation

A British-Dutch multinational company known for consumer goods.

Bourgeoisie

The middle class, particularly those who earn money through ownership.

Communism

A political and economic ideology advocating for a classless society.

Communist Manifesto

A political pamphlet created by Karl Marx outlining the principles of communism.

Friedrich Engels

Collaborator with Karl Marx on the Communist Manifesto.

John Stuart Mill

Philosopher known for his concepts of utilitarianism.

Karl Marx

Philosopher and economist known as the creator of the Communist Manifesto.

Labor Unions

Organizations formed by workers to represent their interests and negotiate with employers.

Proletariat

The working class, particularly factory workers.

Saddler Report

A report that led to regulations limiting the age of child workers.

Self-Strengthening Movement

A campaign for economic and military reform in China.

Cult of Domesticity

A cultural belief that the home was the woman's 'proper sphere'.

Environmental Effects

The impact of human activities on the natural environment.

Global Inequalities

Disparities in wealth and resources between different countries or populations.

Mass Production

The process of creating large quantities of goods efficiently.

Seneca Falls Convention

The first women's rights convention where women advocated for the right to vote.

Slums

Overcrowded urban areas characterized by substandard housing.

Smog

A type of air pollution that combines smoke and fog, often toxic.

Tenements

Residential buildings that house multiple families or dwellings.

White-Collar Workers

Employees who typically work in office environments, often in managerial or professional roles.

Working Class

The social class consisting of those who work for wages, often in industrial jobs.