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Unit 1: Industrialization (Political Developments (Philosophers (220px…
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The Enlightenment
An intellectual movement in Europe that changed the ideas of govt. and society during the mid-to-late 1700's
People questioned: "divine right", religion, science, personal freedoms
Stood for a number of ideals: reason, progress, liberty, goodness, and individuality
MAJOR FIGURES
John Locke, Voltaire, Jean Jacques Rousseau, Cesare Beccaria, Mary Wollstonecraft
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Mercantilism
Trade generates wealth/ geopolitical power which is stimulated by accumulation of "profitable balances"
Bullionism: economic health of a nation could be measured by the amount of precious metal which is possessed
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Thriving agriculture which means less of a need to import foods and prosperous farmers could provide a base for taxation
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Trade is a "zero-sum" game which is a nation can gain an international trade only at expense of other nations
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Industrial Revolution
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First Revolution
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Inventions: Cotton gin, spinning jenny, water frame
Second Revolution
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Inventions: automobiles, chemicals, railroads, telegraph
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Factors of production
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Modern, stable government
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