Flashcards
Socials Final
Flashcards do conjunto (19)
- 1Proletariat (Marx/term)The workers
- 2Class Struggleh8ing on capitalists for breaking your back
- 3Capitalism (marx/term)- Private ownership w/the goal of making profits & gaining capital is the main objective.
- Crisis possible at every stage of production
1. Bigger businesses take over smaller businesses
2. Capitalists turn into proletariats
3. Capital class gets smaller & richer
4. Proletariat class gets bigger & poorer
5. Proletariat overthrows capitalist class & takes control. - 4John Maynard Keynes- England
- 1930s - gr8 recession
- general theory of employment interest and money
**he believed that 'animal spirits' influenced economy activity.
(team sports: when your confidence level is up, everyone elses is up as well, and vice versa) - 5Belief(s) of Keynes- Capitalism isn't self-regulating and in times of recession or depression the govt. needs to spend lots of $$$ to get the economy going again, even if that means the govt. falls deeper in debt.
- letting the free market economy self-regulate in recession or depression times would lead to chaos
- 'animal spirits' affecting economy activity (confidence level) - 6Communism(no classes, money, & private means of production)
- A system where everyone owns the capital - 7SocialismA party of people needed to watch over the communism and crush remaining capitalists. Govt. has control; AKA mommy state.
- 8Free Market & Market Economy- Self-regulating
&
- Decisions 'bout what to make & how much to sell it for are based on supply & demand - 9Role(s) of competitionCompetition among...
- buyers benefit sellers
- Seller benefits buyers
- employers for labor help employees
- workers for jobs help employers - 10Karl Marx**He believed that human history has a deep history of class struggle & that capitalists derived profits by paying workers less & as little as possible.
- Germany
- communist manifesto
- wrote "capital (das kapital)"
note: smith was dead before marx came out w/da book
- mid 1800s - during worst abuses of capitalism (b4 labor laws, minimum wage & unions) - 11Laissez-faireA policy or attitude of letting things take their own course w/o interfering.
- 12Invisible HandTakes selfish activities of individuals and turns them into something beneficial for society. Society ends up getting what it wants in the quantity and quality that it wants b/c producers will make whatever in demand.
*(working for yourself; indirectly works for the food of everyone) - 13Key to increasind productionDivision of labor + mechanization
- 14Division of LaborOne person does one job really well; go down to the production line
- 15Means of production & Mode of productionWhat you need to make stuff
(facilities, resources, knowledge)
&
The means + materials + how its made - 16Adam Smith**He believed that a free marketing economy w/growth of its own accord and increase wealth for the nation its self-regulating
- Scotland
- wealth of nations
-1776
- beginning of industrialization
(b4 child labor, low wages & unfit working conditions) - 175 steps of history1. Primitive communism - you share a bear, I share whale tooth; fails b/c of private property.
2. Slave society - Owners own you and everything else; fails b/c there's too much slave to manage & it might lead to an uprise.
3. Feudalism - queen/kings own you & everything else; but fails because you can only be a farmer and that's poor production
4. Capitalism - wages go down b/c capitalists need profit, it's a continuous cycle of increase/decrease of wages; never steady
5. Communism - everything is revolution; no need govt.
(workers own everything (means in product) in classless society) - 18Bourgeoisieowns the means of production
AKA. Bosses - 19Public goodsShared stuff;
public parks, sewage system
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- FlashCards sobre Socials Final, criado por kshamasaniumu em 16-12-2014.
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- kshamasaniumu
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