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Level 51

Classical Liberalism

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Social Classes
groups of people ranked according to ancestry, wealth, education, or other criteria
a form of government in which the ruler is an absolute dictator and controls everything
dominance through threat of punishment and violence
a movement in the 18th century that advocated the use of reason in the reappraisal of accepted ideas and social institutions
Free Market
an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies
the development of industry on an extensive scale
the doctrine that government should not interfere in commercial affairs
Laissez-Faire Capitalism
This was the style of capitalism in which the government had no interference with the economy
Unfettered Capitalism
Pure capitalism or a pure free market economy that is not restricted or monitored by government rules and regulations
Limited Government
In this type of government everyone, including all authority figures, must obey laws. Constitutions, statements of rights, or other laws define the limits of those in power so they cannot take advantage of the elected, appointed, or inherited positions.
Traditional Government
all power is in the hands of the leader
This was the group of economists who believed that the wealth of a nation was derived solely from the value of its land
a doctrine that rejects religion and religious considerations in politics and education
an economic system (Europe in 18th C) to increase a nation's wealth by government regulation of all of the nation's commercial interests
Industrial revolution
the transformation from an agricultural to an industrial nation
an ideological belief in individualism, liberty and limited government
advocacy of a system of government according to constitutional principles
Natural Law
a rule or body of rules of conduct inherent in human nature and essential to or binding upon human society
idea that the goal of society should be to bring about the greatest happiness for the greatest number of people
free trade
: takes place between countries when there are no barriers to trade put in place by governments or international organizations. Goods and services are allowed to move freely between countries.
Social Darwinism
The application of ideas about evolution and "survival of the fittest" to human societies - particularly as a justification for their imperialist expansion.
withdrawn from a center or place of concentration, governmental power is spread among more than one person or group
haves and "Have not's"
where the elitist are the haves and control everything where the people beneath them are the have not's