Term
| What are the characteristics of traditional societies? |
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Definition
There is no conflict/cometition for food.
Main occupantions are hunting and gathering.
There is very little division of labor.
(NOT Scarcity of food depends on tribal relations) |
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Term
| After the fall of the Roman Empire, political and economic power of Europe was dominated by? |
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Definition
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Term
| Feudal lords were the Bourgeoisie during which time period? |
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Definition
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Term
| was promoted during ancient civilizations of Egypt, Rome and Greece. |
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Definition
Sciences appealing to human aesthetic sense such as art and music.
Strong armies.
Creation of outstanding monuments.
(NOT technologies to enhance production) |
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Term
| The guild system began in what old civilization? |
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Definition
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Term
| What did the Potestant ethics of the Middle Ages promote? |
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Definition
| Concept of profit making and participation in economic activities. |
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Term
| Accoring to Important Terms and Concepts, the medieval economic life of feudalism emerged from . . . ? |
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Definition
| The catastrophic disorganization that followed the decline of Roman law and order. |
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Term
| Industrialist were the new rich of Europe during the . . ? |
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Definition
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Term
| What economic system emerged in Europe after industrialization |
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Definition
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Term
| What are some realities of laboring in factories during the industrial revolution? |
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Definition
Workers lived in slums.
There were no safety precautions.
Working hours were long, boring, and tiring. |
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Term
| These days margers and take-overs of companies is a common practice. Did it exist during the early days of industrialization |
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Definition
| During the early days of industrialization, mergers and take-overs were very common. |
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Term
| The "Rise of the new men," after the fall of the feudal system refers to . . .? |
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Definition
| Factory owners/new industrialists |
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Term
| Of the many different welfare-based components of welfare capitalism, the U.S. has only one. What is it? |
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Definition
Social Security
(NOT subsidized living)
(NOT free education)
(NOT universal health-care) |
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Term
| What is the new definitiion of work as an impact of industrial technology? |
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Definition
| Wage labor replaced the independence of working for oneself |
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Term
| What is division of labor? |
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Definition
| Different people doing different things for us. |
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Term
| What is a solution to the economic problem that is a mode of social organization in whcih both production and distribution are based on procedures devised in the past, improved by trial and error, and maintained by customs? |
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Definition
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Term
| What is one of the characteristics of Economic Organizations of Antiquity? |
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Definition
| At that time, slavery was acceptable and very common. |
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Term
| The old civilizations of Egypt, Greece, and Rome heavily depended on what economic activity? |
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Definition
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Term
| What is one reason of Emergence of Market Economy? |
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Definition
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Term
| According to the authors, what religious group helped the growth of the market economy in Europe? |
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Definition
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Term
| What was the impact of capital-building on productivity of labor? |
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Definition
| Productivity of labor increased |
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Term
| The authors use an example to explre the dimensions of the penetrative process of industrial technology into modern society. What was it? |
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Definition
| The internal combustion engine |
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Term
| Generally speaking, what is the impact of mass production on the price of goods? |
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Definition
| The price of goods decreases. |
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Term
| Where did the capitalist market economy begin? |
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Definition
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Term
| What was the outstanding economic fact of the United States for the 100 years before the Great Depression? |
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Definition
| A trend of economic growth. |
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Term
| Under which economic system can individuals own property? |
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Definition
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Term
| Public health insurance, family benefits and allowances, and improved social security are some of the characteristics of? |
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Definition
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Term
| The song "BRother can you Spare a Dime" depicts the struggle of American workers during which times period? |
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Definition
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Term
| As depictied in the pictures on child labor, what kind of jobs were they involved in? |
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Definition
Farming.
Mining.
Factories.
(NOT Service) |
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Term
| In which continant, do you find the majority of the least developed nations? |
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Definition
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