AP World History unit 7B

Eli Whitney an American inventor who developed the cotton gin. Also contributed to the concept of interchangeable parts that were exactly alike and easily assembled or exchanged
James Watt Scottish engineer and inventor whose improvements in the steam engine led to its wide use in industry (1736-1819)
Karl Marx German journalist and philosopher, founder of the Marxist branch of socialism. He is known for two books: The Communist Manifesto (1848) and Das Kapital (Vols. I-III, 1867-1894).
Friedrich Engels another German communist who aided Marx in writing The Communist Manifesto; German social scientist, author, political theorist, philosopher, and father of communist theory, alongside Karl Marx.
laissez-faire the doctrine that government should not interfere in commercial affairs
assembly line In a factory, an arrangement where a product is moved from worker to worker, with each person performing a single task in the making of the product.
corporation a business owned by stockholders who share in its profits but are not personally responsible for its debts
socialism an economic system based on state ownership of capital
Communist Manifesto This is the 1848 book written by Karl Marx and Friedrich Engels which urges an uprising by workers to seize control of the factors of production from the upper and middle classes.
communism a political theory favoring collectivism in a classless society
capitalism an economic system based on private ownership of capital
proletariat a social class comprising those who do manual labor or work for wages
trade union an organization of employees formed to bargain with the employer
bourgeoisie Marx’s term for capitalists, those who own the means of production
zaibatsu powerful banking and industrial families in Japan

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