Economic, social & political ideas - unit 7.4 U_U

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Opal Khan
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What is a republic? A republic is a form of government in which the head of state is a citizen of the nation rather than a monarch.
When did the idea of republicanism become popular? It was during the Enlightenment that the idea of republicanism became popular in Europe and North America.
Which was the first republic to be established in the modern era? The first republic to be established in the modern era was the American Republic.
What did the Declaration of Independence announce? The Declaration of Independence announced America's separation from Britain and introduced a system of 'rule by the people.'
What is liberalism? Liberalism was a movement that sought to protect and improve the rights of individuals.
What did liberals believe? Liberals believed that governments existed to protect people's basic civil liberties, rather than restrict them.
What did liberals want? Liberals wanted a small role for government and believed that it should not stand in the way of individuals who wanted to improve their lives.
What is capitalism? Capitalism is an economic system based on competition between sellers.
Who are capitalists? Capitalists are individuals who invest their money into new business ventures in order to make a profit.
What did the Scientific Age do? The Scientific Age had given a rise to new inventions, such as the steam engine, but it was the growing class of capitalists in Britain who used tools to establish the factory system.
what is socialism? Socialism is about redistributing wealth from the rich to the poor.
What happened during the Industrial Revolution? During the Industrial Revolution, capitalists grew extremely wealthy from the factory system, the growing urban working class had barely enough to survive.
What did socialists believe? Socialists believed that the profits created by workers ought to be given to the workers.
What happened by the middle of the 19th century? Two strands of socialism had emerged in Britain-revolutionary socialism, or communism, and democratic socialism, otherwise known as Fabianism.
What did the Chartism movement call for? -The right for all men to vote -The secret ballot -Pay for parliamentarians -Electorates that were equal in size -Annual elections
What did reforms earn Australia? Reforms earned Australia a reputation throughout the world as a 'laboratory for democracy.'
What is egalitarianism? Egalitarianism is the belief in a 'fair go' for all.
What is nationalism? Nationalism is the belief that people of a similar race, culture or ideals ought to belong to the same nation-state.
What was nationalism in the 19th century? Nationalism was one of the most influential ideas of the 19th century.
What did nationalism result in? Nationalism resulted in the establishment of new nations- such as Australia in 1901 - growing empires, national rivalries and movements of resistance against foreign rule.
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