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| Emperor of the French. Responsible for many French Revolution reforms as well as conquering most of Europe. He was defeated at Waterloo, and died several years later on the island of Saint Helena. |
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* Based on agriculture
* Limited barter trade
* Neolithic Civilizations
* Early River Valley Civilizations |
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* Controlled by strong, centralized government
* Usually focuses on industrial goods
* Little attention paid to agriculture and consumer goods |
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* Based upon Supply and Demand
* Usually focus on consumer goods
* Little government control |
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* Combination of Market and Command economic systems
* Market forces control most consumer goods
* Government directs industry in need areas. |
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* Country's wealth based on exporting more than it imports
* Strict government control
* Uses colonies as source of raw materials and exclusive markets for selling goods |
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*Developed by Adam Smith in his book, Wealth of Nations
*No government interference
*Capitalist/Market Economy |
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| Causes Of The French Revolution |
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*France suffered under an absolure monarchy
*People were denied basic rights
*Divided under 3 estates |
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*1st Estate: Clergy
*2nd Estate: Nobility
*3rd Estate: 98% of the population, had fewest rights, food shortages, and heaviest tax burden |
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*Consisted of members of each of the three estates
*Meetings were held, each party had only one vote
*Third Estate always overpowered |
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| An economic system based on the private ownership of the means of production and distribution of goods. Also promotes a free market regulated by supply and demand. |
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