AP WORLD (5+6)

• Adam Smith wrote "The Wealth of Nations" and believed capitalism was superior to mercantilism
• In capitalism, people only supply what there is demand for
• Capitalism allowed for more global trade networks through joint-stock companies and trade in various areas
• Governments should reduce their intervention in economic decisions in a capitalist system
• Means of production are privately owned and operated for profit in capitalism
• The Haitian Revolution was unique as it was a slave rebellion and the first slave-free country in the Western Hemisphere
• Haiti had a strict social structure with 95% of the population being slaves
• Toussaint L’Ouverture led the rebellion against slavery and established an independent government
• Jean Jaques Dessalines orchestrated a Haitian declaration of permanent independence
• Haiti was the first Latin American country and the first black-led country in the Western Hemisphere to gain independence
• Enlightenment ideas emphasized reason over revelation and spread through literature
• Enlightenment ideas influenced politics, advocating for constitutional monarchy, participation in government, and unalienable rights
• The Enlightenment was against the slave trade and valued reason over tradition
• Enlightenment ideas challenged the roles of monarchs and church leaders
• The Enlightenment led to revolutions and the development of isms like socialism and liberalism
• The steam engine, developed by Watt, was crucial for the 1st industrial revolution as it harnessed coal power to create steam for machinery
• The American Revolution was rooted in Enlightenment ideas and was the first revolution influenced by them
• The American colonies fought for independence from Britain due to increased taxes and lack of representation
• The American Revolution led to the establishment of a republic and inspired other revolutions
• Thomas Jefferson wrote the Declaration of Independence, emphasizing the right to life, liberty, and the pursuit of happiness