Term

Class 2 themes

Definition

RECAP: 1700–1830 Mass production Material investigation Steam and other technologies Consumerism Rise of profession design thinking Historicism

Term

- **Mercantilism**

Definition

- An economic theory that says a country’s wealth comes from exporting more than it imports and hoarding gold; government controls trade to benefit the nation.

Term

- BERNARD MANDEVILLE 1670-1733

Definition

- He was often vilified for his critiques of the false claims of men about public service and selflessness and argued that self-interest, no matter how despicable, can have positive effects in a society and nation. - In his work *The Fable of the Bees*, he argued that things people see as selfish or immoral — like greed or vanity — can actually **help society grow and prosper** by driving trade, jobs, and innovation.