Term
|
Definition
*A great increase in machines
*Began in England in the 1700's |
|
|
Term
| Where did the Industrial Revolution begin? |
|
Definition
|
|
Term
| Why did the Industrial Revolution begin in Britain? |
|
Definition
1. Solid Government (Constitutional Monarchy)
2. Solid economy
3. Good natural resources ex. Iron
4. Surrounded by water (Water=Power)
5. New technology (Spinning Jenny,Water Frame, etc.)
**Adequate food supply is necessary for Industrialization anywhere** |
|
|
Term
|
Definition
*1700's
*Wealthy land owners bought lots of farmland and introduced new farming methods
*Increase in agricultural production |
|
|
Term
|
Definition
| *Larger fields where landowners were able to experiment with new seeding and harvesting methods to increase the production of crops |
|
|
Term
|
Definition
*New farming method
*Involved planting new crops every season to cycle nutrients in the soil |
|
|
Term
|
Definition
*Process of developing machine production of goods
(as opposed to people making all of the goods by hand now machines were making the goods) |
|
|
Term
|
Definition
*Resources needed to produce goods and services in the Industrial Revolution
Examples: Land, labor (workers), capital ($) |
|
|
Term
|
Definition
| *People who invest their money in business to make a profit |
|
|
Term
|
Definition
*Created by James Watt
*Created in 1765
*Allowed for faster transportation by boat and railroad
*Increased the power for factory machines |
|
|
Term
| Effects of the Industrial Revolution on working conditions? |
|
Definition
| *Workers won higher wages, shorter hours and better conditions |
|
|
Term
| Effects of the Industrial Revolution on social classes? |
|
Definition
| *Standard of living generally rose |
|
|
Term
| Effects of the Industrial Revolution on population and living conditions? |
|
Definition
*At first, the urban population increased because the cities is where the factory work was. The long term effect is that people moved to the suburbs to get away from the crowded cities
*Housing, diet and clothing improved as a result of the revolution |
|
|
Term
|
Definition
| Partial ownership in a company |
|
|
Term
|
Definition
| A business owned by stockholders who share its profits but are not responsible for its debt |
|
|
Term
|
Definition
| A policy where a strong nation seeks to dominate other countries politically, economically and/or socially |
|
|
Term
|
Definition
| People who work for free in order to learn a trade or skill |
|
|
Term
|
Definition
Worked for factory owners
Paid to make sure that the factory workers were doing their job |
|
|
Term
|
Definition
1. Individuals and businesses own property and means of production
2. Believe in Laissez-Faire
3. Compete with other companies for consumers $
4. Success is the result of self-interest |
|
|
Term
|
Definition
| Government takes a hands off approach to the economy and do not interfere |
|
|
Term
|
Definition
1. Community or state own property and means of production
2. Community produces goods for the benefits of all
3. Thinks the government should distribute goods according to each persons needs |
|
|
Term
|
Definition
*Economist who wrote "The Wealth of Nations"
*Major supporter of capitalism
*Believed in Laissez-Faire |
|
|
Term
|
Definition
*Created by Adam Smith
*Shows three natural laws of Economics:
1. Law of Self Interest
2. Law of Competition
3. Law of Supply and Demand |
|
|
Term
|
Definition
*Created by Jeremy Bentham
*Says that people should judge ideas, institutions and actions based on their usefulness or utility. |
|
|
Term
|
Definition
*Took Adam Smith's ideas and changed them around
*Said that government control over the economy would end poverty and promote equality
*Pushed for legal and educational reforms as well as women's reforms |
|
|
Term
|
Definition
1. The "Father of Communism"
2. Wrote a pamphlet called the "Communist Manifesto"
3. Says that history is a series of wars between social classes
*Describes Communism as a form of complete Socialism where the means of production are owned by the people |
|
|
Term
|
Definition
| Karl Marx's word for "workers" |
|
|
Term
|
Definition
*An economic system where all means of production are owned and run by the people
*Every aspect of life is equally distributed by the government
*A class less society |
|
|
Term
|
Definition
| Labor associations formed by workers to protect their rights |
|
|
Term
|
Definition
| When workers refuse to work |
|
|
Term
|
Definition
*Made it illegal for businesses to hire children under 9 years old
*Children could not work more then 8 hours a day
*Children 13-17 could only work 12 hours and women and children could lnot work in the underground mines |
|
|
