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Industrial Revolution Vocabulary
Industrial Revolution Vocabulary
17
History
10th Grade
09/23/2012

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Term
Industrialization
Definition
The development of industries for the machine production of goods.
Term
Industrial Revolution
Definition
The shift, beginning in England during the 18th century, from making goods by hand to making them by machine.
Term
Factors of Production
Definition
The resources—including land, labor, and capital—that are needed to produce goods and services
Term
Entrepreneur
Definition
A person who organizes, manages, and takes on the risks of a business
Term
Urbanization
Definition
The growth of cities and the migration of people into them.
Term
Middle Class
Definition
A social class made up of skilled workers, professionals, businesspeople, and wealthy farmers.
Term
Capitalism
Definition
An economic system based on private ownership and on the investment of money in business ventures in order to make a profit.
Term
Socialism
Definition
An economic system in which the factors of production are owned by the public and operate for the welfare of all.
Term
Communism
Definition
An economic system in which all means of production—land, mines, factories, railroads, and businesses—are owned by the people, private property does not exist, and all goods and services are shared equally.
Term
Strike
Definition
To refuse to work in order to force an employer to meet certain demands.
Term
Union
Definition
An association of workers, formed to bargain for better working conditions and higher wages.
Term
Agricultural Revolution
Definition
a period of agricultural development between the 18th century and the end of the 19th century, which saw a massive and rapid increase in agricultural productivity and vast improvements in farm technology
Term
Karl Marx
Definition
Author of the Communist Manifesto, a radical type of socialism.
Term
Rural
Definition
Characteristic of the countryside rather than the town.
Term
Urban
Definition
Characteristic of a city or town.
Term
Economics
Definition
The branch of knowledge concerned with the production, consumption, and transfer of wealth.
Term
Natural Resources
Definition
Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain
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