Term
|
Definition
| Transformation in the modes of production and distribution of goods as well as in the relationship between workers/work and owners/managers/workers. |
|
|
Term
| Industrial Revolution started in... |
|
Definition
| England, then spread to Germany and the US |
|
|
Term
|
Definition
| Outbuilding near their main house, small scale, handmade goods, and close ties with workers, replaced with factories |
|
|
Term
|
Definition
| large, and in cities, tedious work, no personal ties, low product quality, established on water |
|
|
Term
|
Definition
| an extra source of transportation, increases the speed and decreases the cost of shipment |
|
|
Term
|
Definition
|
|
Term
| Technologically Obsolescent |
|
Definition
| something that has been replaced with technology or a machine |
|
|
Term
|
Definition
| an umbrella term that describes a while series of growing questions generated by the Industrial Rev. |
|
|
Term
|
Definition
| healthcare, reform, socialism, communism, capital |
|
|
Term
|
Definition
| cholera, consumption of alcohol or cider |
|
|
Term
|
Definition
| financial and intellectual |
|
|
Term
|
Definition
| water, timber, iron, coal (power), copper (electricity), known as raw materials |
|
|
Term
| Transportation/Infrastructure Network |
|
Definition
| bridges, canals, ports, tunnels, etc. |
|
|
Term
|
Definition
| non-monopoly, you buy out EVERYTHING to eliminate the middle man |
|
|
Term
| Intellectual/Financial Capital |
|
Definition
| you need a location that is somewhat politically stable, secure and has law and order |
|
|
Term
| Benefits of Industrialization |
|
Definition
| higher wages, technology, education |
|
|
Term
|
Definition
| worker alienation, worker health/injuries, increasing disparities of wealth, pollution, urbanization, child labor, technological unemployment |
|
|
Term
|
Definition
| in factories, this is what happens when owners aren't close to their workers anymore |
|
|
Term
|
Definition
| bodily injuries, black lung, child labor |
|
|
Term
| Increasing Disparities of Wealth |
|
Definition
|
|
Term
| Downside of Rapid Urbanization |
|
Definition
| crime, pollution, disease, immoral behavior |
|
|
Term
| Class Tensions, Class Mentality |
|
Definition
| proletariat feel that they are doing al the work, and getting the least out of it, strikes |
|
|
Term
|
Definition
| Fibrosis, workplace and general pollution |
|
|
Term
| Technological Unemployment |
|
Definition
| when people loose their jobs due to the fact that they are replaced by machines |
|
|
Term
| Britain against US in War of 1812 |
|
Definition
| they set up a blockade, forcing US to make and produce their own goods |
|
|
Term
|
Definition
| established first large factory system- in mass. became a booming center for manufacturing |
|
|
Term
|
Definition
| Monopoly, buying out your competitors |
|
|
Term
|
Definition
|
|
Term
|
Definition
| entrepreneurs sold these to raise money |
|
|
Term
|
Definition
| men with supplemental income pooled their money, limited liability |
|
|
Term
|
Definition
| result of Britain's profitable new methods of manufacturing goods |
|
|
Term
| leading nations of industrialization |
|
Definition
| England, Germany, France, and Belgium |
|
|
Term
|
Definition
| one country's rule over many others, came out of industrialization, opposed to colonization |
|
|
Term
|
Definition
| the economic policy of letting owners of industry and business set working conditions without interference |
|
|
Term
| French Economic Philosophers of the Enlightenment |
|
Definition
| they criticized that idea that nations grow wealthy by placing heavy tariffs , free trade |
|
|
Term
|
Definition
| professor in scotland, defended free economy, wrote Wealth of Nations, self interest, competition, supply and demand |
|
|
Term
|
Definition
| factories of production are privately owned and money is invested in business ventures to make profit |
|
|
Term
|
Definition
| Went to England, took photographs with his mind of textiles mills, brought it back |
|
|
Term
|
Definition
| stockbroker, Principles of Political Economy and Taxation, permanent underclass |
|
|
Term
|
Definition
| people should judge ideas, institutions, and actions on the basis of their usefulness |
|
|
Term
|
Definition
| in this, the factors of production are owned by the public and operate for the well fare of all |
|
|
Term
|
Definition
| had ideas, and made up the outline for the Communist Manifesto |
|
|
Term
|
Definition
| a form of complete socialism in which the means of production |
|
|
Term
|
Definition
| the first piece of reform to be passed for the government |
|
|
Term
|
Definition
| you don't have to be in a union, as opposed to closed |
|
|
Term
|
Definition
| people live near where work is, so more people people come to where factories are, leads to big cities |
|
|
