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Chapter 9 Voacab Words
N/A
18
History
9th Grade
10/27/2008

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Term
Industrial Revouliton
Definition
the shift beginging in englad during the 19th century from making goods by hand to making them by machine
Term
enclousure
Definition
one of the fenced in or hedged in fields created by wealthy british landowner on land that was formally worked by village farmer
Term
crop rotation
Definition
the system of growing a different crop in a field each year to preserve the fertility of the land
Term
industialization
Definition
the development for the machine production of goods
Term
factors of production
Definition
the resources including land labor and the capital that are needed to produce goods and services
Term
factory
Definition
a large building in which machinery is used to manufactur goods
Term
entrepenur
Definition
a person who organizes manages and takes risks of a business
Term
urbanization
Definition
the growth of cities and the migration of people in them
Term
middle class
Definition
a social class made up of skilled workers professionals business people and wealthy farmers,
Term
corporation
Definition
a business owned by stockholders who share in its profits but are not personally responsible for debts
Term
lassizes faire
Definition
the idea that governemnt should not interfere with or regulate industries and businesses
Term
capitalism
Definition
a ecenomic system based on private ownership and on the inestment of money in business ventures in order to make a profit
Term
utilitarianism
Definition
the theory proposed by jeremy benthem in the late 1700s that govenemnt actions are only useful if they promote the greatest good for the greatest amount f people
Term
socialmism
Definition
an econmic system in which the favorors of production are owned by the public and operate for the welfare of all
Term
strike
Definition
to refuse to work in order to force and employer to meet certian demands
Term
communism
Definition
an econmic system in which all means of production, land, mines, factorires, railraods, and businesses are owned by the people, private property does not exist
Term
union
Definition
an assosiation of women formed to
Term
collective barganing
Definition
negotions between workers and employers
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