Shared Flashcard Set

Details

Industrial Revolution
Chap.25
26
History
10th Grade
10/09/2007

Additional History Flashcards

 


 

Cards

Term
Enclosures
Definition
Large landholdings crowded out the small farms
Term
Industrial Revolution
Definition
Increased output of machine-made goods
Term
Crop rotation
Definition
changed up the type of crops grown in a field to replenish it's nutrients ie the 3 field syestem
Term
industrialization
Definition
process of developing machine production of goods
Term
factors of production
Definition
the resources needed to produce goods during the industrial revolution
Term
factories
Definition
Machines set up in large buildings for productions of goods
Term
entrepreneur
Definition
a person that organizes, manages, and takes the risk ofa business
Term
Adam Smith
Definition
Term
Urbanization
Definition
a period of city buildin and the movement of people to the cities
Term
Middle class
Definition
a social class made up of skilled workers,profession,business people and wealthy farmers
Term
stock
Definition

certain rights of ownership- people with stock became part owner of these businesses

Term
laissez faire
Definition
Letting the industry set the conditions without goverment interference
Term
capitalism
Definition
economic system in which the means are privately owned, run for profit- America has this
Term
Corporation
Definition
a business owned by stock holders who share in the profits but are not personally responsible for its debts
Term
utilitarianism
Definition
Jeremy Bentham's theory that ideas, institutions should be judged on how useful they are.
Term
socialism
Definition
the means of production are owned by the public for the good of all people
Term
Karl Marx
Definition
Wrote the Communist Manafesto- out lined a radical socialism
Term
communism
Definition
Karl Marx idea that all land and means of production would be controled by the people- no private ownership
Term
union
Definition
Workers join together into voluntary labor associations
Term
strike
Definition
When factory owners refuse the workers demands- workers refuse to work
Term
four factors that lead to England's Industrial revolution
Definition
  • power (coal and water)
  • iron ore
  • rivers for transportation
  • harbors for merchant ships
Term
Another reason Great Britain had the Ind. Rev.
Definition
  • fewer farmers needed
  • surplus population
  • new inventions
Term
Negtive results of the Ind. Rev.
Definition
  • slums
  • dangerous conditions
  • urban poverty
  • child labor
Term
Positive effects of the Ind. Rev.
Definition
  • created jobs
  • increased the wealth of the nation
  • increased size and power of the middle class
  • made products originally only  the very wealthy could afford
Term
Adam Smiths Natural laws of economics
Definition
  • law of self interest
  • law of competition
  • law of supply and demand
Supporting users have an ad free experience!