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Industrial Revolution
Woodcreek High School Ms. Cottrell
23
History
10th Grade
10/02/2012

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Cards

Term
Assembly Line
Definition
A production method that breaks down a complex job into a series of smaller tasks.
Term
Capital
Definition
Money or wealth used to invest in business.
Term
Capitalism
Definition
An economic system based on private ownership of all property and wealth (business).
Term
Communism
Definition
An economic system in which all property and wealth is owned in a classless society by all the members of that society.
Term
Corporations
Definition
A business owned by many investors who buy shares of stock and risk only the amount of their investment.
Term
Enclosure
Definition
The process of consolidating and taking over land formerly shared by peasant farmers.
Term
Enterprise
Definition
A business organization in an area such as shipping, mining, railroads, or factories.
Term
Entrepreneur
Definition
A person who assumes financial risks in hope of making a profit.
Term
Free Market
Definition
The unregulated exchange of goods and services.
Term
Interchangeable Parts
Definition
Identical components that can be used in place of one another in manufacturing.
Term
Labor Union
Definition
A workers' organization formed to initiate workplace reforms.
Term
Proletariat
Definition
The working class.
Term
Romanticism
Definition
A nineteenth-century artistic movement that appealed to emotion rather than reason.
Term
Realism
Definition
A nineteenth-century artistic movement whose aim was to represent the world as it is.
Term
Rural
Definition
Found in or living in the country.
Term
Social Darwinism
Definition
The application of the idea of survival of the fittest to war and economic competition.
Term
Socialism
Definition
An economic system in which the people as a whole rather than private individuals own all property and operate all businesses(means of production). A system in which the government controls parts of the economy.
Term
Standard of Living
Definition
The measure of the quality and availability of necessities and comforts in a society.
Term
Stock
Definition
Shares in a company.
Term
Tenement
Definition
A multistory building divided into crowded apartments.
Term
Urban
Definition
Relating to or belonging to a city.
Term
Urbanization
Definition
The movement of people from rural areas to cities.
Term
Utilitarianism
Definition
The idea that the goal of society should be "the greatest happiness for the greatest number."
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