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Industrial Revolution
Terms of the Industrial revolution
16
History
10th Grade
02/27/2017

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Term

1. Agricultural Revolution

 

The Agricultural revolution contributed to the Industrial Revolution

Definition

a significant change in agriculture that occurs when there are discoveries, inventions, or new technologies, that change production

 

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Term

2. Bourgeoisie


The Bourgeoisie was part of the third estate.

Definition

the people in a society who are rich, educated, own land etc, according to Marxism

 

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Term

3. Capital 


There was a lot of capital during the Industrial revolution.

Definition

money or property, especially when it is used to start a business or to produce more wealth 

 

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Term

4. Capitalism


In free-market capitalism, there are no taxes.

Definition

an economic and political system in which businesses belong mostly to private owners, not to the government 

 

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Term

5. Communism 

 

In communism, the means of production is siezed

Definition

a political system in which the government controls the production of all foods and goods,and there is no privately owned property

 

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Term

6. Crop rotation 

 

Crop rotation helped farmers a lot.

Definition

the practice of changing the crops that you grow in a field each year to preserve the good qualities in the soil

 

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Term

7. Economy 


The economy is affected by people and governments

Definition

the system by which a country's money and goods are produced and used, or a country considered in this way.

 

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Term

8. Factors of production 


The factors of production have 3 variables.

Definition

a collection of various resources which contribute to producing goods or services, which fall into three main groups - land, labor, and capital

 

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Term

9. Laissez Faire 


Lazissez Faire held beliefs about government and markets

Definition

the principle that the government should allow the economy or private businesses to develop without any state control or influence

 

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Term

10. Industrialize


Countries always industrialize at one point.

Definition

when a country or place develops a lot of industry

 

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Term

11. Industrial Revolution

 

The Industrial Revolution lasted about 100 years for Britain.

Definition

the period in the 18th and 19th centuries in Europe and the USA when machines were invented and the first factories were established

 

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Term

12. Natural resource

 

Natural resources do not regenerate quickly

Definition

things that exist in nature and can be used by people, for example oil, trees, etc.

 

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Term

13. Proletariat 


The Proletariat are above the peasants.

Definition

the class of workers who own no property and work for wages, especially in factories, building things etc - used in socialist writings

 

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Term

14. Socialism 

 

Socialism is "for the people."

Definition

an economic and political system in which large industries are owned by the government, and taxes are used to take some welth away from richer citizens and give it to poorer citizens

 

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Term

15. Subsistence 


Third world countries have to rely on subsistence.

Definition

the condition of only just having enough money or food to stay alive.

 

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Term

16. Textile 


Textile prices vary based on the type of textile and seller.

Definition

any type of woven cloth that is made in large quantities, used especially by people in the business of making clothes etc. 

 

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