Industriel rev

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  1. Industrial Revolution
    The shift from making goods by hand to making them by machine that started in England in the 1700s
  2. Enclosure Movement
    A movement which enclosed farming land created by British wealthy land-owners
  3. Crop Rotation
    The system of growing a different crop in a field each year to preserve the fertility of the land
  4. Industrialization
    The development of industries for the machine production of goods.
  5. Factors of Production
    The resources(land, labor, and capital) needed to produce goods and services
  6. Factory
    A large building in which machinery is used to manufacture goods
  7. Entrepreneur
    A person who organizes, manages, and takes on the risks of a business
  8. Urbanization
    The growth of cities and the migration of people into them
  9. Middle Class
    A social class made up of skilled workers, professionals, businesspeople, and wealthy farmers
  10. Stocks
    Certain rights of ownership. The people who bought stock became part owners of corporations
  11. Corporation
    A business owned by stockholders who share in its profits, but are not personally responsible for its debts
  12. Laissez-Faire
    The idea that government should not interfere with or regulate industries and businesses
  13. Adam Smith
    A professor at the university of Glasgow who defended the idea of a free economy. His arguments were 3 natural laws of economics. He began the invisible hand
  14. Capitalism
    An economic system based on private ownership and on the investment of money in business ventures in order to make a profit
  15. Socialism
    An economic system in which the factors of production are owned by the public and operate for the welfare of all
  16. Karl Marx
    A German journalist who introduced the world to a radical type of socialism called Marxism
  17. Communism
    An economic system in which all means of production-land, mines, factories, railroads, and businesses- are owned by the people, private property does not exist, and all goods and services are shaped equally
  18. Assembly Line
    In a factory, an arrangement in whicha product is moved from worker to worker, with each person performing a single task in its manufacture
  19. Theory of Evolution
    The idea, proposed by Charles Darwin in 1859, that species of plants and animals arise by means of a process of natural selection
  20. Imperialism
    A policy in which a strong nation seeks to dominate other countries politically, economically, or socially
  21. Racism
    The belief that one race is superior to others
  22. Social Darwinism
    The application of Charles Darwin's ideas about evolution and "survival of the fittest" to human societies-particularly as justification for imperialist expansion
  23. Colony
    A land controlled by other nation
  24. Protectorate
    A form of imperialism in which a country or a territory has its own internal governent but under the control of an outside power
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Industriel rev

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