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Chapter 21-World history
Term | Definition |
---|---|
Industrial Revolution | A period of rapid growth in the use of machines in manufacturing and production that began in the mid 1700's |
Enclosure Movement | A process in Europe from 1700's to the mid 1800's where landowners fenced small fields to create large farms, allowing for more efficient farming methods and increased the food supply |
Factors of Production | The basic resources for industrialization, such as land, labor, and capitol |
Cottage Industry | A usually small-scale industry carried on at home by family members using their own equiptment |
Factory | A place where goods are manufactured in mass quanity |
Industrialization | Developing industries for the production of goods |
Jethro Tull | British inventor, invented the seed drill |
Richard Arkwright | English inventor, in 1769 he patented the spinning frame, which spun stronger, thinner, thread |
James Watt | Scottish inventor, developed crucial innovations to make the steam engine efficient, fast, and better able to power machinery |
Robert Fulton | American engineer and inventor, he built the first commercially successful, full sized steamboat, the Clermont, which led to the development of commercial steamboat ferry services for goods and people |
Labor Union | An organization representing workers interest |
Strike | A work stoppage |
Mass Production | The system of manufacturing large numbers of identical items |
Interchangeable Parts | Identical machine-made parts that can be substitute for each other in manufactoring |
Assembly line | A mass production process in which a product is moved forward through many work stations where workers preform specific tasks |
Laissez-faire | A business system where companies are allowed to conduct business without interference by the government |
Adam Smith | Scottish economist; the leading advocate of laissez faire economics |
Thomas Malthus | English economist ans socialist, his theory was that population growth would exceed the growth of food production |
Entrepreneur | A risk taker who starts a new business within the economic system of capitalism |
Andrew Carnegie | American industrialist and humanitarian. He led the expansion of the US steel industry in the late 1800s and early 1900s |
Socialism | A political and economic system in which society, usually in the form of government, owns the means of production |
Karl Marx | German social philosopher and cheif theorist of modern socialism and communism |
Communism | Economic and political system in which government owns the means of production and controls economic planning |
Standard of Living | A measure of the quality of life |