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Industrialization
Terms
| Term | Definition |
|---|---|
| onset | comienzo |
| workshops | talleres |
| ownership | propiedad |
| Norfolk four-course system | is a method of agriculture that involves crop rotation. Unlike other methods such as the three-field system, the Norfolk system is marked by an absence of a fallow year |
| Enclosures acts (1845) | were a series of Acts of Parliament that empowered enclosure of open fields, to turn common land into private property in England and Wales. |
| Open-field system | large fields shared by the local community |
| profits | ganancias |
| availability | disponibilidad |
| steam engines | máquinas de vapor |
| investments | inversiones |
| steamboat | It was invented by Robert Fulton in 1807, applied the steam engine to boats |
| rocket | It was a locomotive capable of going up slopes. It was invented by Stephenson in 1929. |
| onwards | hacia delante |
| public limited company | the capital is divided into small amounts called shares. This way the profit and the risks was divided among a large number of shareholders. |
| stock market | Mercado o bolsa de valores |
| speculation | investment in stocks, property, etc. in the hope of gain but with the risk of loss. |
| capitalism | an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state |
| class society | society organized into groups to which it belongs in terms of money and merit. |
| bourgeoisie | dominant social group formed by the elite that concentrated wealth and power. Within the bourgeoisie distinguished high, medium and low. |
| proletariat | social group that provides the labor that society needs for factories, mines and workshops to work. Its members were peasants who emigrated from the countryside to the cities or craftsmen who had been ruined by the process of industrial mechanization. |
| socialism | a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole. |
| anarquism | belief in the abolition of all government and the organization of society on a voluntary, cooperative basis without recourse to force or compulsion. |
Created by:
nmp
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