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World History - Ch 9

Modern World History - Ch. 9 - The Industrial Revolution 1700 - 1900

QuestionAnswer
Large tracts of land enclosed with fences or hedges. enclosures
The system of growng a different crop in a field each year to preserve the fertility of the land. crop rotation
The development of industries for the machine production of goods. industrialization
The resources - including land, labor, and capital - that are needed to produce goods and services. factors of production
A person who organizes, manages, and takes the risks of a business. entrepreneur
A large building in which machinery is used to manufacture goods. factory
The growth of cities and the migration of people into them. urbanization
A social class made up of skilled workers, professionals, business people, and wealthy farmers. middle class
A right of ownership sold by entrepreneurs to raise money for their business. stock
A business owned by stockholders who share in its profits but are not personally responsible for its debts. corporation
The idea that government should not interfere with or regulate industries and businesses. laissez faire
The author of "The Wealth of Nations" who defended the idea of free market economies. Adam Smith
An economic system based on private ownership and on the investment of money in business ventures in order to make a profit. capitalism
An economic system in which the factors of production are owned by the government and operate for the welfare of all. socialism
An economic system in which all the means of production - land, mines, factories, railroads, and business - are owned by the government. Private property does not exist, and all goods and services are shared equally. communism
A German journalist who wrote "The Communist Manifesto" and introduced a radical form of socialism called Marxism. Karl Marx
An association of workers, formed to bargain for better working conditions and higher wages. union
To refuse to work in order to force an employer to meet certain demands. strike
Early factories needed water power so they were usually built near what? rivers and streams
In 1793 he invented the Cotton Gin. Eli Whitney
The American inventor who built the first steamboat. Robert Fulton
The method of transportation that revolutionized life in Britian and helped the indstrial revolution. railroads
The living conditions of the working class could be discribed as what? crowded and unsanitary
The working conditions of the factory can be described as what? dangerous and long hours
The group of workers who destroyed weaving machinery and destroyed factories in the late 1700's and early 1800's because machines were taking jobs away from workers. Luddites, named after Ned Ludd.
To keep the secrets of industrialization in Britian, Britian had forbidden what kind of people from leaving the country? engineers, mechanics, and toolmakers
Created by: 1125234467
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