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chpt21Industrial
| Question | Answer |
|---|---|
| Industrial Revolution | A period of rapid growth in the use of machines in manufacturing and production that began in the mid-1700s |
| enclosure movement | Land owners could buy fields previously shared by rich and poor farmers. |
| factors of production | The resources needed to produce goods and services that the Industrial Revolution required |
| cottage industry | A usually small-scale industry carried on at home by family members using their own equipment |
| factory | a building that houses industrial machines |
| industrialization | is the period of social and economic change that transforms a human group from an agrarian society into an industrial one. |
| Jethro Tull | British inventor who invented the seed drill (the machine for sowing cereals and other seeds) this machine made the planting more efficient. |
| Richard Arkwright | An inventor who invented the spinning frame |
| James Watt | Scottish inventor, he developed crucial innovations to make the steam engine efficient, fast and better able to power machinery |
| Robert Fulton | Irish-American who developed a steamship called the Clermont |
| labor union | organizations representing workers' interests |
| strike | workers refusing to work |
| mass production | the system of manufacturing large numbers of identical items |
| interchangeable parts | Identical machine-made parts that can be substituted for each other manufacturing. |
| assembly line | A mass production process in which a product is moved forward through many workstations where workers perform specific tasks. |
| laissez-faire | The idea that government should refrain from interfering in economic affairs |
| Adam Smith | Scottish economist; he became the leading advocate of laissez faire economics and is considered by some to be the "father of modern economics" |
| Thomas Malthus | Eighteenth-century English intellectual who warned that population growth threatened future generations because, in his view, population growth would always outstrip increases in agricultural production. |
| entrepreneur | individuals who start new businesses, introduce new products, and improve management techniques |
| Andrew Carnegie | Scottish-American industrialist who led the enormous expansion of the American steel industry in the late 19th century |
| socialism | A political and economic system in which society, usually in the form of the government, owns the means of production |
| Karl Marx | German social philosopher and chief theorist of modern socialism and communism; he declared that as capitalism grew, more and more workers would become impoverished and miserable |
| communism | An economic and political system in which there is no private ownership of business or property. |
| standard of living | the level of wealth, comfort, material goods and necessities available to a certain socioeconomic class in a certain geographic area |