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Chapter 21 Vocab

Key Terms and People

QuestionAnswer
A period of rapid growth in the use of machines in manufacturing and production that began in the mid 1700's Industrial Revolution
A movement where they fenced in their fields Enclosure Movement
The essential elements that the economy needs to succeed (land, labor, and capital) Factors of Production
A craft occupation performed at home Cottage Industry
A wealthy farmer and he invented the seed drill Jethro Tull
An Inventor that solved the problem with the spinning frame Richard Arkwright
The inventor that come up with the first steam engine James Watt
An Irish born American that became famous by developing a steamship Robert Fulton
Organizations representing workers' interest Labor Union
Work stoppages Strike
The system of manufacturing large numbers of identical items Mass Production
Identical machine made parts Interchangeable Parts
A system where the product moves from worker to worker Assembly Line
A french phrase meaning "free to do" Laissez-Faire
The leader of the laissez-faire economics Adam Smith
The person who was concerned about the population growth caused by the development of industry Thomas Malthus
Someone who starts a new business Entrepreneur
The example of Rags to Riches and was born in Scotland Andrew Carnegie
A political and economic system in which society, usually in the form of the government, owns the means of production Socialism
Put radical views of socialism Karl Marx
The government owns almost all the means of production and controls economic planning Communism
The level of material comfort, for people in industrialized countries improved Standard of Living
The process of changing to power-driven machinery Industrialization
A building that housed industrial machines Factory
Created by: LED
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