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Page #113

Rise of Industry

Industrialism social organization in which industries and especially large-scale industries are dominant
Agricultural revolution Helped industry to take root in Great Britain
Enclosure movement Large land owners to fence off common land
Textile a fiber, filament, or yarn used in making cloth
Crop rotation Or rotating crops on three fields
Domestic system The putting-out system was a means of subcontracting work. It was also known as the workshop system. In putting-out, work was contracted...
Factory system The factory system was a method of manufacturing first adopted in England at the beginning of the Industrial Revolution in the 1750s and...
Urbanization the condition of being urbanized.
Monopoly The exclusive possession or control of the supply or trade in a commodity or service.
Zaibatsu A large Japanese business conglomerate.
Industrial capitalism Capitalism is an economic system in which the means of production and distribution are privately owned and operated for a private...
Partnership An association of two or more people as partners.
Corporation A company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
trade union Another term for labor union
Strike Refusal to work
Socialism Rise to a new idea
Means of production Facilities and resources for producing goods
Created by: Smithstephend