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Industrial Rev.
The Industrial Revolution Begins
| Question | Answer |
|---|---|
| Industrial Revolution | Beginning in the 1700s, a period of increased production of machines and machine-created goods that began in Great Britain |
| Industrialization | The development of machines to create goods |
| Factors of Production | Resources used to create goods—land, labor, and capital (money) |
| Urbanization | The building of cities that resulted in the movement of population from the city to the country |
| Middle Class | Class of workers that emerged from the Industrial Revolution that included businessmen, professionals, skilled workers, and farmers |
| Stock | Pieces of ownership in a corporation |
| Corporation | Businesses owned by stockholders that are not responsible for the business’ debt |
| Enclosure | The term associated with the use of closed-in fields, either by fences or hedges |
| Factories | Large buildings set up to hold machines to do the work of spinning and weaving during the Industrial Revolution |
| Textile | A type of woven cloth or fabric |