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World History 2

Chapter 9: Industrial Revolution

Industrial Revolution The transition to new manufacturing processes in the period from about 1760 to sometime between and 1840.
Enclosure The state of being enclosed, especially in a religious community
Crop Rotation Changing up your crops every year
Industrialization The period of social and economic change that transforms a human group from an old fashioned society into an industrial one.
Factors of the start of the Industrial Revolution 1. Resources 2. New Technology 3. Economic Conditions 4. People
Factory A large warehouse full of workers and machinery that make products
Working Conditions Long hours all day, 1 break and 1 lunch, very dangerous and unhealthy
Urbanization The spread of cities and building "up"
Living Conditions Very tight spaces and small apartments full of families and also very unsanitary and miserable
Class Systems Social class people are grouped into a set of hierarchical social categories, the most common being the upper, middle, and lower classes
Middle Class Your average blue or white collar
Class Relations in Industrialized Societys The wealthy looked down on the poor and middle class, inequality shown often between the classes.
Stock A certificate documenting the shareholder's ownership in the corporation
Corporation A business owned by stockholders who share in its profits but are not personally responsible for its debts
Adam Smith Scottish economist who advocated private enterprise and free trade (1723-1790) and wrote "The Wealth of Nations"
Socialism A theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
Union A group formed to protest against something many people agree should change, unions normally form in workforces
Laissez Faire The doctrine that government should not interfere in commercial affairs
Impact of the Industrial Revolution Working Conditions, Living Conditions, Urbanization, Public Health and Life Expectancy, Working Class Families and the Role of Women, The Emerging Middle Class, Wealth and Income
Wealth of Nations A book written on capitalism, socialism, and communism. Written by Adam Smith
3 Laws of Economics Law of self interest Law of competition Law of supply & demand
Capitalism An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
Karl Marx & Friedrich Engels They were German revolutionary philosophers who co-wrote 'The Communist Manifesto'
Communist Manifesto A brief publication that declares the arguments and platform of the Communist party.
Collective Bargaining Negotiation of wages and other conditions of employment by an organized body of employees.
Strike A refusal to work organized by a body of employees as a form of protest, typically in an attempt to gain a concession or concessions from their employer.
Reforms/Reformers To make changes in (something, typically a social, political, or economic institution or practice) in order to improve it.
Utilitarianism An idea that the goal of society should be to bring about the greatest happiness for the greatest number of people
Created by: Sk8er854