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Industrial Rev

Industrial Revolution

Crop Rotation Chang the crop yearly
Industrial Revolution A period of time of rapid industrial development.
Factors of Production land, capital, and labor
Mechanization Mass production
Richard Arkwright Invents water power spinning mill
Factory System Concentration of labor and a large establishment.
Eli Whitney Invents cotton gin
James Watt Creates modern steam engine
Henry Bessemer Develops the Bessemer process. Making steel
Vulcanization The process of converting natural into usable materials
Robert Fulton The first to build a usable steamboat
Samuel Morse Inventor of the telegraph
...---... S.O.S
Enclosure Movement Fence individual plots of farmland
Tenemnts Workers lived shabby apartment building
Capitalism Individuals or corporation controls factors of production
Commercial Capitalism Commercials Trying to sell goods
Industrial Capitalism Producing and manufacturing goods
Interchangeable parts Roughly identical parts made as a piece of a whole product
Mass Production Producing large numbers of identical items
Henery Ford Used conveyor belts to assemble automobiles
Corporation Business groups that allowed people to buy stocks in their companies
J.P. Morgan Known for banking. Founded US Steel Company
Monopoly A company that is THE TOP of the specific product if not right by. EX: Disney
Cartels is Monopoly. At the top and control everything down.
Business Cycle A pattern of the economy
Depression Economy that goes down and stays down
Adam Smith Wrote book: mercantilism isn't always the way
Mercantilism Profitable trade
Free interprise Trade however you want. (Gambling)
Laissez-faire "let it be"= translation. Basically did not want the government to meddle in the operation of business
Humanitarians People who work to improve the conditions of others.
Charles Dickens English writer. Pushing for humanitarian aid.
Jeremy Bentham Reformer who argued that a law was useful
Utilitarianism "The greatest happiness of greatest number"
Strikes when a large group of workers stop working and protest. FEW
Union Association of workers formed to protect and further their rights.MANY
Means of Production Ability to produce. The capital and equipment used.
Utopian Socialists Early socialists
Robert Owen Most influential utopian socialist
Socialism Small amounts of people that live together in harmony.
Karl Marx Published"the communist manifesto" the beginning of Communism.
Friedrich Engels Helped publish"the communist manifesto" in 1848
Proletariat The struggle between the working class and the owners.
Communism Everyone is equal. Standard pay rate for each separate job. The government owns everything. Opinion based.
Democratic socialism government owns all but the people vote in one leader.
Alexander Gram Bell Inventor of the telephone.
Wright brothers Inventor of the Plain
Aerodynamics Scientific principles of the movement of air around objects.
Charles Darwin The theory of evolution/Genetics
Louis Pasture Inventor of Pasteurization (heating liquids to kill bacteria)
Alexander Fleming Discovered Penicillin which led to development of pharmaceutical drugs.
Pierre & Marie Curie Discovered Radioactivity(element constantly break down and release energy on their own.
Dmitry Mendeleyev Developed the first periodic table.
Max Planck Developed the quantum theory (formed a completely new approach to the study of matter and energy)
Albert Einstein Developed the Special theory of relativity
Sigmund Freud Founder of Psychoanalysis and Psychiatry
Emigration People moving away from their native lands.
Suburbs Residential areas on the outskirts of cities. Rich & Poor
The Irish Potato Famine 1845-1852 massive drought 25% of population is dead or left.
Created by: Scottee S.