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Industrial Rev
Industrial Revolution
Term | Definition |
---|---|
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. |