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Junko Industrial Rev
| Term | Definition |
|---|---|
| Enclosure | The system in which wealthy landowners purchased large parcels of land and surrounded the area with hedges or fences |
| James Watt | He perfected the steam engine which provided an new source of power and allowed factories to be built in urban areas |
| Middle Class | The Industrial Revolution in England helped to increase the size of this social class |
| Urbanization | The increase size and population of cities |
| Factory Acts | These laws passed in England helped to limit the hours that children could work in the factories and mines |
| Crop Rotation | Farmers discovered that certain vegetables work well together to recharge the soil |
| Textiles | The industry was the first to become industrialized in England |
| Karl Marx | The father of Communism that wrote the Communist Manifesto |
| Adam Smith | The modern day Capitalist that wrote the book Wealth of Nations |
| Cottage Industry | Early agricultural economic system by which men would farm and women would make goods for the marketplace |
| Bourgeoisie | Factory owning middle class as described by Karl Marx |
| Proletariat | The working class that formed to overthrow the Bourgeoisie |
| Law of Self Interest | Individuals and businesses work for the good of themselves and not for the good of others |
| Law of Competition | Law that states quality will be high and prices would be low |
| Capitalism | The free market economic system that Adam Smith advocated |
| Communism | System of shared equality put forward by Karl Marx |
| Laissez Faire | The idea that governments should not regulate businesses |
Created by:
mjunko1
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