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Global 10
Unit 1 Industrial Revolution
| Term | Definition |
|---|---|
| Command Economy | An economy in which production, investments, prices and incomes are determined by the GOVERNMENT. (Communism) |
| Economics | An exchange of good & services |
| Labor Unions | Organized association of workers formed to protect their rights & interests |
| Facism | form of radical agressive nationalism; emphasizes racism;Nazi/Neo-Nazi |
| Xenophobia | intense or irrational dislike or fear of people from other countries |
| Islamophobia | irrational fear of Islam or the people that practice it |
| Proletariat | french word for works or working class people;exploited by the bourgieoisie |
| Bourgeoisie | french word meaning middle class; Pro of the Industrial Revolution |
| Tenement | a rundown and often overcrowded apt.-house in poor section of city |
| Poor Laws of 1884 | passed by British Parliament with intention to reduce cost of looking after the poor |
| Charles Dickens | English writer whose novels depicted and criticized social injustices ; Christmas Carol & Oliver Twist |
| Thomas Malthus | 18th century philosopher & economist who became famous for his ideas on population growth |
| Exploitation | Action or fact of treating someone unfairly in order to benefit from their work |
| Urbanization | movement of people from rural areas to cities |
| Enclosure | process of taking over and consolidated land formerly shaped by farmers |
| Mass Production | practice of producing goods/products in large amounts |
| Industrial Revolution | a period of change that increased the output of goods made by machines; starts in Great Britian in 1750s a.a.r.o. abundant natural resources |
| Richard Arkwright | an inventor of the water powered spinning jenny |
| Steam Engine | invented by James Watt in 1781 revolutionizes energy output, changing how goods are produced |
| Adam Smith | wrote Wealth of Nation (1776) foucsing on economic theory...laissez-faire |
| Capitalism | economic system where the goods and services are controlled by supply and demand |
| Market Econony | economic system in which decision on production and consumption of goods and services are based on the voluntary exchange in markets; capitalism;money economy |
| Karl Marx | wrote Communist Manifesto which examined the treatment of the proletariat worker and predicted a revolution led by proletariat "classless society" |
| Communism | economic system where the government is the most important;government controls the means of production |
| Niccolo Machiavelli | wrote The Prince focusing on the use of political power |
Created by:
mbarkley
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