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Industrialization

Terms

TermDefinition
onset comienzo
workshops talleres
ownership propiedad
Norfolk four-course system is a method of agriculture that involves crop rotation. Unlike other methods such as the three-field system, the Norfolk system is marked by an absence of a fallow year
Enclosures acts (1845) were a series of Acts of Parliament that empowered enclosure of open fields, to turn common land into private property in England and Wales.
Open-field system large fields shared by the local community
profits ganancias
availability disponibilidad
steam engines máquinas de vapor
investments inversiones
steamboat It was invented by Robert Fulton in 1807, applied the steam engine to boats
rocket It was a locomotive capable of going up slopes. It was invented by Stephenson in 1929.
onwards hacia delante
public limited company the capital is divided into small amounts called shares. This way the profit and the risks was divided among a large number of shareholders.
stock market Mercado o bolsa de valores
speculation investment in stocks, property, etc. in the hope of gain but with the risk of loss.
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
class society society organized into groups to which it belongs in terms of money and merit.
bourgeoisie dominant social group formed by the elite that concentrated wealth and power. Within the bourgeoisie distinguished high, medium and low.
proletariat social group that provides the labor that society needs for factories, mines and workshops to work. Its members were peasants who emigrated from the countryside to the cities or craftsmen who had been ruined by the process of industrial mechanization.
socialism a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
anarquism belief in the abolition of all government and the organization of society on a voluntary, cooperative basis without recourse to force or compulsion.
Created by: nmp