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Chapter 21
| Term | Definition |
|---|---|
| Industrial Revolution | a period of rapid growth in the use of machines in manufacturing and production that began in the mid-1700s |
| enclosure movement | a process in Europe from 1700s to the mid-1800s where landowners fenced small fields to create large farms, allowing for more efficient farming methods increased the food supply |
| factors of production | the basic resources for industrialization, such as land, labor, and capital |
| cottage industry | a usually small-scale industry carried on at home by family members using their own equipment |
| factory | a place where goods are manufactured in mass quantity |
| industrialization | developing industries for the production of goods |
| Jethro Tull | British inventor. he invented the seed drill |
| Richard Arkwright | English inventor, in 1769 he patented the spinning frame, which spun stronger, thinner, thread |
| James Watt | Scottish inventor, he developed crucial innovations to make the steam engine efficient |
| Robert Fulton | American engineer and inventor, he built the first commercially successful, full-sized steamboat, the Clermont, which led to the development of commercial steamboat ferry services for goods and people |
| labor union | an organization representing workers' interests |
| strike | a work stoppage |
| mass production | the system of manufacturing large numbers of identical items |
| interchangeable parts | identical machine-made parts that can be substituted for each other in manufacturing |
| assembly line | a mass-production process in which a product is moved forward through many work stations where workers preform specific tasks |
| Iaissez-faire | a business system where companies are allowed to conduct business without interference by the government |
| Adam Smith | Scottish economist, he became the leader advocate of Iaissez faire economics and is considered by some to be the "father of modern economics" |
| Thomas Malthus | English economist and sociologist; his theory that population growth of food production an that poverty would always exist was used to justify low wages and laws restricting charity to the poor |
| entreperneur | a risk taker who starts a new business within the economic system of capitalism |
| Andrew Carnegie | American industrialist and humanitarian, he led forces against Vitoriano Huerta during the Mexican Revolution |
| socialism | a political and economic system in which society, usually in the form of the government, owns the means of production |
| Karl Marx | German social philosopher and chief theorist of modern socialism and communism, he declared that as capitalism grew, more and more workers would become improvised and miserable |
| communism | economic and political system in which government owns the means of production and controls economic planning |
| standard of livng | a measure of the quality of life |