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Industrial Rev.

RWD's for the Industrial Revolution

TermDefinition
Natural Resource Materials that exist in nature and can be used for economic gain. Ex.) Water, fertile land, oil, coal
Industrial Revolution The period in which production of goods shifted from hand production at home to complex machines in factories - began in Great Britain around 1750.
Urbanization The movement of people from rural areas to cities.
Technological Unemployment The loss of jobs caused by technological change - includes the introduction of more efficient mechanical muscle and mind machines.
Famine An extreme scarcity or shortage of food resulting in widespread malnutrition and loss of life by starvation and disease.
Proletariat According to Karl Marx this group were the “Have Nots” - members of the working class who were exploited and taken advantage of by the wealthy.
Laissez- Faire Ecomomics The belief that the government should NOT interfere with business or the economy - developed by Adam Smith. **Also known as Free Market or Capitalism
Agricultural Revolution A change in farming methods in the 1700s that improved the quality and quantity of farm products. * Also known as the Agrarian Revolution
Created by: user-1746037
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