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Global 2 - Unit 4

Industrial Revolution Flashcards

TermDefinition
Agriculture the science, art, or practice of cultivating the soil, producing crops, and raising livestock
Rural relating to the country, country people or life
Urban relating to, characteristic of, or constituting a city
Urbanization the growth of cities in area and population
Enclosure the process of taking over farmland from many peasant farmers to rich wealthy farmers
Capital the value of goods or money used to invest in enterprises
Means of Production the resources, tools, and machinery used to create products and services in an economy
Capitalism the belief that enterprises, natural resources, and goods should be owned by private individuals who can afford to purchase it and that they can control their own prices, production, and distribution.
Enterprise a business organization
Entrepreneur business owners who manage their own companies
Factory a building or set of buildings used to produce/manufacture/make new products (goods)
Tenement an early type of apartment building that were cramped, unsafe, and and unclean.
Labor Union an organization of workers formed for the purpose of improving the wages, benefits, and working conditions of its members.
Utopians people who believed humans could create a perfect society.
Socialism the belief that people as a whole should own enterprises instead of private individuals.
Communism a type of socialism advocated by Karl Marx and Friedrich Engels. Communists believe that the different classes of people will eventually struggle for power and will lead to a classless socialist society.
Proletariat workers who do not own their enterprises and must sell their labor to live.
Laissez-Faire a capitalist idea that the government should interfere as little as possible in the economy.
Created by: MrSamuels
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