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History-Industry

Crop Roatation to rotate what you grow to keep the soil rich
Urbanization to move to the city
Stock a share in a company
stock=? share
Corporation business that sells stock
Capitalism is driven by... supply and demand
No goverment Capitalism
Goal to create a classless society Communism
Philosopher Adam Smith believed in Capitalism
Union a group that protects workers
Workers started to form unions. What did this group fight for? Petter pay, working hours and conditions for those in the factory
Where and with what did Agricultural Revolution start? It started on farms with enclosures and crop rotation.
What are the 7 M's? Minds, Manpower, Managers, Materials, Market, Money, Modes of Transportation
Minds the ideas and inventions
Manpower workers
Managers made sure the product gets built
Materials supplies to make things
Market where you sell the product
Money buys supplies and pay workers
Modes of Transportation to ship products by ship or train
Great Britain had... materials, money, market, and modes of transportation
First factories opened produced... textiles (cloth)
First factories were built near... water sources
People in the middle class had... skilled trades and were managers
Middle class men were seen as , and women breadwinners, raised the children
No one under 9 could work Factory Act of 1833
Ages 9-12 could work 8hr days Factory Act of 1833
Ages 13-17 could work 12hr days Factory Act of 1833
Socialism gov owns big business and people own small
Mix of people and gov Socialism
Communism gov controls everything
Total gov control Communism
Philosopher Karl Marx believed in... Communism
Enclosure to fence in land
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