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Causes, Effects and key events of the Industrial Revolution

fenced off common land that had previously been open to all people (common lands) enclosure movement
money used for investment capital
business owners willing to take risks to make a profit entrepreneurs
why the Industrial Revolution began in Great Britain land, labor, capital
idea that the government should not interfere in the economy laissez-faire
system where goods were made in the homes (pre-industrial revolution domestic system
rapid growth of cities (effect of the IR) urbanization
system in which individuals own the means of production (private ownership of business)and supply and demand determines prices, wages, etc. capitalism
industrial middle class bourgeoisie
industrial working class (conditions worsened as a result of the Industrial Revolution) proletariat
economic system in which the government owns the means of production socialism
author of the Wealth of Nations who wrote about laissez-faire and capitalism Adam Smith
economic system in which there are no social classes, no government, no private property and class antagonisms no longer exist communism
Written by Karl Marx and Frederick Engels b/c of the effects of the Industrial Revolution Communist Manifesto
In reaction to poor working conditions, workers formed these which allowed for collective bargaining, etc. labor unions
Economic system where most people farm, they barter for goods, and sons often "inherit" the occupations of their fathers. This type of economy was very local traditional economy
major advances in agriculture that meant that fewer farmers were needed and provided the labor force for the Industrial Revolution Second Agrarian Revolution
group who attempted to sabotage and destroy textile machinery in response to the idea that machines were replacing workers. Luddites
refusal to work strike
negotiations between an employer and the union representatives for their workers collective bargaining
an action where workers refuse to work but also refuse to leave their work station until a settlement is reached sit down strike
a series of laws in England that mainly focused on limiting the hours and types of jobs for children, and eventually women Factory Acts
Committee that heard testimony on child labor and issued a report to Parliament about the child labor issue Sadler Committee
author of the Communist Manifesto and the father of communism. Believed that the proletariat would overthrow the bourgeoisie in a violent revolution and set up a society with no social classes, no government and no private property. Karl Marx
Created by: mrfordglobal