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Nadine Betancourt
Ch. 25 Industrial Revolution
| Question | Answer |
|---|---|
| The shift, beginning in England during the 18th century, from making goods by hand to making them by machine. | Industrial Revolution |
| The system of growing a different crop in a field each year to preserve the fertility of the land. | Enclosures |
| The development of industries of the machine production of goods. | Industrialization |
| The resources - including land, labor, and capital - that are needed to produce goods and services. | Factors of production |
| A large building in which manufacture is used to manufacture goods. | Factories |
| A person who organizes, manages, and takes on the risks of a business. | Entrepreneur |
| The growth of cities and the migration of people into them. | Urbanization |
| A social class made up of skilled workers, professionals, businesspeople, and wealthy framers. | Middle Class |
| To raise the money, entrepreneurs sold became of stock | Stock |
| A business owned by stockholders who share in its profits but are not personally responsible for its debts. | Corporation |
| The idea that government should not interfere with or regulate industries and businesses. | Laissez Faire |
| A professor at the University of Glasgow, Scotland. | Adam Smith |
| An economic system based on private ownership and on the investment of money in business ventures in order to make profit. | Capitalism |
| The theory, proposed by Jeremy Bentham in the late 1700's that government actions are useful only number of people. | Utilitarianism |
| An economic system in which the factors of production are owned by the public and operate for the welfare of all. | Socialism |
| Introduced the world to a radical type of socialism called Marxism. | Karl Marx |
| An economic system in which all means of productions - land, mines, factories, railroads, and businesses. | Communism |
| An association of works, formed to bargain fot better working conditions and higher wages. | Unions |
| To refuse to work in order to force an employor to meent certain demands. | Strike |
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