six
era of technological development and transition to new manufacturing practices
what is the Industrial Revolution
large and increasing gap between Europe (and certain colonial states) and the rest of its world
What is the Great Divergence
legal or binding contract between two or more parties, historically implied unpaid labour
what is Indenture
American industrialist who streamlined assembly line/conveyor belt manufacturing
who is Henry Ford
individual who gains wealth off the work of others
What is Robber baron
Economist and philosopher who pioneered the concept of a political economy, famously known for the concept of the 'invisible hand'
who is Adam Smith
what is Foreign investment
organization or association of workers formed to protect the rights and interests of their members
what is a Workers Union
period of rapid scientific discovery
what is the Second Industrial revolution or Technological revolution
large corporations that employed thousands of workers in the gilded age of US corporations and innovation in the 19th century
what are American big businesses
its invention brought with it semi-automated manufacturing and increased production
what is the Steam Engine
unpaid labour that was foundational for the American economy
what is Slavery
Theoretical concept tied to 'Unfettered Economies'
What is: Laissez Faire
what are Zaibatsu
form of capitalism that focuses on consumer demand and mass retailers
what is retail capitalism
movement of goods from one place to another
what is Transportation
monoculture farming typically owned by a single person or family
what is Plantation or Plantation Agriculture
idea that the united states was destined to expand across the north american continent invoked by the Monroe Document
what is Manifest Destiny
system of economic and political integration where property business nd industry are owned by persons not the state
what is Liberal Capitalism
the concept that increasing the consumption of goods is the desirable goal/the theory that spending is the main driver of economics
what is consumerism
practice of reducing the level of skilled labour necessary to complete a job
what is Deskilling
system of economic management advocated by US economist Fred Taylor
what is taylorism
movement of people across borders to live
what is immigration
workers with special training and knowledge they can apply to their work
what are skilled workers
what is public relations