Industrial Revolution
The shift from making goods by hand to making goods by machine
Industrial Revolution
The government controls all factors of production and enforces extreme regulations
Communism
The belief that your own culture or way of life is better than others, and was used to justify imperialism
A country or region governed internally by a foreign power & is responsible for sending resources back to the mother country
Colony
The first industry to undergo industrialization- (the first products made in factories)
The government controls the key factors of production, but individuals may still own certain businesses. The goal is to create a more equal society
Socialism
The quickest water route from Asia to Europe & made trade more efficient during the Industrial Revolution (connects the Mediterranean & Red seas)
Suez Canal
The power of a country to rule itself without another country interfering
Sovereignty
Feminism
factors of production are owned by individuals, businesses compete with one another and the goal is to make a profit
Capitalism
Powerful countries take over weaker territories to gain resources, land and power.
Imperialism
In _________, imperial powers governed their new colonies by sending foreign officials to take full control, while in _________ local leaders were allowed to stay in power under supervision of the new mother country.
1. Direct Rule 2. Indirect Rule
Machine invented by Eli Whitney that accelerated cotton production and furthered industrialization of the textile industry
Cotton Gin
A belief that the economy will run itself according to consumer wants/needs, and the government should stay out of it
Laissez-faire (hands off)
14 western nations meet to lay down rules for the division of African land and resources
Berlin Conference
Treaty of Nanjing
Groups of workers who joined together to fight for better wages and working conditions
Trade Unions
____ is to Capitalism, as ____ is to Communism
1. Adam Smith 2. Karl Marx
An outside power claims exclusive investment or trading privileges in a territory where they do not rule the land.
Spheres of Influence
A revolt in India against the British East India Company that started because of unfair treatment and a new rifle cartridge that offended both Hindu and Muslim religious beliefs.
Sepoy Rebellion