Things to know
There were many factors of production or how much of something you can produce and this includes....
1.Land
2._____
3.______
4. Entrepreneur
Labor
Capital
The shift from hand production to machine-based manufacturing is called ....
What is Industrialization
The Effect of Industrialization was the people having to move to cities to find jobs... this was called
What is Urbanization
Business Leaders who take financial risks and start up companies from the ground up
Who are Entrepreneurs
__________ Movement is when Farmers' lands were combined into larger, more efficient farms. There weren't as many jobs because of this...
What is the Enclosure Movement
Type of Economy that allows private ownership and free market
What is Capitalism
A new farming technique we learned from the Native Americans: we change what we grow based on the specific soil. It increased food production
What is Crop Rotation
Type of Economy that allows collective ownership and the government controls everything
*Think of the School Example
What is Communism
To have the Proper Production you have to money and Equipment ... What is that called
What is Capital
Believed that capitalism was created to exploit hard workers while whoever owns businesses profits. His Ideals are later called Marxism.
Who is Karl Marx
List three of the machines taking over Agricultural jobs that Farmers/Slaves/Workers.
*We studied a different one on each row
Mechanical Reaper
Steel Plow
Seed Drill
Steam Tractor
Thresher