Causes
During this time period, new methods in agriculture made farming easier and more productive
Agricultural Revolution
A machine invented by James Watt that powered new inventions
Steam Engine
Who developed the idea of Laissez-Faire Capitalism?
Marx believed that at first, the government would establish a socialist economy in which the means of production are shared. Over time, he predicted that the government would go away, and there would instead be a __________________ society.
Communist
This group benefited most during the Industrial Revolution
Middle Class
Since there were fewer agricultural jobs available, many people moved to cities. This movement of people from rural areas to cities is called...
urbanization
A machine invented by James Hargreaves that made the spinning of thread very fast
Spinning Jenny
The french term that means that the government should not interfere with the economy
Laissez-faire
Marx believed that the entire course of history was a class struggle between these two groups
The "haves" and "have-nots" (bourgeoisie and proletariat)
What did the Sadler Report investigate?
Working conditions
There are FOUR different aspects of Britain's geography that made it a good candidate for industrialization. Describe one of them
Island - easy to trade on sea
Location - between north and south Europe
Rivers - easy transportation
Natural Resources - coal and iron to build and fuel machines
An invention made by Jethro Tull that helped with planting during the Agricultural Revolution
Seed Drill
An economy in which people are free to make their own economic decisions is called a _________ ________ economy.
Free Market
The name for the lower class, who Marx predicted would revolt against the bourgeoisie
Proletariat
a group of employees who work together to bargain for rights
Union
These people invested their own money to start businesses. This word means "owners of businesses"
Entrepreneurs
A machine made by Richard Arkwright, which spun thread but was powered by water
Water Frame
The Law of __________________ says that individuals who are free to pursue their self-interest will produce goods and services that others want, at prices that they will be willing to pay
Supply and Demand
Marx co-wrote his book with this person
Fredrich Engles
These laws were passed to improve factory conditions and limit work hours for children and women
Factory Acts
What new method of land transportation was developed to help with the transportation of goods?
Machine created by John Kay that very quickly wove large pieces of fabric
Flying Shuttle
Whatever you need to create a good or service (factories, raw materials, machines, etc.)
The name of the book that Marx and his colleague wrote
The Communist Manifesto
This scholar argued that overpopulation would mean more suffering for the lower classes
Thomas Malthus