The Beginnings of Industrialization
The shift, beginning in England during the 18th century, from making goods by hand to making them by machine ...
Answer: Industrial Revolution.
The growth of cities and migration of people into them ...
Answer: urbanization.
The use of troops or ships to prevent commercial traffic from entering or leaving a city or region ...
Answer: blockade.
An economic system based on private ownership and on the investment of money in business ventures in order to make a profit ...
Answer: capitalism.
One of the fenced-in or hedged-in fields created by wealthy British landowners on land that was formerly worked by village farmers ...
Answer: enclosure.
A metropolis in SE England, on the Thames: capital of the United Kingdom and the British Commonwealth ...
Answer: London.
A business owned by stockholders who share in its profits but are not personally responsible for its debts ...
Answer: corporation.
An economic system in which all means of production – land, mines, factories, railroads, and businesses – are owned by the people, private property does not exist, and all goods and services are shared equally ...
Answer: communism.
A large building in which machinery is used to manufacture goods ...
Answer: factory.
(in Great Britain) the class socially and conventionally intermediate between the aristocratic class and the laboring class ...
Answer: middle class.
U.S. steel manufacturer and philanthropist, born in Scotland. Who am I?
Answer: Andrew Carnegie.
The idea that government should not interfere with or regulate industries and businesses ...
Answer: laissez-faire.
The resources – including land, labor, and capital – that are needed to produce goods and services ...
Answer: factors of production.
A member of any various bands of workmen in England (1811-16) organized to destroy manufacturing machinery, under the belief that its use diminished employment ...
Answer: Luddite.
U.S. capitalist and philanthropist. Who am I?
Answer: John D. Rockefeller.
German founder of modern socialism and communism. Who am I?
Answer: Karl Marx.
The development of industries for the machine production of goods ...
Answer: industrialization.
The employment in gainful occupations of children below a minimum age determined by law or custom. The minimum legal age for full-time employment is 16 years in the U.S., according to federal law; standards regulating intrastate employment vary in different states ...
Answer: child labor.
An important mining and industrial region centering in the Ruhr river valley ...
Answer: Ruhr.
Scottish political economist. Who am I?
Answer: Adam Smith.