Industry
Terms
People
Double Time
100
The good that the majority of the factories in Britain were producing.
What are textiles?
100
What are the Factors of Production?
Land, Labor, & Capital
100
A person who manages, organizes, and takes on the risk of a business.
What is an Entrepreneur?
100
This terms refers to the economic policy of letting owners of industry and business set working conditions without government interference.
What is laissez-faire?
200
Large buildings in which machinery is used to manufacture goods.
What are Factories?
200
The growth of cities and the migration of people into them.
What is urbanization?
200
An association of workers, formed to bargain for better working conditions and higher wages.
What is a Union?
200
The system of growing a different crop in a field each year.
What is crop rotation?
300
The natural resource that was used to power the steam engine.
What is coal?
300
To refuse to work in order to force an emplyer to meet certain demands.
What is a strike?
300
A social class made up of skilled workers, professionals, business people, and wealthy farmers.
What is the Middle Class?
300
A fenced-in field created by wealthy British land owners.
What is enclosure?
400
The shift , beginning in England during the 18th century, from making goods by hand to making them by machine.
What is the Industrial Revolution?
400
The development of industries for the machine production of goods.
What is Industrialization?
400
A German journalist who introduced a radical type of socialism and believed eventually the workers would control the government and a classless society would develop.
Who is Karl Marx?
400
An economic system which the means of production (all land, mines, factories, railroads, and businesses) would be owned by the people. All goods and service would be shared equally and all private property would cease to exist.
What is Communism?
500
The typical work week for a factory worker was...
6 days a week/14 hour days
500
An economic system in which money is invested in business ventures with the goal of making a profit.
What is Capitalism?
500
The man wrote a book called the Wealth of Nations in 1776, and defended the idea of free economy and free markets.
Who is Adam Smith?
500
A policy in which a strong nation seeks to dominate others countries politically, economically, socially.
What is Imperialism?
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