Labor
Hard physical work done by people
Mercantilism
Agricultural Revolution
People started hunting and gathering subsistence to one of agriculture and animal domestications.
Thomas Edison
Inventor and business man
Communism
a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
Strike
A revolt or act of violence.
Entrepreneur
A person who starts their own business.
Textile Factory
It transforms a basic fiber into a product
Henry Bessemer
English inventor, whose steel-making process would become the most important technique for making steel in the nineteenth century for almost one hundred years
Capitalism
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
Plantations
Farms where people would gather the things needed for the owner in this case cotton
Factory
A place people work
Industrial Revolution
it is the process of change from an agrarian and handicraft economy to one dominated by industry and machine manufacturing.
Charles Darwin
naturalist, geologist, and biologist.
Socialism
a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
Cotton mills
Coal Mines
Railroads
It moved goods and people across great distances, facilitated the settlement of large portions of the country, created towns and cities, and unified a nation.
Louis Pasteur
French chemist and microbiologist
Union Labor union
the action or fact of joining or being joined, especially in a political context.
Boycott
withdraw from commercial or social relations with (a country, organization, or person) as a punishment or protest.
Division of labor
It is the separation of a work process into a number of tasks, with each task performed by a separate person or group of persons
Steam Engine
James Watt
inventor, mechanical engineer, and chemist
Capital
Something to invest in