It's Just Business
Event where workers refuse to work until a given condition is met by the employer
What is a strike?
Labor associations that workers join for mutual benefit
What are unions?
Belief that government harms people and doesn't need to exist society to run
What is anarchism?
This means of transportation largely improved during the industrial revolution allowed for faster transport of goods across land areas
What is a train?
The process for building a product step by step, where each step is completed by a different worker until the item is finished
What is an assembly line?
What is division of labor?
The author of the Communist Manifesto who believed workers would revolt against the owner class
Who is Karl Marx?
The economic system where the means of production are owned by private individuals/businesses
What is capitalism?
This means of transportation allowed for faster movement of goods and people by water
What is a steamship?
The ability (largely due to machines) to generate a large amount of goods through assembly-line production
What is mass production?
A business or company that is owned by stockholders
What is a corporation?
A person who organizes, manages, and takes on the risk of operating a business; a business owner
What is an entrepreneur?
The economic system where the means of production are owned by workers themselves "for the benefit of all society"
What is communism?
Identical, machine-made parts that could easily be replaced due to their uniform sizes/shapes
What are interchangeable parts?
The political pamphlet written by Karl Marx that explained how workers would revolt against the owner classes at the fall of capitalism
What is the Communist Manifesto?
A small fraction of ownership in a business
What is stock?
The mass movement of people into cities during industrialization, drastically increasing the size of cities
What is urbanization?
The economic system where the means of production are owned by the government for the good of society
What is socialism?
The physical, non-human resources needed to produce goods and services (like land, labor, tools, and wealth)
What are factors (or means) of production?
The economic approach that business owners should set working conditions without government interference
What is laissez faire?
The ability for a worker to become an expert in one step of the manufacturing process
What is specialization?
The economist and professor who believed in free markets (government not interfering in business)
Who was Adam Smith?
Policy of judging ideas, institutions, and actions based on their usefulness
What is utilitarianism?
The process of becoming able to machine-manufacture goods and products
What is industrialization?
Who are society as a whole?