Vocab
Large closed in fields
What are enclosures
this revolution greatly increased output of machine made goods
What is industrial
Average hours of work during industrialization
What is 14
Businesses owned by stockholders
What is a corporation
Letting owners of industry and business set working conditions as well as pay
What is laissez faire
City building and the moving of people to the cities
What is urbanization
This is when you plant corn one year and beans the next
What is crop rotation
Social class made of skilled workers, professionals, businesspeople, and wealthy farmers
What is the middle class
This was the first industry to become industrialized
What is the textile industry
this person Defended the idea of free economy, or free market
Who is Adam smith
People become part owners
What is stock
the first country that an had expanding economy to support industrialization
Where is Britain
The Laborers
What is the working class
These are natural resources required to Industrialize a nation
What are oil, coal, iron
Judged ideas, institutions, and actions on the basis of their utility or usefulness
What is Utilitarianism
Factors of production are owned by the public and operate for the welfare of all
What is Socialism
New invention to spin wool faster
What is a Spinning wheel
This revolution created jobs and contributed to the wealth of the nation
What is Industrial
This was required to build large businesses such as the railroads
What is money
this is a economic system created by Karl Marx a Radical type of socialism
What is Marxism
Refuse to work to try and gain better work environment
What is a strike
this new invention made transportation better and faster
What are steam driven locomotives
in the textile industry kids worked on these machines
what are spinning machines
European nations dubbed this the _______ because it was Britain’s profitable new methods of manufacturing goods
British miracle
Workers joined together in voluntary labor associations
What is a union