Beginnings
This revolution made the Industrial Revolution possible.
What is the Agricultural Revolution
People start moving into cities in a process called___________.
Urbanization
These locations were created to increase rate of production.
What is a factory?
Life in cities for working class people with little money led to the building of this living establishment.
What is a tenement?
Economic system in which the factors of production are privately owned.
What is Capitalism?
Wealthy landowners changed field ownership with this movement
What is the enclosure movement?
Who is the founder of Capitalism?
Adam Smith
This factory is where clothing was produced.
What is the textile factories?
This form of protest was used to fight for better working conditions
What is a strike?
An economic system in which all means of production is owned by the government is called...
Communism
The movement to cities from rural areas as jobs became unavailable in farmland.
What is urbanization?
List 3 benefits of industrialization:
- creation of middle class
- increase in jobs
- more affordable products
- urbanization
List 3 negative effects of industrialization:
- child labor
- dangerous working conditions
- low wages
- pollution
- spread of disease
- long work hours
List 3 changes made due to the Triangle Factory Fires:
- shorter working hours
- higher pay
- decrease in child labor
- building/safety regulations implemented
According to Karl Marx, this social class is to blame for the suffering of the poor.
What is the bourgeoisie?
Name two causes that allowed Great Britain to industrialize
Land--Lots of Resources
Labor--Population Increase
Stability/Entrepreneurship- Political Stability that encouraged Entrepreneurship
Capital--Free Market, etc.
List two of the poor working and living conditions that many suffered moving into cities and working in factories.
Long Hours; Low Wages; Dangerous Working Conditions, Child Labor, etc.
People eventually began to take action to organize and promote reform for working conditions. List any two things they did.
Strike, collective bargaining, unionize
Individuals that spent their time in mills or factories working, laborers, were part of this class in society.
Working Class
Major business owned by stockholders who share in its profits.
What is Corporations?
This is the name of in-home business that preceded factory life.
Cottage industry or putting-out system
List the three factors needed to industrialize.
Land, Labor, and Capital
Name two negative effects of industrialization.
Pollution, crime, disease, over crowding, tenements, poor living conditions, poor sanitation
Karl Marx is considered the Father of which of the following?
What is Communism?
Who defended the free-market system of capitalism in the book, The Wealth of Nations?
Who is Adam Smith?
What is the invisible hand?
A metaphor for the unseen forces that move the free market economy through individual self-interest and freedom of production
Groups created to fight for workers rights.
What is Unions?
What event paved the way for the Industrial Revolution?
Agriculture Revolution
How does capitalism create incentive?
People are motivated to create new things due to the potential of gaining wealth
A policy that let owners of industry set working conditions without government interference.
What is the laissez-faire policy?