History Flashcards

Front 1

Industrial Revolution

Back 1

A rapid major change in an economy marked by. the power driven machinery or by an important change in the prevailing types and methods of use of such machines

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cottage industry

Back 2

a system for making products to sell in which people work in their own equipment

Front 3

James Watt

Back 3

Scottish engineer and inventor whose improvement in the steam engine led to its wide use in industry

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Urbanization

Back 4

when populations of people grow,the population of a place may spill over city to nearby areas

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Puddling

Back 5

the process of converting pig iron or rarely steel by subjecting it to heat and frequent stirring in furnace in the presence of oxidizing substances

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Migrant

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a worker who moves from place to place to do seasonal work

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Industrial Capitalism

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is an economic system in which trade,industry, and the means of productions are largely or entiely privately owned and operated for profit

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Socialism

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a political and economic theory of social organizations that advocates that the means of production, distribution ,and exchange should be owned or regulated by the community as a whole

Front 9

Robert Fulton

Back 9

Americans inventor who desighned the first commercially successful steamboat and the first steam warship

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Laissez faire

Back 10

the theory or system of government that upholds the automous character of the economic order,believing. that government should intervene as little as possible in the direction of economic affairs

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Capitalism

Back 11

an economic and political system in which a countrys trade and industry are controlled by the state

Front 12

Utilitarianism

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the doctrine that actions are right if they are useful or for the benefit of a majority

Front 13

Karl Marx

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founder of modern communism ,wrote the Communist Manifesto with Engels in 1848

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Communism

Back 14

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