Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
49 Cards in this Set
- Front
- Back
|
How goods were produced before the Industrial Revolution at home after the farm chores were completed; entrepreneurs contacted out spinning and weaving work to farm families
|
DOMESTIC SYSTEM
|
|
|
Process in factories where goods are mass produced quickly and able to be sold at lower prices
|
ASSEMBLY LINE
|
|
|
How goods were produced before the Industrial Revolution at home after the farm chores were completed; entrepreneurs contacted out spinning and weaving work to farm families
|
COTTAGE INDUSTRY
|
|
|
Process in factories where each worker makes a specific part of the product
|
DIVISION OF LABOR
|
|
|
Another term for the cloth industry
|
TEXTILE
|
|
|
How goods were produced before the Industrial Revolution at home after the farm chores were completed; entrepreneurs contacted out spinning and weaving work to farm families
|
PUTTING OUT SYSTEM
|
|
|
Period beginning in England in 1750 in which production changes from hand-made materials to factory made materials
|
INDUSTRIAL REVOLUTION
|
|
|
Period in the first half of the 1700s in which technology changes how crops were produced; allowing for a surplus of food and enabling cities to grow
|
AGRICULTURAL REVOLUTION
|
|
|
Man who suggested that turnips and clover be used in the crop rotation system - allows fields to be used every year
|
CHARLES "TURNIP" TOWNSEND
|
|
|
Term which describes when a field is left empty to allow it to regain nutrients; part of the old system known as the three-field system - very inefficient
|
FALLOW
|
|
|
French term for the middle class
|
BOURGEOISIE
|
|
|
Term for the working class
|
PROLETARIAT
|
|
|
French term indicating governments should leave businesses alone to operate as they see fit; "hand off"
|
LAISSEZ-FAIRE
|
|
|
Man who wrote The Wealth of Nations which described the laissez-faire, capitalist ideal
|
ADAM SMITH
|
|
|
The growth of cities
|
URBANIZATION
|
|
|
term for countryside
|
RURAL
|
|
|
businessman who has the capital to invest in businesses
|
ENTREPRENEUR
|
|
|
another term for money - used for investment
|
CAPITAL
|
|
|
Book written by Karl Marx describing his economic theories
|
THE COMMUNIST MANIFESTO
|
|
|
The two groups that are at the basis of all conflict throughout history according to Karl Marx
|
"HAVES" VS. "HAVE NOTS"
|
|
|
Parliamentary Commission's report on horrible conditions in factories
|
SADLER REPORT
|
|
|
Parliamentary Commission's report on horrible conditions in mines
|
ASHLEY REPORT
|
|
|
Movement combining Christianity with social improvement
|
EVANGELICALISM
|
|
|
Movement to take common lands away from peasants and group them together to make large farms
|
ENCLOSURE MOVEMENT
|
|
|
Laws created as a response to reports on horrible conditions in factories and mines - limited labor of women and children
|
FACTORY ACT/MINE ACT
|
|
|
Philosophy believing that government should do "the greatest good for the greatest number"of people
|
UTILITARIANISM
|
|
|
Believed in utilitarianism; called for better laws, better education, health services
|
JEREMY BENTHAM
|
|
|
Believed in utilitarianism and questioned unregulated capitalism; favored government taxing income so wealth could be more justly distributed
|
JOHN STUART MILL
|
|
|
A business owned by stockholders who share in the profits but are not held personally responsible for problems
|
CORPORATION
|
|
|
A group of workers organized to improve their working conditions and wages
|
UNION
|
|
|
a LIST OF TROUBLEMAKERS THAT BUSINESSES CIRCULATED - IF YOU WERE ON THE LIST YOU COULD NOT GET A JOB
|
BLACKLIST
|
|
|
A refusal of workers to work
|
STRIKE
|
|
|
A refusal of workers to work and a refusal to leave their workplace
|
SIT-DOWN STRIKE
|
|
|
Term for negotiations between labor and management
|
COLLECTIVE BARGAINING
|
|
|
Belief that a woman's role was in the home where she should create a calm, welcoming environment for her husband
|
CULT OF DOMESTICITY
|
|
|
An economic system in which the basic means of production are primarily owned and controlled collectively, usually by government under some system of central planning.
|
SOCIALISM
|
|
|
Communism (from communis = "common") is a socioeconomic structure and political ideology that promotes the establishment of an egalitarian, classless, stateless society based on common ownership and control of the means of production and property in general. ...
|
COMMUNISM
|
|
|
An economic system in which wealth, and the means of producing wealth, are privately owned; driven by desire for profit
|
CAPITALISM
|
|
|
the idea that the free interaction of people in a market economy leads to a desirable social outcome. The term was coined by Adam Smith.
|
INVISIBLE HAND
|
|
|
economic decisions, including pricing and resource allocation, are primarily determined by the free market; ie, individual consumers and firms interacting with them.
|
MARKET ECONOMY
|
|
|
Economic system in which the government owns the land, resources, and means of production and makes all economic decisions.
|
COMMAND ECONOMY
|
|
|
two economic forces at work in an economy
|
SUPPLY AND DEMAND
|
|
|
Exhibition hall in London in the mid 1850s to showcase the latest technology available at the time
|
CRYSTAL PALACE
|
|
|
The purchasers in an economy
|
CONSUMERS
|
|
|
created flying shuttle which sped up weaving process
|
JOHN KAY
|
|
|
created spinning jenny which sped up the spinning thread process
|
JAMES HARGREAVES
|
|
|
Invented seed drill
|
JETHRO TULL
|
|
|
Created the water frame which could spin 48-300 threads at one time
|
RICHARD ARKWRIGHT
|
|
|
Created cotton gin which could clean cotton 50 times more quickly than a person could
|
ELI WHITNEY
|
