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16 Cards in this Set
- Front
- Back
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industrial revolution
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started 1700s
more machines were made, farmers became poorer. there were less jobs during this time because machines took place of people. |
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cottage industry
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job making cotton blankets and weaving cotton
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factors of industrial revolution
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1. Britain was making more food in 18th century because agriculture improved.
2. more food=More people parliament passed laws in 1700s that'd allow landowners to close off land. 3. Britain had a ready supply of money to invest in new machines. 4.Natural resources were plentiful in Britain. the rivers provided water power for steam engines. landscape was rich in the Coal and Iron ore that was needed for manufacturing. 5. british had a free society. govt didnt heavily regulate the economy and the ideas circulated freely. inventors and capitalists finally had freedom. 6. market was growing, ships could transport stuff. goods could go anywhere in the world |
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James Watt
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Scottish engineer
improved the steam engine in 1760s, 1782 made changes that allowed the steam engine to drive machinery. |
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Puddling
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developed by Henry Cort, a way to produce better iron . coke was used to purify crude iron.
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capital
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money
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enclosure movement
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parliament passed laws in 1700s that allowed landowners to fence off common lands
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migrate
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to move from one place to another
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Robert fulton
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built the first paddle wheel steamboat, the Clermont.
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communism
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govt controls sales, tell marketers to put certain prices on things and keep most of profit
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capitalism
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trade is controlled by private owners for profit.
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industrial capitalism
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economic system that Is based on manufacturing and goods.
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socialism
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economic system where usually the form of government owns and controllable parts of the economy (factories)
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Karl Marx
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German philosopher, economist
wrote The Communist Manifesto and Das Kapital. founder of Sociology |
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laissez faire
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policy where govt do not interfere in market work
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urbanization
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towns and cities are formed, over time become bigger due to economy.
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