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17 Cards in this Set

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  • Back
Capital
the saved up wealth used in business to create new wealth
Eli Whitney
inventor of the cotton gin [eliminated the tedious task of seperating cotton seeds and fibers by hand]
Capital
the saved up wealth used in business to create new wealth
Enclosure Acts
a series of acts passed by the Parliament which enclosed the "commmon land" in the country-- people who had once owned land were forced to give up their land by their landlords so that the landlords owned a significant amount of land
disposable income
the amount of after-tax income that is available to divide between spending and personal savings
Eli Whitney
inventor of the cotton gin [eliminated the tedious task of seperating cotton seeds and fibers by hand]
Power loom
designed by Edmund Cartwright [1784]-- mecahnized loom driven by driving shafts [a rotating shaft that transmits mechanical power]
Luddites
any of a group of British workers who rioted and destroyed laborsaving textile machinery [in the belief that such machinery would diminish employment]
Coal
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The Bessemer process
a method for making steel by blasting compressed air through molten iron to burn out excess carbon and impurities
James Watt
Scottish instrument-maker [real creator of the modern steam engine]-- designed a new engine that used steam
Canals
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Steamboats
steam powered boats;
The Rocket
[combination of both experimenting with rails over which to haul heavy freights and with the adaptation of the steam engine to locomotion on land]--created by George Stephenson, famous for speeding over the Liverpool-Manchester line in England at 25-30 mph
Samuel F.B. Morse
inventor of the electric telegraph, famous for the sending of the message "What God hath wrought"--allowed communication between moving trains and railroad officials
Working-class/proletariat
new class of society throughout the industrial cities;factory workers-- "labors"
Middle-class/bourgeoisie
new class of society throughout the industrial cities;factory owners and managers and the lawyers, engineers, bankers, and other techinically trained professional people-- "middle class"