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17 Cards in this Set
- Front
- Back
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Capital
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the saved up wealth used in business to create new wealth
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Eli Whitney
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inventor of the cotton gin [eliminated the tedious task of seperating cotton seeds and fibers by hand]
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Capital
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the saved up wealth used in business to create new wealth
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Enclosure Acts
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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
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disposable income
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the amount of after-tax income that is available to divide between spending and personal savings
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Eli Whitney
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inventor of the cotton gin [eliminated the tedious task of seperating cotton seeds and fibers by hand]
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Power loom
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designed by Edmund Cartwright [1784]-- mecahnized loom driven by driving shafts [a rotating shaft that transmits mechanical power]
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Luddites
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any of a group of British workers who rioted and destroyed laborsaving textile machinery [in the belief that such machinery would diminish employment]
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Coal
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The Bessemer process
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a method for making steel by blasting compressed air through molten iron to burn out excess carbon and impurities
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James Watt
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Scottish instrument-maker [real creator of the modern steam engine]-- designed a new engine that used steam
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Canals
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Steamboats
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steam powered boats;
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The Rocket
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[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
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Samuel F.B. Morse
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inventor of the electric telegraph, famous for the sending of the message "What God hath wrought"--allowed communication between moving trains and railroad officials
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Working-class/proletariat
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new class of society throughout the industrial cities;factory workers-- "labors"
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Middle-class/bourgeoisie
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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"
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