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69 Cards in this Set
- Front
- Back
Industrial revolution |
the transition from hand making to machine making in Europe and the U.S. It also led to a population growth. |
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Factors of production |
Land , Labor , Capital , Entrepreneur, Technology |
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land |
the part of the earths surface that is not covered by water |
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labor |
work , especially physically |
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entrepreneur |
a person who organizes and operates a business of businesses, taking on greater than normal financial risks in order to do so |
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public |
exposed to general view . |
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private |
belonging to or for the use of one particular person or group of people only |
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natural resources |
naturally occurring source of wealth, as water and land , forest , minerals |
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raw |
in its natural state , not processed or purified |
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materials |
the substance or substances of which a thing is made or composed |
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innovation |
something new or different introduced |
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invention |
a new useful process , machine , or improvement that did not exist previously |
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calicoes |
a plain woven cotton cloth printed with a figured pattern , usually on one side |
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flying shuttle |
key developments in the industrialization of weaving . it allowed a single weaver to weave much wider fabric |
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mule |
the offspring of a donkey and a horse |
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power loom |
a mechanized loom , |
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England |
the largest division of the United Kingdom , constituting with scotland and wales |
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james watt |
a Scottish inventor , mechanical engineer , and chemist who improved thomas newcomen steam engine in 1776 |
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George stephenson |
English civil engineer and mechanical engineer. |
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Factory system |
a method of manufacturing using machinery and division of labor because of the high capital cost of machinery and factory building |
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Manchester |
an industrial city in northwestern england |
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enclosure |
the process of taking over and consolidating land formerly shared by peasant farmers |
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seed |
the fertilized matured ovule of a flowering plant |
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drill |
a tool with two or more cutting edges for making holes in firm materials |
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livestock breeding |
domesticated animals raised in an agricultural setting to produce labor and commodities such as meat , eggs , milk , fur , leather and wool |
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luddites |
a secret oath based organization of english textile workers in the 19 th century . a radical faction of which destroyed textile machinery as a form of protest |
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Eli whitney |
an american inventor best known for inventing the cotton gin |
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henry ford |
an american capital of industryband a business magnate . the founder of ford motor company, and the sponsor of the assembly line technique of mass production |
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mass production |
also known as the flow production or continuous production. is the production of large amounts of standardized products |
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industrial capitalism |
refers to a political and economic system that was developed in europe and america during the enlightenment |
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corporations |
a company or group of people authorized to act as a single legal person and recognized as such in law |
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trust |
acceptance of the truth of a statement without evidence or investigation |
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cartels |
an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition |
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crystal palace |
a large building of prefabricated iron and glass resembling a giant greenhouse designed by Joseph Paxton for the great exhibition of 1851 in Hyde Park london |
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Demographic transition |
A change from high birth and death rates to low ones , and hence an older population in society |
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birth control |
the practice of preventing unwanted pregnancies |
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urbanization |
the process of making an area more urban |
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migration |
seasonal movement of animals from one region to another |
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transcontinental migration |
crossing a continent |
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domestic economy |
relating to the running of a home or to a family relations |
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mobility |
ability to move or to be moved freely and easily |
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private sector |
the part if the national economy that is not under direct government control |
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government sector |
an area or portion that is distinct from others |
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egalitarian |
relating to or believing in the principle that all people are equal and deserve equal sights and opportunities |
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social class |
a division of a society based on social and economic status |
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nobility |
the quality of being noble in character , mind , birth , or rank |
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aristocracy |
the highest class in certain societies especially those holding hereditary titles or offices |
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middle class |
the social group between the upper and working classes , including professional and business workers and their families |
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peasantry |
small holders and agricultural laborers of low social status |
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import |
bring ( good or services ) into a country from abroad for sale . |
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export |
send ( goods or service ) to another country for sale |
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working class |
the social group consisting of people who are employed for wages especially in manual or industrial work |
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industrial families |
men were expected to fund the family and make all the crucial decisions for the family and discipline the children . women were nurtures who cared for the family , worked at home and performed all household duties . children started working in factories as laborers to support the family |
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mercantilism |
belief in the benefits of profitable trading |
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capitalism |
an economics and political system in which a country’s trade and industry are controlled by private owners for profit rather than by the state |
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manufactured goods |
produced on a large scale using machinery |
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monopoly |
the exclusive possession or control of the supply of or trade in a commodity or service |
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majority |
the greater number |
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utopian socialist |
an advocate of utopian socialism |
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minority |
the smaller number of part |
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trade unions |
an organized association of workers in a trade group of trades or profession formed to protect and further their rights and interests |
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socialism |
a political and economic theory of social organization which advocates that the means of production, distribution and exchange should be owned or regulated by the community as a whole |
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adam smith |
scottish economist and philosopher . |
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karl marx |
german philosopher, economist , sociologist , journalist, and revolutionary socialist |
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friedrich engels |
german socialist and political philosopher. he collaborated with karl marx in the writing of the communist manifesto |
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communist manifesto |
is an 1848 political pamphlet by the german philosopher karl marx and friesrich engels . |
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france |
is a country with territory in western europe and several overseas regions and territories |
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germany |
officially the federal republic of germany . is a country in central and western europe |
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united states |
is a country composed of 50 states a federal district, five major self governing territories, and various possessions |