11.52-11.55 Flashcards
landowners collectively, especially when considered as a class having political or social influence.
squirearchy
enclosed open fields and common land in the country, creating legal property rights that was previously considered common
Enclosed Acts
to improve conditions for children working in factories. Young children were working very long hours in workplaces where conditions were often terrible.
Factory Act of 1802
Wrote the book Wealth of Nations, his theory was that wealth is created through productive labor, and that self-interest motivates people to put their resources to the best use
Adam Smith
He thought that the supply of food cannot keep up with the growth of the human population, inevitably resulting in disease, famine, war, and calamity
Thomas R. Malthus
English engineer and principal inventor of the railroad locomotive.
George Stephenson
a loom powered by water, steam, or electricity rather than by hand.
Power Loom
abstention by governments from interfering in the workings of the free market.
Laissez-faire
international trade left to its natural course without tariffs, quotas, or other restrictions.
Free trade
a multi-spindle spinning frame, and was one of the key developments in the industrialization of textile manufacturing during the early Industrial Revolution
Spinning Jenny
a proposed law of economics that asserts that real wages always tend, in the long run, toward the minimum wage necessary to sustain the life of the worker
Ricardo’s iron law of wages
He invented the flying shuttle
John Kay
He invented the steam engine
Richard Arkwright
a Scottish inventor, mechanical engineer, and chemist who improved on Thomas Newcomen’s 1712 Newcomen steam engine with his Watt steam engine in 1776, which was fundamental to the changes brought by the Industrial Revolution in both his native Great Britain and the rest of the world
James Watt
a conscious movement that began in England to revive Gothic forms, mostly in the second half of the 18th century and throughout the 19th century. Started because of Romanticism
Gothic revival