Chapter 13 Flashcards
Anesthetic
Drug that prevents pain during surgery
Enclosure
The process of taking over and consolidating land formerly shared by peasant farmers
Smelt
melt in order to get the pure metal away form its waste matter
Capital
money or wealth used to invest in business or enterprise
Enterprise
Business organization in such area as shipping, mining, railroads, or factories
Entrepreneur
Person who assumes financial risk in the hope of making a profit
Turnpike
Private road built by entrepreneurs who charged a toll to travelers who used it
Urbanization
movement of people from rural areas to cities.
Tenement
multistory building divided into crowded apartments.
Labor Union
Worker’s organization
Standard of Living
measures the quality and availability of necessities and comforts in a society.
Utilitarianism
The idea that the goal of society should be to bring about the greatest happiness for the greatest number of people.
Socialism
System in which the people as a whole rather than private individuals own all property and operate all business
Social Mobility
The ability to move in social class
Means of Production
Farms, factories, railways, and other large businesses that produce and distribute goods