Chapter 17 Flashcards
enclosure
The movement to fence in farms to farm more effectively at the expense of peasants.
Proletarianization
The transfer of peasant farmers to landless rural wage earners.
cottage industry
Industrial development that involved the use of workers house tools to manufacture goods.
putting out system
The system in which merchants would loan raw materials to cottage workers in return for finished goods.
Industrious revolution
A shift where households were inclined to work for wages rather than produce goods for there
household.
guild system
an association of artisans and merchants who oversee the practice of their craft/trade in a particular area who received a monopoly on traded goods.
economic liberalism
The belief in free trade based upon the foundation of Adam Smiths work.
Navigation acts
A British law that controlled imports.
Treaty of Paris
The treaty that ended the seven years war in Europe.
debt peonage
A form of serfdom that allowed a planter to keep his workers or slaves through perpetual debt bondage.
Atlantic slave trade
The forced African migration across the Atlantic for slave labor in plantations.
