chapter 17 flash cards
Enclosure
Movement in England to fence in fields to farm more efficiently, causing poor peasants to have to move out of agriculture
Proletarianization
Transformation of high numbers of peasants farmers to landless wage owners
Cottage Industry
Manufacturing of goods in rural workers home to be sold on the market
Putting-Out System
Rural Industry where merchant loaned raw materials to a cottage worker who processed them into a good, to be given back to the merchant
Industrious Revolution
Shift that occurred in north western Europe where families focused on earning a wage instead of producing for themselves
Guild System
Organization of artisan production into Guilds, where each guild would have a monopoly in the market
Economic Liberalism
Belief that free trade and competition would benefit all individuals, based on the arguments of Adam Smith
Navigation Acts
English laws that controlled the import of goods to Britain and British colonies
Treaty of Paris
Treaty that ended the Seven Years’ War in Europe and the colonies in 1763
Debt Peonage
Form of serfdom that allowed for perpetual debt for the serf as a result of forcing goods onto them
Atlantic Slave Trade
Force migration of Africans to the Americans for slave labor on plantations; involved more than 12 million Africans