Chapter 17 Flashcards
Enclosure
The fencing of fields to farm more efficiently
Proletarianization
the change of large amounts of peasants into landless rural wage earners
Cottage Industry
rural workers would handmake goods in their homes on a large scale
Putting-Out system
a merchant loaned cottage industries raw materials in return of finished products
Industrious revolution
northwestern europeans focused on making wages instead of hand made products
Guild System
artisans had a monopoly over certain goods and they could only train people to do their monopoly
Economic Liberalism
the idea that free trade and competition based on adam smith that it would benefit rich and poor
Navigation Acts
english laws that controlled the import of goods to british colonies
Treaty of Paris
ended the 7 years war in europe and the colonies in 1763
Debt Peonage
A planter or rancher could continuously keep a slave because they would be in debt as the master continued to raise prices against them
Atlantic Slave Trade
Forced movement of Africans across the atlantic to the plantations and it peaked with over 12 million slaves
