Chapter 17 Flashcards
enclosure
To farm more effectively they fenced in the fields at the expense of peasants.
Proletarianization
When a large group of peasants transformed into landless rural wage owners.
Cottage industry
Where rural workers used their hand tools to make large scale goods in their homes for market.
putting -out system
Where a merchant loaned raw materials to the rural cottage workers who then returned them later as a finished product to the merchant.
industrious revolution
The shift when families in the northwest decided to work for wages which resulted in them being able to purchase goods but reduced self- sufficiency.
guild system
When artisanal production was organized into guilds (trade based associations) which received the ability to hire workers.
economic liberalism
The belief in competition and free trade based off of Adam Smith’s ideas that free competition would benefit the rich and poor.
Navigation Acts
Several English laws that controlled the imports of goods to the British and Britain colonies.
Treaty of Paris
The treaty that ended the Seven Years’ War and ratified British victory on colonial fronts.
debt peonage
A form of serfdom that allowed a rancher to keep his slaves in debt and periodically distributing food, shelter and very little money.
Atlantic slave trade
The forced movement of slaves across the Atlantic ocean to work in different plantations and industries. Peaked in the 18th century.
