Chapter 19 Vocab Flashcards
Open Field System
A medieval farming system where peasant farmers farm one land as a community. No dividers or fences.
Famine Foods
The foods eaten by a desperate population. Includes food such as chestnuts, bark, and grass in order to escape starvation
Fallow
Inactive; unproductive( refers to soil)
Common Lands
The public meadows maintained by villages and shared for public use.
Agricultural Revolution
Period of time from the mid 17th century on in Europe. A time where agricultural progress was made and the fallow gradually eliminated. Production of food rose dramatically. Farming was made easier and faster
Crop rotation
System where farmers rotate the crops grown in each field to avoid depleting the soil
Enclosure
Process of closing off and fencing land. Individual share of pastures meant to make farming more efficient
Proletarianization
The transformation of large number of small peasant farmers into landless rural wage earners. Skilled craftsman turn into unskilled factory workers
Jethro Tull
English inventor. Advocated use of horses over oxen. Developed seed drill and selective breeding
Tenant Farmers
Farmer who works land owned by another and pays rent in either cash or crops
Cottage Industry
A method of production in which tasks are done by individuals in their rural homes. Wage workers and hand tools preceded the emergence of large scale factory working
Putting-out system
System of merchant capitalists giving raw material to cottage workers for processing and payment that was fully developed in England. More general= 18th Century Rural industry
John Kay’s Flying Shuttle
Invention used for weaving. Replaced the loom.
Asiento
Britain’s privilege to transport 4,500 slaves a year into Spanish-Latin America. Britain’s first entry into Spanish-American market
Treaty of Paris
1763- Between Britain as France. Ended French/Indian War
Plantation
Huge farms that required a large labor force to grow crops
Atlantic Slave Trade
Millions of slaves were transported across the Atlantic to work on plantations in America and the Caribbean region
Creoles
People born in Latin America with either Spanish or Portuguese parents
Debt Patronage
A system that bound labored into slavery in order to work off a debt to the employer
Mestizos
A person of mixed Native American/European decent
Adam Smith
Scottish Economist. Wrote “Wealth of Nations” and designed modern capitalism and laissez-faire economics.
The Wealth of Nations
Written by Adam Smith in 1744. Defended free-market economy and stated the three laws if economy.
Invisible Hand
Phrase coined by Adam Smith. Describes the process that turns self-directed gain it’ll social/economical benefits for all.
Economic Liberalism
Based on Adam Smith’s writings. Belief of free trade and competition. Suggests the invisible hand of free competition would benefit all, rich and poor. Suggests that government should minimize their regulation as control over work and trade
Laissez-Faire
Opposes government interference in economic affairs aside from the minimum maintenance.