Chapter 22 terms Flashcards
Industrial Revolution
dramatic innovations in manufacturing, mining, transportation, and communication
Agricultural Revolution
change in farming that increased output
Josiah Wedgewood
invented the pyrometer, which measured the extremely high temperatures found in kilns during the firing of pottery
mass production
making many identical items by breaking the process into simple, repetitive tasks
division of labor
dividing the production process into highly specialized and repetitive tasks
mechanization
use of machines to do work previously done by hand
Richard Arkwright
invented the water frame
Crystal Palace
huge greenhouse made entirely of iron and glass and large enough to enclose huge trees
steam engine
first machine to transform fossil fuel into mechanical energy
James Watt
invented a better steam engine
Electric telegraph
communication method using electric signals
business cycles
recurrent wings from economic hard times to recovery and growth and back
laissez-faire
“Let them do” economic belief advocating that the government refrain from interfering in business except to protect private property
mercantilism
economic theory stating that governments should regulate trade in order to maximize their stash of gold
positivism
a belief that the scientific method could solve social as well as economic problems