Chapter 5 Industrial Revolution Flashcards
Industrialized
An economy based on Industry, not agriculture
Technology
New inventions; the science of industry
Exploit
To use
Labor supply
Supply of workers
Test act
An act forbidding anyone except members of the church of England from a holding political office or entering the professions
Capital
Money used invest in business
Raw materials
Essential materials needed in an industry to make a product
Commons
Learned how to be used by everyone
Fodder
Animal food
Synthetic
Made by humans
Entrepreneur
A person who runs a business, taking the risk in order to earn a profit
Franchise
The right to vote
Cast iron
Molten iron poured into a mold to make a product
Capitalist
A person with money to invest
Clothier
A capitalist who invests money in textile making