Chapter 7 Flashcards
those who manage and assume the financial risk of new businesses
Entrepeneurs
the working class
proletariat
the movement of people to cities
urbanization
a private toll road
turnpike
a drug that prevents pain during surgery, patented by a dentist
anesthetic
During the Industrial Revolution, life changed in what basic way?
People migrated from rural areas to cities
The first factory developed in what industry?
textiles
The Luddites were a ________
labor organization
Thomas Malthus discouraged vaccinations because ________
disease was a natural means of population growth
Karl Marx despised capitalism because he believed that it ________
created prosperity for a few and poverty for many
I improved Newcomen’s steam engine by making it more efficient
Watt
Darby improved iron by using what to smelt it?
Charcoal
“The greatest happiness for the greatest number of people” was the mantra of which group?
Utilitarians
Utilitarian business owner who set up a community in New Lanark, Scotland
Owen
Marx’s term for the working class
Prolateriat
Who discouraged vaccinations to keep the population under control?
Malthus
Who developed the “Iron Law of Wages”?
Ricardo
An unrestricted free market was the idea of which people?
Lassiez-Faire Economics
This group established communities where all land and labor were shared equally ______
Utopians
Which group did employers prefer to hire because they could pay them less?
Women
This was a labor organization that smashed machines
Luddites
The removal of seeds from cotton by hand before factories was part of the
Putting Out System
The working class lived in ______ in the cities
tenements
people who invested money into new business ventures were called
entrepeneurs
