Industrial Revolution 10.1-11.1-11.2 Flashcards
Capital
a ready supply of money
Entrepreneur
a person who finds new business opportunities and new ways to make profit, risk takers
Cottage industry
inefficient production done at home
James Hargreaves
inventor of the spinning Jenny (1764)
Spinning Jenny
a machine that made the spinning process for cotton cloth much faster and more efficient
Edmund Cartwright
inventor of the water-powered loom
Water-powered loom
used hydro-electric power to make the weaving of cloth to be as fast as the spinning of thread
James Watt
a Scottish engineer who made advancements to the steam engine
Advancements to the steam engine made by James Watt
allowed it to drive machinery so it could be used to weave and spin cotton. It was an engine that used rapid condensation of steam.
Henry Cort
developed the process of puddling
Puddling
a process which used coke, which came from coal, to burn away impurities in crude oil to produce high quality iron
What are impurities in crude oil called?
Iron pig
Industrial capitalism
an economic system based on industrial production
What happened to the money invested into the factories and businesses during industrial capitalism?
Money invested in these factories and businesses launched a new middle class- The Industrial Middle Class
Socialism
an economic system or government where society owns and controls the means of production such as factories and utilities
What was the significance of the Agricultural Revolution in Great Britain?
The significance of the Agricultural Revolution in Great Britain allowed for more people to be fed at lower prices with less labor because of better farming practices. At this time, ordinary British families could use some of their income to buy manufactured goods. An increased food supply led to an increase in population.
Why did the Industrial Revolution start in Great Britain?
Great Britain was not only the world’s richest nation, but they had many resources such as cotton and iron which grew into large industries that were improved over time. They produced one half of the world’s coal and manufactured goods. Britain also had plenty of rivers that provided water power for factories and transportation for raw materials and finished products. Further, the Enclosure Movement Laws turned small farms into big farms, leaving many people jobless and forced to move to the city to find work. Lastly, Great Britain had CAPITAL
What factors fed the spread of industrialization in Europe and North America?
Factors such as transportation helped spread industrialization in Europe and North America. For instance, governments built more roads, canals, and railroads. Iron rails were built across Europe. Across North America, steam boats allowed for more transportation as well. The increase of transportation allowed for more products to be transported and industrialization to be spread. There was also the migration of people from farms in rural areas to cities.