Industrial Revolution Flashcards
What does “Laissez Faire” mean?
A policy or attitude of letting things take their own course, without interfering.
What is Capitalism?
An economic system characterized by private ownership of the means of production, free markets, and competition.
Who wrote the Communist Manifesto?
Karl Marx
What were the historical circumstances of the Industrial Revolution in Britain?
The Agricultural Revolution, dramatic population increase, and reduced mortality rates, led to rural to urban migration and urbanization.
What is Urbanization?
The process of people moving from rural areas to cities, leading to the growth and expansion of urban areas.
What is industrialization?
The process of transforming an economy from primarily agricultural to one based on manufacturing and industry
A major reason that the Industrial Revolution began in England was that England possessed
A. A smooth coastline
B. Abundant coal and iron resources
C. Many Waterfalls
D. Numerous Mountain Ranges
B. Abundant coal and iron resources
The Industrial Revolution
“The great advantage of the factory system is that it enables a large number of people to work together under one roof, producing goods at a faster rate and lower cost than traditional methods.”
— Factory Owner’s Speech, 19th century
What was one major social effect of the factory system during the Industrial Revolution?
A. The decline of urban populations
B. The rise of labor unions and worker protests
C. The end of child labor
D. A decrease in global trade
B. The rise of labor unions and worker protests