Industrial Revolution Flashcards
Unification
When several states who have a common culture unite to make a country
Italy and Germany had unification movements
Encomienda system
A economic system created by Spain in the new world in which the natives are enslaves and forced to work
Blood and iron speech
The speech given by the German leader Otto van Bismarck
Realpolitik
“Real polities” means to do what is necessary to gain power
Balance of power
When Europe tried to keep peace by not letting any one country to get to powerful
Economic system
A system of production or the exchange of goods
Economic system examples
Traditional Barter Merchantalism Capitalism Communism
Cottage industries
When people produce goods in their homes *before the industrial revolution
agrarian revolution
Change farming practices: - crop rotation -seed drill - new fertilizers More food less workers
Industrialization
Transformation from traditional farming to modern factory
Urbanization
The creation of cities as a result of the industrial revolution
Karl Marx
Inventor of communism saw history as a class struggle
Communism
Type of economy and goverment where the government has all the wealth and there r no classes
Bourgeoisie
Rich middle class
Proletariat
Working class
Communist manifesto
Written by Karl Marx and Fredric angles, it outlined communism
Traditional economy
Based on tradition- farming based! Make enough money to sustain life
Barter system
Trading goods for other goods, not always fair
Mercantilism
“Money for mom” colonies give mother country
Capitalism
Private businesses owned by the people
Profit $ based
Supply and demand- Adams smith
What were some examples of the new technology
Steam engine
Spinning Jenny
Power loom
Rail road
Why was England able to industrialize
Large population
Had capital $ to invest
Rivers
Resources: coal and iron
