Industrial Revolution Flashcards
0
Q
Textile
A
Production of yarn and cloth
1
Q
Factors of Production
A
Economic resources use in the production of goods;; LAND, LABOR, CAPITAL
2
Q
Mass production
A
System of manufacturing large numbers of identical items
3
Q
Marx
A
- journalist
- founder of communism
4
Q
Proletariat
A
Name given by Karl Marx to the working class
5
Q
Bourgeoisie
A
City-dwelling middle class made up of merchants, manufacturers, and pro doctors and lawyers
6
Q
Laissez-faire
A
Belief that the gov. should not interfere with the operations of business
7
Q
Capitalism
A
Economic system in which private individuals rather than government control the factors of production
8
Q
Mechanization
A
Use of an automatic machinery to increase production
