Industrial Revolution Flashcards

1
Q

Assembly line -

A

Process of work where each person does one simple thing and altogether each steps creates and itemNote: workers don’t have to have a specialized skill

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2
Q

Flying shuttle -

A

A shuttle that sped back and forth on wheels, a boat-shaped piece of would with yarn that spun cotton. It was made by John Kay and inspired many new machines to be built

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3
Q

Factors of production -

A

The resources-including land, labour, and capital- that are needed create a industrial revolution and produce good and services

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4
Q

Child labor

A

In the 1700s to 1938, extremely little children went to work under terrible conditions

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5
Q

Positives of industrialization -

A
  • cities grow - cheaper clothes - better food/diet - better standard of living - creates middle class
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6
Q

Negative of industrialization -

A
  • crowded- working conditions - environment - used a lot of natural resources - disease/ illness
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7
Q

Unions -

A

Voluntary Organization of workers

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8
Q

Strike -

A

When employees refuse to work

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9
Q

Collective bargaining

A

Negotiation between employers and employees. When, if the workers refuse claims, can lead to strike

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10
Q

Factory life -

A

Were long days under bad conditions

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11
Q

Karl Marx -

A

Writer, created of Marxism and “The Communist Manifesto” which created Communism

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12
Q

Communist Manifesto

A

Work of writing by Karl Marx, proposing communism, an economic system where the Bourgeoisie (wealthy) & proletariat (workers) are equal.

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13
Q

Utilitarianism -

A

Greatest good for the greatest number of people.

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14
Q

Communism -

A

Complete socialism on which the means of production is owned by the people and everyone has equal rights

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15
Q

Socialism -

A

A economic system where the government controls the trade, ect.

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16
Q

Laissez Faire -

A

“Let do” in French, Economic policy of letting owners of industry and business set working conditions with out interference

17
Q

Capitalism -

A

System in which money is invested in business ventures with the goal of profit

18
Q

Adam smith

A

Man who laid foundations for free trade/market (capitalism) & wrote the book: “ Wealth of Nation”

19
Q

Who created capitalism?

A

Adam smith