Industrial Revolution Flashcards
Enclosure Movement
was the legal process in England during the 18th century of enclosing a number of small landholdings to create one larger farm.
Crop Rotation
is the practice of growing a series of dissimilar or different types of crops in the same area in sequenced seasons.
Industrial revolution
is the practice of growing a series of dissimilar or different types of crops in the same area in sequenced seasons.
Factors of Production
In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services.
Mechanization
is the process of changing from working largely or exclusively by hand or with animals to doing that work with machinery.
Factory System
is a method of manufacturing using machinery and division of labour. Because of the high capital cost of machinery and factory buildings, factories are typically owned by capitalists who employ the operative labour.
Cottage Industry
is a means of subcontracting work. Historically, it was also known as the workshop system and the domestic system.
Entrepreneur
a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.
Tenements
is, in most English-speaking areas, a substandard multi-family dwelling in the urban core, usually old and occupied by the poor.
Mass Production
is the production of large amounts of standardized products, including and especially on assembly lines.
Fordism
describes modern economic and social systems based on industrialized, standardized mass production and mass consumption.
Corporation
is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
Monopoly
exists when a specific person or enterprise is the only supplier of a particular commodity (this contrasts with a monopsony which relates to a single entity’s control of a market to purchase a good or service, and with oligopoly which consists of a few sellers dominating a market.
Strikes
to deal a blow or stroke to (a person or thing), as with the fist, a weapon, or a hammer; hit.
Unions
the state of being united.