Industrial Revolution - Terms/People

Question 1

Industrialism

Answer 1

An economic system built on manufacturing industries.

Question 2

Enclosure Movement

Answer 2

Wealthy farmers bought land from small farmers, benefiting from farming huge tracts of land. The enclosure movement led to improved crop production, such as the rotation of crops.

Question 3

Cottage System

Answer 3

System in which merchants delivered raw materials to crafts people in their homes and then picked up the finished product.

Question 4

Barter

Answer 4

exchange (goods or services) for other goods or services without using money.

Question 5

Inventions

Answer 5

to originate or create a product of one’s own ingenuity,

Question 6

Entrepreneurs

Answer 6

individuals who start new businesses, introduce new products, and improve management techniques.

Question 7

Urbanization

Answer 7

Growth of cities..moving of people from rural to cities

Question 8

Tenements

Answer 8

multi-story building divided into crowded apartments

Question 9

Capitalism

Answer 9

individuals NOT government control production

Question 10

Socialism

Answer 10

the government owns the means of production

Question 11

Communism

Answer 11

the government owns all the means of production and controls economic planning - authoritarian socialism

Question 12

Karl Marx

Answer 12

Prussian-born philosopher, economist, sociologist, journalist, and revolutionary socialist. His theories are collectively known as Marxism.

Question 13

Laissez-Faire

Answer 13

Belief that argues government should not interfere with business affairs