Industrialization Flashcards

1
Q

Communism

A

Economic and social system where the property and means of production are controlled by society as a whole

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2
Q

Urbanization

A

Movement of people from rural areas to cities

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3
Q

Utopia

A

An ideal society

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4
Q

Laissez faire

A

Doctrine based on the belief that government should not interfere with business

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5
Q

Entrepreneurs

A

People who organized and managed businesses

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6
Q

Standard of living

A

General measures of the quality of life

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7
Q

Cottage Industry

A

System of production prior to the factory system

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8
Q

Socialism

A

Economic system where the property and means of production are controlled by the government

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9
Q

Capitalism

A

Economic system where the property and the means of production are controlled by individuals

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10
Q

Bentham

A

Author and philosopher who created Utilitarianism

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11
Q

Utilitarianism

A

Ideas and people should be judged on their usefulness and believed in doing what did the greatest good for the greatest number of people

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12
Q

Mathis

A

Economist who believed that without wars and epidemics to kill off excess population there would be too many poor and miserable people

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13
Q

Marx

A

Economist who believed violent revolution to destroy capitalism

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14
Q

Adam Smith

A

Scottish economist who believed in the free-market system of capitalism

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15
Q

Agricultural Revolution

A

Change in society prior to Industrialization which allowed for a larger labor force outside of farming

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16
Q

Industrial Revolution

A

Increased output of machine made goods that began in England during the 18th-century

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17
Q

Unions

A

Name for the voluntary associations of workers seeking labor reforms

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18
Q

Textiles

A

First area to undergo major industrialization

19
Q

Steam Engine

A

Invention from Watt which changed how industry was powered

20
Q

Napoleonic Wars

A

Caused delay of industrialization on the content of Europe

21
Q

The Rocket

A

Name of the first financially successful train

22
Q

Sufferage

A

The right to vote

23
Q

Water power

A

Source of power for the first factories

24
Q

Factors of production

A

The resources - including land, labor, and capital that are needed to produce goods and services

25
Capital
In economic terms this is another word for wealth and usually refers to money someone invests this wealth for a particular purpose
26
Factories
A large building in which machinery is used to manufacture goods
27
Collective bargaining
Negotiations between workers and their employers
28
Crop rotation
The system of growing a different group in a field each year to preserve the fertility of the land
29
Stock
Certain rights of ownership in a corporation
30
Enclosure
One of the fetched in or hedged in fields created by wealthy British landowners on land that was formerly worked by village farmers
31
Clermont
The first financially successful steamboat operated by Robert Fulton in 1807 as he ferried passengers and raw materials up and down New York’s Hudson River
32
Luddites
A group of workers who in frustration over their loss of work attacked factories in northern England destroying machinery
33
Corporation
Business owned by stockholders who share in its profits but are not personally responsible for its debts
34
Middle class
A social class made up of skilled workers, professionals, businesspeople, and wealthy farmers
35
Strikes
An organized refusal to work
36
Factory Act of 1819
First of many British laws restricting working age and hours in England’s factories
37
Industrialization
The development of industries for the machine production of goods
38
Horace Mann
Father of public education
39
David Richardo
Economist who argued for the Iron Law of Wages
40
John Stewart Mill
Follower of Bentham
41
Robert Owen
Utopian, British cotton manufacturer believed that humans would reveal their true natural goodness if they lived in a cooperative environment
42
William Wilberforce
British reformer who led the abolitionist movement that ended the British slave trade in 1807
43
Jane Addams
The founder of Hull House in Chicago, which provided English lessons for immigrants, daycares, and child care classes
44