Lesson 1: The Industrial Revolution and Life in the North Flashcards
Artisan Definition
a skilled worker
Capital Definition
money invested in a business venture
Capitalist Definition
a person who invests in a business to make a profit
Clipper Ship Definition
a fast-sailing ship of the mid-1800s
Credit Definition
an agreement or contract in which a borrower receives money or goods now, with an agreement to repay a greater amount later
Demand Definition
the desire or readiness and ability of people to purchase goods or services at a specific price
Discrimination Definition
a policy or practice that denies equal rights to certain groups of people
Factory System Definition
the method of producing goods that brought workers and machinery together in one place
Famine Definition
a severe food shortage
Industrial Revolution
the change from manual production to machine-powered factory production that started in England in the late 18th century and spread to other places and brought a transformation in economy, society, and technology
Interchangeable Parts Definition
identical, machine-made parts for a tool or an instrument
Know-Nothing Party Definition
a political party of the 1850s that was anti-Catholic and anti-immigrant
Locomotive Definition
an engine that pulls a railroad train
Lowell Girls Definition
young women who worked in the Lowell Mills in Massachusetts during the Industrial Revolution
Nativist Definition
a person opposed to immigration
Profit Definition
the difference between the cost of a good and its selling price
Scarcity Definition
a state of limited resources
Spinning Jenny Definition
a machine developed in 1764 that could spin several threads at once
Strike Definition
refusal by workers to do their jobs until their demands are met
Supply Definition
the amount of goods or resources in stock or on hand or available in the market to sell
Telegraph Definition
a communications device that sends electrical signals along a wire
Trade Unions Definition
an association of trade workers formed to gain higher wages and better working conditions
Urbanization Definition
movement of population from farms to cities
What did most Americans do before the 1800s? How did the Industrial Revolution change this?
Before the 1800s, most Americans were farmers and most goods were produced by hand. As a result of the Industrial Revolution, this situation slowly changed. Machines replaced hand tools. New sources of power, such as steam, replaced human and animal power. While most Americans continued to farm for a living, the economy began a gradual shift toward manufacturing.