MT 8 - Industrial Revolution (terms)

Question 1

capital

Answer 1

money used for investment

Question 2

unions

Answer 2

organized workers formed to protect and further their rights and interests

Question 3

bourgeoisie

Answer 3

Marx’s social class who own most of society’s wealth and means of production

Question 4

proletariat

Answer 4

Marx;s social class who are the working-class people

Question 5

socialism

Answer 5

economic theory: means of production, distribution, and exchange should be owned by the community

Question 6

cottage industry

Answer 6

manufacturing of a product conducted in a home

Question 7

entrepreneurs

Answer 7

a person who starts, owns, and operates a business

Question 8

industrial revolution

Answer 8

rapid development of industry, brought about by the introduction of machinery

Question 9

communism

Answer 9

Karl Marx’s political theory, with a class war leading to a classless society in which all property is publicly owned

Question 10

Factory Act of 1833

Answer 10

series of laws regulating factories and working conditions, especially for women and children

Question 11

enclosure movement

Answer 11

laws in the 1700s, that allowed landowners to fence off common lands, forcing peasants to move into towns

Question 12

industrial middle class

Answer 12

people who built factories, bought the machines, and developed markets

Question 13

industrial working class

Answer 13

people who worked in factories with wretched conditions

Question 14

assembly line

Answer 14

a series of workers or machines that progressively assemble a product

Question 15

collective bargaining

Answer 15

process in which employee representatives negotiate with employers over wages, hours, and conditions