Unit 2: Industrial Revolution Flashcards
1st Industrial Revolution 1780-1830
Textiles, railroads, iron, coal
2nd Revolution 1860-1914
Steel, chemicals, electricity, petroleum
Started in…
England/Britain
7 causes
Agricultural evolution: change in farming methods which allowed greater production of food; cotton grin
Healthy labor force: ready to move to available jobs
Steam Engine: most important of Industrial Revolution; invented by James Watt
Innovations and Inventions: Edison-:Wizard of Menlo Park”-light bulb
Capitol: Money available for investment
Peace: Government favored trade, laissez faire policies
New markets: growing population of consumers; overseas markets opened up by transportation
Capitol
Money available for investment
Entrepreneur
someone who starts a business
Cottage Industry
Textiles; help start the industrial revolution; trade
Socialism
Mixed economy; equal distribution of wealth; protect society as whole; negative aspects of capitalism
Conservatism
maintain tradition
Liberalism
new; freedom; equality; change
nationalism
Devotion to the interest of ones nation
Laissez faire
“let do”
Leisure
Freedom from work
abolitionism
Abolition of slavery
Suffrage
right to vote