Unit 3 Test Flashcards
James Hargreave
Invented The Spinning Jenny
Spinning Jenny
Multi-spool spinning wheel that reduces the time to produce textiles
Richard Arkwright
Invented the Water Frame
Water Frame
Used power to drive a number of spinning machines
Abraham Darby
Made advances in using coke to produce less expensive iron at their Coalbrookedale iron works
Henry Cort
Improved the process of iron making to produce wrought iron
James Watt
Scottish instrument maker that invented the steam engine
Matthew Boulton
Made the steam engine a commercial success
Richard Trevithick
Desligues the steam engine that was lighted than Watt’s
Could be used to power a locomotive
William Hedley
Invented “Puffing Billy”
Used to haul coal along an iron flanged track
George Stephenson
“Father of the Railroads”
Work in building railroads between Liverpool and Manchester in 1830
Created “Rocket”
Was the first modern locomotive to be used on a railway line
L&MR
Liverpool and Manchester Railroad
Had Stephenson’s rocket
Robert Fitch
First successful steam boat
Robert Fulton
Made the steam boat a commercial success
Samuel Morse
Proved hat signals could be carried by pulses of current down a wire
Limited liability act of 1856
Allowed shareholders in companies with more than 25 investors to risk only the amount they had invested
Laissez faire
An economic policy of letting owners of industry and business set working conditions without gov. Intervention
Capitalism
An economic system in which money is invested in business ventures with the goal of making a profit
Adam smith
A professor of Glasgow University who wrote The Wealth of Nations in 1776
Capitalism
Utilitarianism
A philosophy arguing that people should judge ideas, institutions and actions in the basis of utility or usefulness