Unit 7 Vocabulary Flashcards
the change from manual production to machine-powered factory production
Industrial Revolution
money invested in a business venture
Capital
the method of producing goods that brought workers and machinery together in one place
Factory system
identical, machine-made parts for a tool or an instrument
Interchangeable parts
the movement of population from farms to cities
Urbanization
association of workers in a specific trade, or line of work, formed to gain higher wages and better working conditions
Trade to Union
the refusal by workers to do their jobs until their demands are met
strike
a person opposed to immigration
nativist
the desire or readiness and ability of people to purchase goods or services at a specific price
Demand
the amount of goods or resources in stock or on hand or available in the market to sell.
Supply
a state of limited resources
Scarcity
an agreement or contract in which a borrower recieves money or goods now, with an agreement amount later
Credit
the difference between the cost of a good and its selling price.
Profit
a policy or practice that denies equal rights to certain groups of people
discrimination
a period of rapid economic growth
Boom
an organized attempt to improve what is unjust or imperfect in society
Social Reform
a person who wanted to end slavery
Albolitionist
a network of abolitionist who secretly helped African Americans and denied from basic rights
Underground Railroad
a person who cannot pay money he or she owes
Debtor
the refusal to obey unjust laws using non-violent means
Civil disobedience
