World History Unit 4 Vocab Flashcards
Vocab
American inventor and educator; his interest in devices to aid the hearing impaired led to the development of the telephone.
Alexander Graham Bell
is a political and economic system in which society, usually the government, owns the means of production.
Socialism
a period of rapid growth in the use of machines in manufacturing and production that began in the mid-1700’s.
Industrial Revolution
is a business system where companies are allowed to conduct business without interference by the government.
Laissez-faire
a process developed in the 1850’s that led to faster, cheaper steel production.
Bessemer Process
identical machine made parts that can be substituted for each other in manufacturing.
Interchangeable parts
a small scale industry carried on at home by family members using their own equipment.
Cottage Industry
a risk taker who starts a new business within the economic system of capitalism.
Entrepreneur
American business leader, revolutionized the factory process through the use of an assembly line.
Henry Ford
American engineer and inventor; he built the first commercially successful, full size steam boat.
Robert Fulton
American inventor of over 1,000 patents including the lightbulb.
Thomas Edison
economic and political system in which the government owns the means of production and controls economic planning.
Communism
Scottish inventor; he developed crucial innovations to make the steam engine more efficient, faster, and better able to power machinery.
James Watt
the migration of people from rural areas to cities.
Urbanization
is the system of manufacturing large numbers of identical parts.
Mass production