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AP World History Week 21 11-20 Flashcards

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12506437975Laborincluding thousands of dispossessed farmers from southeastern England evicted from their land as a result of the enclosure movement.0
12506445180James Wattfrom Scotland, invented the steam engine in 1770s.1
12506440847John Stuart Millcreated economic liberalism that believed that government intervention in and regulation of the economy should be minimal.2
12506440848Limited Liability Corporationa business organization in which the owners have limited personal legal responsibility for debts and actions of the business.3
12506490933Social Changes Brought by Industrializationthe factory system brought a number of changes to family and life: work was carried out outside the home, required to follow schedules, adhere to strict rules, work was done with noisy machines, pace was more rapid than at home, more leisure time, popular interests in theater and sports, mass production of clothing, advertising and social status began to be determined more by wealth than family position.4
12506490934Enclosure Movementthe fencing of pastureland in England beginning prior to the Industrial Revolution.5
12506497732Entrepreneurshipthe ability to combine the factors of land, labor and capital to create a factory production.6
12506501201Factors of Productionland, labor and capital.7
12506503803Gold Standarda monetary system in which currency is backed up by a specific amount of gold.8
12506511591Industrial Revolutionthe transition between the domestic system of manufacturing and mechanization of production in a factory setting9

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