Terms : Hide Images
| 244908886 | ENCLOSURE MOVEMENT | a law which was passed by English Parliament, allowing land-owners to create large closed-in fields for farming | |
| 244908887 | CROP ROTATION | The practice of rotating use of different fields from crop to crop each year, to avoid exhausting the soil. | |
| 244908888 | INDUSTRIALIZATION | The process of making goods using machinery | |
| 244908889 | FACTORS OF PRODUCTION | LAND, LABOR, CAPITAL: resources necessary to produce goods and services | |
| 244908890 | FACTORY | Buildings used to house large and expensive machinery, a place where production takes place | |
| 244908891 | ENTREPRENEUR | A person who organizes, manages, and takes on the risks of a business | |
| 244908892 | MIDDLE CLASS | A class made up of skilled workers, professionals, and merchants | |
| 244908893 | STOCK | a share or rights of ownership within a corporation | |
| 244908894 | CORPORATION | A business or company owned by stockholders who share profits but are not responsible for debt | |
| 244908895 | ASSEMBLY LINE | Improved by Henry Ford; In a factory, an arrangement where a product is moved from worker to worker, with each person performing a single task in the making of the product. MAKES PRODUCING GOODS FASTER AND CHEAPER | |
| 244908896 | MONOPOLIES | Corporations that gain complete control of the production of a single good or service and no competition | |
| 244908897 | BOURGEOISIE | Marx's term for capitalists, those who own the means of production which he called "the Haves" | |
| 244908898 | PROLETARIAT | Marx's term for the exploited workers whom he called "the Have Nots" | |
| 244908899 | COTTAGE INDUSTRY/DOMESTIC SYSTEM | Manufacturing based in homes rather than in a factory, commonly found before the Industrial Revolution. | |
| 244908900 | URBANIZATION | the increase in the size and number of cities | |
| 244908901 | SLUMS | neighborhoods where the poor, working-class lived, often located near where they worked | |
| 244908902 | TENEMENTS | five or six story, wooden apartment buildings where workers lived, most were in poor condition | |
| 244908903 | INVENTIONS | an act or instance of creating or producing by exercise of the imagination | |
| 244908904 | RAW MATERIAL | material before being processed or manufactured into a final form | |
| 244908905 | MARKET ECONOMY | a capitalistic economic system | |
| 244908906 | CAPITAL | wealth, measured in money or property | |
| 244908907 | LABOR UNION | groups of workers who would form to protest against working conditions | |
| 244908908 | SOCIAL DARWINISM | a belief that states some people are superior to other people, based on Darwinism, BUT NOT WHAT DARWIN BELIEVED | |
| 244908909 | REALISM | the idea of seeing the world as it is, was seen in literature, art, and politics | |
| 244908910 | STRIKES | a work stoppage used to make owners give in to demands of the workers | |
| 244908911 | DIVISION OF LABOR | a production process in which a worker or group of workers is assigned a specialized task in order to increase efficiency | |
| 244908912 | SOCIALISM | Karl Marx believed that there should be common ownership of all natural resources and produced and sold goods | |
| 244908913 | TEXTILE | the industry of making cloth | |
| 244908914 | URBAN | living in a city | |
| 245439904 | ECONOMICS | how people produce, buy and sell goods and services | |
| 245439905 | GOODS | items produced to sell | |
| 245439906 | SERVICES | services provided for a price | |
| 245478493 | MASS PRODUCTION | the production or manufacture of goods in large quantities, especially by machinery. | |
| 248408729 | NATURAL RESOURCES | the natural wealth of a country, consisting of land, forests, mineral deposits, water | |
| 248408730 | INTERCHANGEABLE PARTS | Interchangeable parts are parts that are, for practical purposes, identical. Created to speed up production of goods made. |
