Terms : Hide Images
| 133639798 | Industrial Revolution | the change from an agricultural to an industrial society and from home manufacturing to factory production, especially the one that took place in England from about 1750 to about 1850. | 0 | |
| 133639799 | Enclosures | One of the fenced-in or hedged-in fields created by wealthy British landowners on land that was formerly worked by village farmers. | 1 | |
| 133639800 | Crop Rotation | The practice of rotating use of different fields from crop to crop each year, to avoid exhausting the soil. | 2 | |
| 133639801 | Industrialization | The development of industries for the machine production of goods. | 3 | |
| 133639802 | Factors of Production | Land, labor, and capital; the three groups of resources that are used to make all goods and services. | 4 | |
| 133639803 | James Watt | A Scottish engineer who created the steam engine that worked faster and more efficiently than earlier engines, this man continued improving the engine, inventing a new type of governor to control steam pressure and attaching a flywheel. | 5 | |
| 133639804 | Robert Fulton | American inventor who designed the first commercially successful steamboat and the first steam warship (1765-1815). | 6 | |
| 133639805 | Entrepreneur | Someone who organizes a business venture and assumes the risk for it. | 7 | |
| 133639806 | "The Rocket" | A steam locomotive invented by Englishman George Stephenson in 1929 which could reach 30 mph. | 8 | |
| 133639807 | Urbanization | The social process whereby cities grow and societies become more urban. | 9 | |
| 133639808 | Corporation | A business owned by stockholders who share in its profits but are not personally responsible for its debts. | 10 | |
| 133639809 | Stock | A certificate documenting the shareholder's ownership in the corporation. | 11 | |
| 133639810 | Laissez Faire | The doctrine that government should not interfere in commercial affairs. | 12 | |
| 133639811 | Adam Smith | Scottish economist who advocated private enterprise and free trade (1723-1790). | 13 | |
| 133639812 | Capitalism | An economic system based on private ownership of capital. | 14 | |
| 133639813 | Utilitarianism | Idea that the goal of society should be to bring about the greatest happiness for the greatest number of people. | 15 | |
| 133639814 | Socialism | A theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole. | 16 | |
| 133639815 | Karl Marx | This man came up with the idea of communism/dialectic socialism that said that two classes have always battled against each other to form another class that will battle against its antithesis until the synthesis is one equal class working with each other for each other. | 17 | |
| 133639816 | Communism | A theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state. | 18 | |
| 133639817 | Unions | An association of workers, formed to bargain for better working conditions and higher wages. | 19 |
