AP World History Week 21 11-20 Flashcards

12506437975	Labor	including thousands of dispossessed farmers from southeastern England evicted from their land as a result of the enclosure movement.	0
12506445180	James Watt	from Scotland, invented the steam engine in 1770s.	1
12506440847	John Stuart Mill	created economic liberalism that believed that government intervention in and regulation of the economy should be minimal.	2
12506440848	Limited Liability Corporation	a business organization in which the owners have limited personal legal responsibility for debts and actions of the business.	3
12506490933	Social Changes Brought by Industrialization	the 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
12506490934	Enclosure Movement	the fencing of pastureland in England beginning prior to the Industrial Revolution.	5
12506497732	Entrepreneurship	the ability to combine the factors of land, labor and capital to create a factory production.	6
12506501201	Factors of Production	land, labor and capital.	7
12506503803	Gold Standard	a monetary system in which currency is backed up by a specific amount of gold.	8
12506511591	Industrial Revolution	the transition between the domestic system of manufacturing and mechanization of production in a factory setting	9