Creado por RachelSilver
hace casi 9 años
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Pregunta | Respuesta |
Urbanization | City building and the movement of people to cities. rsks |
Entrepreneur | A person who organizes and operates a business or businesses, taking on greater than normal financial risks to do so. |
Luddite | A group of working class people: attacked factories sin Northern England and rioted because of poor living and working conditions. |
Middle Class | A social class made up of skilled workers, professionals, business people, and wealthy farmers. |
Samuel Slater | A British mill worker who built a spinning machine from memory and partial design. |
Francis Cabot | Mechanized every stage in the manufacture of cloth |
Corportation | A business owned by stockholders who share in its profits but are not personally responsible for its debts |
Capitalism | An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by state. |
Socialism | All factors of production are owned by the public and operate welfare for all. |
Adam Smith | Believed economic liberty guaranteed economic progress; the government should not interfere. |
Thomas Maithus | Believed population tended to increase more rapidly than food supply. Without wars and epidemics to kill off extra people, most were destined to be poor and miserable. |
Inventions in textile industry | -Spinning Jenny -Cotton Gin |
Improvements in farming methods from Agricultural Revolution | -Crop rotation -Livestock breeding |
Enclosure movement | Wealthy landowners bought land from village farmers, enclosed it, and experimented with more efficient farming methods. |
Why Industrial Revolution started in England | -Natural resources -Good banking system -Expanding economy |
Positive effects of Industrial Revolution | -Better quality of life -Plentiful jobs |
Negative effects of Industrial Revolution | -Unhealthy working conditions -Child labor |
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