Industrial Revolution

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48 Terms

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Industrial Revolution

A period of greatly increased output of machine-made goods that began in England in the mid-1700s.

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Enclosure

The process of wealthy landowners buying and fencing off village farms, leading to agricultural innovation and displacement of small farmers.

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Crop Rotation

A farming method of alternating crops to maintain soil fertility.

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Industrialization

The development of machine production of goods.

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Factors of Production

Resources needed to produce goods and services, including land, labor, and capital.

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Factory

A large building where machinery is used to manufacture goods.

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Entrepreneur

A person who organizes, manages, and assumes the risks of a business.

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Urbanization

The growth of cities and the migration of people to urban areas.

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Middle Class

A social class consisting of skilled workers, professionals, businesspeople, and wealthy farmers.

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Stock

Shares of ownership in a company.

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Corporation

A business owned by stockholders who share profits but are not personally liable for debts.

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Laissez-Faire

The economic policy of allowing industry and business owners to set working conditions without government interference.

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Capitalism

An economic system where the factors of production are privately owned, and profits are generated through investments.

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Utilitarianism

A philosophy that evaluates ideas, institutions, and actions based on their utility, aiming for the greatest good for the greatest number.

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Socialism

An economic system where the factors of production are owned by the public and operate for the welfare of all.

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Communism

A form of complete socialism where all means of production are owned by the people, and private property does not exist.

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Union

A voluntary labor association formed to advocate for worker reforms.

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Strike

A refusal to work by union members as a form of protest.

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Jethro Tull

Inventor of the seed drill, which revolutionized agriculture.

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Robert Bakewell

Livestock breeder who improved methods to increase mutton output.

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John Kay

Inventor of the flying shuttle, which sped up weaving.

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James Hargreaves

Inventor of the spinning jenny.

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Richard Arkwright

Inventor of the water frame.

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Samuel Crompton

Inventor of the spinning mule.

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Edmund Cartwright

Inventor of the power loom.

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Eli Whitney

American inventor of the cotton gin, which revolutionized cotton processing.

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James Watt

Improved the steam engine, making it more efficient.

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Matthew Boulton

Entrepreneur who partnered with Watt to market the steam engine.

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Robert Fulton

American inventor of the first successful steamboat.

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John McAdam

Scottish engineer who improved road construction methods.

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Richard Trevithick

English engineer who built a steam-driven locomotive.

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George Stephenson

British engineer who built the first railroad line and the locomotive 'The Rocket.'

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Samuel Slater

British mill worker who brought industrial technology to the U.S.

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Francis Cabot Lowell

American industrialist who mechanized all stages of cloth production.

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John D. Rockefeller

Founder of Standard Oil, a major corporation.

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Andrew Carnegie

Founder of Carnegie Steel Company, a leading industrial corporation.

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William Cockerill

Lancashire carpenter who brought spinning machinery designs to Belgium.

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Adam Smith

Economist and author of The Wealth of Nations, advocating for laissez-faire economics.

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Thomas Malthus

Economist who argued that population growth would outpace food supply.

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David Ricardo

Economist who theorized that wages would decrease with population growth.

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Jeremy Bentham

Philosopher who introduced utilitarianism.

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John Stuart Mill

Philosopher and economist who advocated for social reforms and more equitable wealth distribution.

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Robert Owen

Factory owner and utopian reformer who improved working conditions and founded New Harmony.

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Karl Marx

German philosopher and co-author of The Communist Manifesto, who introduced Marxism.

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Friedrich Engels

Co-author of The Communist Manifesto and supporter of Marx.

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William Wilberforce

British politician who led efforts to abolish slavery in the British Empire.

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Jane Addams

American reformer who established settlement houses to assist the poor.

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Horace Mann

American education reformer who advocated for free public schooling.