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Industrial Revolution
A period of greatly increased output of machine-made goods that began in England in the mid-1700s.
Enclosure
The process of wealthy landowners buying and fencing off village farms, leading to agricultural innovation and displacement of small farmers.
Crop Rotation
A farming method of alternating crops to maintain soil fertility.
Industrialization
The development of machine production of goods.
Factors of Production
Resources needed to produce goods and services, including land, labor, and capital.
Factory
A large building where machinery is used to manufacture goods.
Entrepreneur
A person who organizes, manages, and assumes the risks of a business.
Urbanization
The growth of cities and the migration of people to urban areas.
Middle Class
A social class consisting of skilled workers, professionals, businesspeople, and wealthy farmers.
Stock
Shares of ownership in a company.
Corporation
A business owned by stockholders who share profits but are not personally liable for debts.
Laissez-Faire
The economic policy of allowing industry and business owners to set working conditions without government interference.
Capitalism
An economic system where the factors of production are privately owned, and profits are generated through investments.
Utilitarianism
A philosophy that evaluates ideas, institutions, and actions based on their utility, aiming for the greatest good for the greatest number.
Socialism
An economic system where the factors of production are owned by the public and operate for the welfare of all.
Communism
A form of complete socialism where all means of production are owned by the people, and private property does not exist.
Union
A voluntary labor association formed to advocate for worker reforms.
Strike
A refusal to work by union members as a form of protest.
Jethro Tull
Inventor of the seed drill, which revolutionized agriculture.
Robert Bakewell
Livestock breeder who improved methods to increase mutton output.
John Kay
Inventor of the flying shuttle, which sped up weaving.
James Hargreaves
Inventor of the spinning jenny.
Richard Arkwright
Inventor of the water frame.
Samuel Crompton
Inventor of the spinning mule.
Edmund Cartwright
Inventor of the power loom.
Eli Whitney
American inventor of the cotton gin, which revolutionized cotton processing.
James Watt
Improved the steam engine, making it more efficient.
Matthew Boulton
Entrepreneur who partnered with Watt to market the steam engine.
Robert Fulton
American inventor of the first successful steamboat.
John McAdam
Scottish engineer who improved road construction methods.
Richard Trevithick
English engineer who built a steam-driven locomotive.
George Stephenson
British engineer who built the first railroad line and the locomotive 'The Rocket.'
Samuel Slater
British mill worker who brought industrial technology to the U.S.
Francis Cabot Lowell
American industrialist who mechanized all stages of cloth production.
John D. Rockefeller
Founder of Standard Oil, a major corporation.
Andrew Carnegie
Founder of Carnegie Steel Company, a leading industrial corporation.
William Cockerill
Lancashire carpenter who brought spinning machinery designs to Belgium.
Adam Smith
Economist and author of The Wealth of Nations, advocating for laissez-faire economics.
Thomas Malthus
Economist who argued that population growth would outpace food supply.
David Ricardo
Economist who theorized that wages would decrease with population growth.
Jeremy Bentham
Philosopher who introduced utilitarianism.
John Stuart Mill
Philosopher and economist who advocated for social reforms and more equitable wealth distribution.
Robert Owen
Factory owner and utopian reformer who improved working conditions and founded New Harmony.
Karl Marx
German philosopher and co-author of The Communist Manifesto, who introduced Marxism.
Friedrich Engels
Co-author of The Communist Manifesto and supporter of Marx.
William Wilberforce
British politician who led efforts to abolish slavery in the British Empire.
Jane Addams
American reformer who established settlement houses to assist the poor.
Horace Mann
American education reformer who advocated for free public schooling.