Industrial Revolution - Key Terms/Key People

James Watt

made improvements to the steam engine to make it more efficient

Adam Smith (Wealth of Nations)

father of Capitalism (Laissez-faire economics), free-market economy

Karl Marx (Communist Manifesto)

Father of Communism, a classless society in which the means of production would be owned in common for the good of all people

Robert Owen

believed in a Utopian society, refused child labor and created labor unions

Thomas Malthus

Believed that population would outgrow the food supply

Enclosure Movement

taking over of small farms to make big farms which would produce more food. Urbanization - farmers moved to the cities.

Domestic System

when most supplies were made in the home

Factory System

supplies were mass produced in the factories

Textile Industry

clothing industry

Laissez-faire

government hands off approach to the economy

Social Darwinism

Survival of the fittest

Labor Unions

organization of workers that try to improve working conditions for people

Socialism

people as a whole would have control over the means of production, public ownership not private.

Communism

a classless society in which the means of production would be owned in common for the good of all. Karl Marx and Friedrich Engel wrote the Communist Manifesto

Proletariat

working class, often referred to as the "have nots"

Utopians

Idealistic society in which everyone had equal social status; Robert Owen

Urbanization

movement of people from rural areas to urban