Industrial Revolution Lecture Notes

A set of vocabulary flashcards based on the Industrial Revolution lecture notes.

Industrial Revolution

An era marked by the development of power-driven machinery, significantly changing the way people worked.

Agrarian Revolution

The period of agricultural development that paved the way for the Industrial Revolution through improvements in farming techniques and equipment.

Mass Production

The manufacture of large quantities of identical goods, enabled by the use of assembly lines and interchangeable parts.

Laissez-faire Economics

The economic philosophy advocating minimal government intervention in business affairs, promoting free market capitalism.

Socialism

A political and economic system where the community as a whole owns and operates property and businesses, aiming to reduce inequalities.

Utopian Socialism

An idealistic form of socialism that aims to create self-sufficient communities with shared property and cooperation among members.

Marxism

A socio-economic theory developed by Karl Marx and Friedrich Engels that emphasizes class struggle and advocates for a classless society following a proletarian revolution.

Urbanization

The process by which people move from rural areas to cities, often resulting in rapid growth and social changes in urban centers.

Factors of Production

The resources necessary for production: land, labor, and capital.

Textile Industry

An industry that saw significant transformation during the Industrial Revolution, shifting from home-based artisan production to large-scale factory manufacturing.