Transforming the Economy: Industrial and Market Revolutions

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Last updated 2:39 AM on 12/19/24
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23 Terms

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Division of Labor

Specialized tasks increase efficiency in production.

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Factory System

Centralized production under one roof for output.

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Outwork System

Merchants divided labor into specialized tasks.

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Porkopolis

Cincinnati's meatpacking innovation producing 60 hogs/hour.

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Textile Industry

U.S. competed with Britain in textile production.

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Water-Powered Mills

Mechanized textile production, reducing costs significantly.

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Spinning Jennies

Innovative machines that mechanized textile production.

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Eli Whitney

Inventor of interchangeable parts for firearms.

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Interchangeable Parts

Standardized components revolutionizing manufacturing processes.

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Cyrus McCormick

Inventor of the mechanical reaper for farming.

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Mechanical Reaper

Increased agricultural efficiency in harvesting crops.

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Wage Labor

Replaced artisanal independence due to industrialization.

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Labor Movement

Advocated for workers' rights and better conditions.

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10-Hour Workdays

Early labor movement demand for reduced working hours.

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Transportation Revolution

Innovations connecting regional markets through infrastructure.

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Erie Canal

Linked NYC with Midwest, boosting economic growth.

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Urbanization

Expansion of cities due to industrial hubs.

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Business Elite

Wealthy factory owners and bankers living luxuriously.

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Middle Class

Embraced ideals of responsibility and social mobility.

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Benevolent Empire

Middle-class reformers addressing social issues.

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Temperance Movement

Promoted abstinence from alcohol as a reform.

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Second Great Awakening

Religious revival inspiring moral and social reforms.

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Nativist Hostility

Opposition faced by immigrants, especially Catholics.