The Industrial Revolution #2

Vocabulary flashcards about the Industrial Revolution.

Stock

Rights of ownership in a company.

Corporation

A business owned by stockholders who share in its profits but are not personally responsible for its debts.

Britain's Policy

Forbade engineers, mechanics, and toolmakers to leave the country.

Samuel Slater

Built a spinning machine from memory and a partial design in the United States.

Francis Cabot Lowell

Revolutionized the American textile industry by mechanizing every stage in the manufacture of cloth.

Lowell, Massachusetts

A booming manufacturing center and a model for other such towns in the late 1820s.

Chicago and Minneapolis

Expanded rapidly due to their location along the nation’s expanding railroad lines.

Standard Oil and Carnegie Steel Company

Sought to control every aspect of their own industries in order to make big profits.

Belgium

Led Europe in adopting Britain’s new technology due to rich deposits of iron ore, coal, and waterways.

William Cockerill

Carried secret plans for building spinning machinery to Belgium.

Germany

Began to copy the British model around 1835, importing equipment and engineers.

Meiji Era in Japan

Began an ambitious program to transform the country into an industrialized state in 1868.

Imperialism

The policy of extending one country’s rule over many other lands, giving more power and wealth to already wealthy nations.

Industrialization's impact on Imperialism

Industrialization in Europe led to increased demand for resources and markets, fueling the policy of extending one country’s rule over other lands.

—> resulted in the exploitation of colonies for raw materials and new markets for manufactured goods, intensifying competition among imperial powers.

Great Britain’s Role

• expanded its colonial empire to secure access to raw materials such as cotton, rubber, and minerals needed for its factories.

• Colonies also served as “markets” for British manufactured goods —> significant economic and political influence worldwide.