History Lessons 1-3

Industrial Revolution

is the greatly increased output of machine made goods. Before the Industrial Revolution, everyone did everything by hand. It took people jobs away

enclosure

After buying the land of Village framers, wealth landowners their land with fences or hedges. The increase in their landownings enabled them to new agriculture method culminate larger field

crop rotation

Another example was a change in patterns of landholding. Farmers had to consider how to best use there land and the use of crop rotation which owns one of the best elopements by the farmers. This Processes improved older methods of crop rotation such as mideviel three field system

industrialization

which is a process of developing machine production of goods, reuired such natural reasouses. Britain had an expanding economy to support it Business people invested in making new inventions

Factors of production

the resources needed to produce goods and services that the Industrial Revolution required. They included land, labor and wealth. Britain had all of this. Britan political stability gave the country a tremendous advantage over its neighbors no wars, took place during this time. gave British a positive attitude.

Factory

A place where workers use machines to make products. farmer become to work at this place. increased population, farmer lost land

entrepreneur

a person who organizes, manages, and takes on the risks of a business. Bolton was one of them, he paid with a salary and encoreged him to build better engines

Henry Bessemer

was a British engineer who invented a cheap way to mas produce steel. The proccs was known as the process. This helped with building tike ships, railroads and tran cars

urbanization

city building and the migration of people to cities. Most of Eerops areas at least doubled in population, this period was known as factored devolved in clusters

middle class

a social class made up of skilled workers, professions, business people , and wealthy farmers. The Industrial Revolution crated enormas abandons of wealth, this money belonged to the new middle class. The part of a population of people between the wealthy upper class and poor lower class

mass production

Making products on a large scale usually by machine. transformed how people worked and what they produced

interchangeable parts

Machine parts that are mass produced and identical as opposed to being hand made and ¨one of a kind¨

assembly line

A manufacturing system in witch a product is completed step by step by different workers. changed the way people worked in factories.

division of labor

Having different workers do different tasks is called division of labor. allows workers to make many items quicky. talking up less time

specialization

Division of labor is a form of specialization. is a economic concept that refers to separating tasks. when people in a factory or company spealive one jod and does well

economic interdependence

A society that is economically interdependent is one in witch people rely on one another for rerseas goods and serves they need. This deminstrad that people did not have to make eveything they needed or wanted themselves

stock

certain rights of ownership. people who brought stock became part ownes of these businesses. Stockholder erend high profits

corporation

is a business owned by a stock holders who shars in profits but are not personally resonsible for it depts, they are generally considerd to be private econnic insitetion. they are able to generate, distrbutey and purchase goods and service