Flashcards
Industrial Revolution Vocab
Cards in this deck (17)
- 1Industrial Revolutionchanges beginning in the 1700's, when power-driven machines began to do much of the work that people had done before
- 2Enclosure Movementpractice of fencing or enclosing common lands into individual holdings
- 3Crop Rotationthe practice of altering crops of different kinds to preserve soil fertility
- 4Factors of Productionbasic resources necessary for industrialization, such as lands, capital, or labor
- 5Mechanizationuse of automatic machinery to increase production
- 6Domestic Systemmethod of production in which work is done in homes rather than in a shop or factory
- 7Factory Systemproduction of goods in a factory through through the use of machines and a large number of workers
- 8Bessemer Processmethod of making steel that involves the forcing of air through molten iron to burn off carbon and other impurities
- 9Capitalismeconomic system in which private individuals rather than the government control the factors of production
- 10Commercial Capitalismearly phase of capitalism involving merchants who bought, sold, and exchanged goods
- 11Industrial Capitalismtype of capitalism occurring during the Industrial Revolution when capitalists were involved in producing and manufacturing goods themselves, often using mechanized and industrialized methods of production
- 12Division of Laborcharacteristic of civilizations in which different people perform different jobs
- 13Interchangeable Partsparts that can go equally well in other components
- 14Mass Productionsystem of manufacturing large numbers of identical items
- 15Sole Proprietorshipbusiness owned and controlled by one person
- 16Partnershipbusiness owned and controlled by two of more people
- 17Corporationbusiness organization in which individuals buy shares of stock, elect directors to decide policies and hire managers, and receive dividends according to the number of shares they own
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- Flashcards on Industrial Revolution Vocab, created by tanna.jensen on 08/04/2014.
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