Term
1. Agricultural Revolution
New ways of farming came around in the agricultural revolution. |
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Definition
a significant change in agriculture that occurs when there are discoveries, inventions, or new technologies that change production
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Term
2. Bourgeoisie
The bourgeoisie were at the top of the third class. |
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Definition
| the people in a society who are rich, educated, own land etc, according to Marxism [image] |
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Term
3. Capital
Good businesses tend to have a good capital. |
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Definition
| money or property, especially when it is used to start a business or to produce more wealth [image] |
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Term
4. Capitalism
In capitalism anyone can be in control. |
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Definition
| an economic and political system in which businesses belong mostly to private owners, not to the government [image] |
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5. Communism
Under communism the government owns any and all businesses. |
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Definition
a political system in which the government controls the production of all food and goods, and there is no privately owned property
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Term
6. Crop rotation
Crop rotation was used inorder increase better crop yeild. |
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Definition
| the practice of changing the crops that you grow in a field each year to preserve the good qualities in the soil [image] |
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Term
7. Economy
The current American economy is in ruins. |
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Definition
| the system by which a country's money and goods are produced and used, or a country considered in this way [image] |
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Term
8. Factors of production
Helpful factors of production lead to success |
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Definition
| a collection of various resources which contribute to producing goods or services, which fall into three main groups - land, labor, and capital [image] |
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Term
9. Industrial Revolution
The industrial revolution gave us some of the best inventions. |
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Definition
| the period in the 18th and 19th centuries in Europe and the USA when machines were invented and the first factories were established [image] |
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Term
10. Industrialize
America began to industrialize following the agricultural revolution. |
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Definition
| when a country or place develops a lot of industry [image] |
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Term
11. Laissez Faire
Britain practiced laissez faire during its industrial revolution. |
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Definition
the principle that the government should allow the economy or private businesses to develop without any state control or influence
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Term
12. Natural resource
We used a ton of our natural resources during the industrial revolution. |
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Definition
things that exist in nature and can be used by people, for example oil, trees etc
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Term
13. Proletariat
The proletariat are part of socialism. |
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Definition
the class of workers who own no property and work for wages, especially in factories, building things etc - used in socialist writings
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Term
15. Socialism
In socialism the rich are forced to share with the poor. |
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Definition
an economic and political system in which large industries are owned by the government, and taxes are used to take some wealth away from richer citizens and give it to poorer citizens
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Term
15. Subsistence
the poorest of the poor live in subsistence. |
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Definition
the condition of only just having enough money or food to stay alive
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Term
16. Textile
The beitish industrial revolution started pff with making textiles. |
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Definition
any type of woven cloth that is made in large quantities, used especially by people in the business of making clothes etc
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