Term
| 1. Agricultural Revolution The Agricultural Revolution improved the lives of many farmers because many new helpful inventions were created. |
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Definition
| a significant change in agriculture that occurs when there are discoveries, inventions, or new technologies that change production[image] |
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Term
| 2. Bourgeoisie The Bourgeoisie are the middle class, according to France during the French Revolution. |
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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 I want to raise enough capital for my start up business. |
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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 Capitalism is slightly different than Communism. |
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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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Term
| 5. Communism China rules using communism, but it allows capitalism. |
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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[image] |
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Term
| 6. Crop rotation The process of Crop rotation was invented by Charles Townshend during the Industrial Revolution. |
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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 British economy was soaring and successful during the Industrial Revolution |
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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 Many different issues with the Factors of Production led her business to fail. |
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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. Laissez Faire Laissez Faire was a saying that meant government should not interfere with businesses. |
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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[image] |
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Term
| 10. Industrialize The government hopes to industrialize some of the agricultural regions. |
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Definition
| when a country or place develops a lot of industry[image] |
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Term
| 11. Industrial Revolution The Industrial Revolution was an era of success and astonishing improvement in the agriculture and economic fields. |
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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
| 12. Natural resource Oil is a natural resource because it is not man made, and comes from the earth. |
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Definition
| things that exist in nature and can be used by people, for example oil, trees etc[image] |
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Term
| 13. Proletariat People who are proletariat are typically middle class/poor people because they don't own land and work in factories. |
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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[image] |
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Term
| 14. Socialism The system of socialism imporved the lives of many poor citizens because they were given money by the government from the rich. |
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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[image] |
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Term
| 15. Subsistence People depended on hunting and fishing for subsistence. |
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Definition
| the condition of only just having enough money or food to stay alive[image] |
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Term
| 16. Textile They import silk textiles from China. |
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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[image] |
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