Term
Agricultural Revolution
There were many technology advancements during 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
Bourgeoisie
The bourgeoisie was the middle class. |
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Definition
the people in a society who are rich, educated, own land etc, according to Marxism
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Term
Capital
Capital goods were sold for profit amongst businesses. |
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Definition
money or property, especially when it is used to start a business or to produce more wealth
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Term
Capitalism
Not many people are very fond of capitalism. |
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Definition
an economic and political system in which businesses belong mostly to private owners, not to the government
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Term
Communism
In communism, I feel as though not everyone would get their fair share. |
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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
Crop rotation
Crop rotation was used by many farmers. |
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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 soil
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Term
Economy
The economy helps keep everything running and in place. |
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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
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Term
Factors of production
The factors of production are divided into four categories. |
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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
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Term
Laissez Faire
Laissez-Faire allows things to take its own course without getting involved. |
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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
Industrialize
People try to industrialize different countries. |
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Definition
when a country or place develops a lot of industry
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Term
Industrial Revolution
The Industrial Revolution lead to amazing inventions such as laughing gas. |
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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
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Term
Natural resource
Most natural resources were found landmarks such as rivers or mountains. |
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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
Proletariat
Workers in factories, who were known as proletariats, got very little pay. |
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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
Socialism
In order to take wealth away from the rich and give back to the poor, people would turn to socialism. |
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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
Subsistence
Subsistence is basically like another word for poverty. |
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Definition
the condition of only just having enough money or food to stay alive
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Term
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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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