Term
What were enclosures? What was their purpose? |
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Definition
Large fields for making farms efficient |
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Term
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Definition
Business owned by stockholders who share it's profits but are not responsible for it's debts. |
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Definition
Workers who have banded together to achieve a common goal. |
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Definition
Someone who operates and assumes all risks to start a business. |
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Term
What is the Laissez Policy? |
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Definition
Government leaves business owners alone. |
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Term
What industry did the capital invest in? |
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Definition
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Term
What were some of the ideal machines to best find in a factory? |
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Definition
Water loom and spinning Jennys |
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Term
What were some of the reforms during the Industrial Revolution? |
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Definition
Abolishment of Slavery, Women's Rights, and Education |
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Term
In what ways did Agriculture raise the evolution? |
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Definition
Population grew, Less workers in rural areas, increase in products. |
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Term
What was the name of the book published by Adam Smith? |
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Definition
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Term
What was one of the effects of the invention of the steam engine? |
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Definition
Allowed for steam ships and locomotives. |
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Term
What contributed to shorter life spans? |
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Definition
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Term
How did the Industrial Revolution affect people? |
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Definition
-Bad schools -Bad housing -Poor police protection |
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Term
Why was the U.S. forced to Industrialize? |
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Definition
Britain put up a blockade |
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Term
What were factors of production? |
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Definition
Land labor and capitalism |
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Term
Where and when did industrialization take place? |
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Definition
Britain during the 18th century. |
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