Term
1. Agricultural Revolution
The agriculture revolution set off the industrial 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 is also known as 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
3. Capital
Slave trade accumulated capital. |
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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
4. Capitalism
Capitalism creates jobs. |
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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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5. Communism
Communism is the opposite of 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
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Term
6. Crop rotation
Turnips were planted during crop rotation to restore soil. |
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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
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Term
7. Economy
The economy grew with high demand of goods and consumers. |
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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
8. Factors of production
Cotton was a major factor of production. |
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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
9. Laissez Faire
Companies had more independence due to laissez faire. |
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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
10. Industrialize
Inventors helped to industrialize Britain. |
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Definition
when a country or place develops a lot of industry
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Term
11. Industrial Revolution
The industrail revolution happened after the agricultural revolution. |
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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
12. Natural resource
Britain had an advance of natural resources. |
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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
Prolertariat were low class or commoners. |
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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
14. Socialism
Socialism is a generous distribution of money. |
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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
Subsistence isn't wealthy nor poor. |
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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
Textile is another word for fabric. |
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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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