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Unit 4 Vocabulary
sdg
21
History
9th Grade
10/29/2015

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Term
Industrial Revolution
Definition
Increased output of machine-made goods that began in England in the middle 1700s.
Term
Enclosures
Definition
One of the fenced-in or hedged-in fields created by wealthy British landowners on land that was formerly worked by village farmers.
Term
Crop Rotation
Definition
The system of growing a different crop in a field each year to preserve the fertility of the land.
Term
Industrialization
Definition
Process of developing machine production of goods, required resources.
Term
Factors of Production
Definition
Resources needed to produce goods and services that the Industrial Revolution required.
Term
Factory
Definition
A large building in which machinery is used to manufacture goods.
Term
Entrepreneur
Definition
A person who organizes, manages, and takes on the risks of a business.
Term
Urbanization
Definition
The movement of people to cities.
Term
Middle class
Definition
Social class made up of skilled workers, professionals, business people, and wealthy farmers.
Term
Stock
Definition
Rights of ownership.
Term
Corporation
Definition
Business owned by a stockholder who share in its profits but are not personally responsible for its debts.
Term
Laissez Faire
Definition
The idea that government should not interfere with or regulate industries and businesses, leave it alone.
Term
Capitalism
Definition
An economic system based on private ownership and on the investment of money in business ventures in order to make a profit.
Term
Utilitarianism
Definition
The theory, proposed by Jeremy Bentham in the late 1700s, that government actions are useful only if they promote the greatest good for the greatest number of people.
Term
Socialism
Definition
An economic system in which the factors of production are owned by the public and operate for the welfare of it all.
Term
Communism
Definition
An economic system in which all means of production- land, mines, factories, railroads, and businesses- are owned by the people. All goods and services are shared equally.
Term
Union
Definition
An association of workers, formed to bargains for better working conditions and higher wages.
Term
Strike
Definition
To refuse to work in order to force an employer to meet certain demands
Term
Jethro Tull
Definition
Invented the seed drill, this deposited seeds in rows instead of scattering the.
Term
James Watt
Definition
In 1764, greatly improves the early steam engine.
Term
Karl Marx
Definition
Advocated for communism.
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