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Increased output of machine-made goods that began in England in the middle 1700s. |
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One of the fenced-in or hedged-in fields created by wealthy British landowners on land that was formerly worked by village farmers. |
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The system of growing a different crop in a field each year to preserve the fertility of the land. |
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Process of developing machine production of goods, required resources. |
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Resources needed to produce goods and services that the Industrial Revolution required. |
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A large building in which machinery is used to manufacture goods. |
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A person who organizes, manages, and takes on the risks of a business. |
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The movement of people to cities. |
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Social class made up of skilled workers, professionals, business people, and wealthy farmers. |
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Business owned by a stockholder who share in its profits but are not personally responsible for its debts. |
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The idea that government should not interfere with or regulate industries and businesses, leave it alone. |
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An economic system based on private ownership and on the investment of money in business ventures in order to make a profit. |
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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. |
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An economic system in which the factors of production are owned by the public and operate for the welfare of it all. |
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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. |
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An association of workers, formed to bargains for better working conditions and higher wages. |
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To refuse to work in order to force an employer to meet certain demands |
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Invented the seed drill, this deposited seeds in rows instead of scattering the. |
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In 1764, greatly improves the early steam engine. |
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