15.3 Flashcards
mass production
system of manufacturing large quantities of identical items.
interchangeable parts
machine parts that are identical and manufactured by machine
assembly line
each worker does one step o a manufacturing processes
division of labor
different workers doing individual and different tasks
specialization
separation of tasks
economic interdependence
people in a society relying on other people
stock
right of ownership in a company called corporation
corporation
a business owned by stockholders who share in its profits but are not responsible for its debt.
interchangeable parts is an aspect of ____ that allows a damaged product to be fixed using an identical item.
mass production
What 2 European countries lagged far behind in industrialization bc of their geography
Austria and Spain
Germany was politically separated into many smaller states. How did that effect its industrialization relative to the U.S and Britain
It took longer to industrialize than U.s and Britain.
How was imperialism affected by international competition for colonial markets?
It caused an increase international comp for colonial markets.
What imperialist country built a worldwide empire to develop its industrial economy?
Britian
Cockerill
expanded industrialization to continental Europe.
Rockefeller
oil production
