7.1 Flashcards
(5 cards)
1
Q
industrial revolution
A
the rapid transformation of the economy thru the introduction of machines, new power sources, and new chemical processes in Europe and the US between 1760-1830
2
Q
wage labor
A
a socioeconomic relationship in which an employer pays a worker to complete a task, sometimes by the day or by the hour
3
Q
middle class
A
people who are either salaried professionals (lawyers, educators, physicians) or office wage workers (bank tellers, store clerks)
4
Q
labor unions
A
association of workers in particular industries established to collectively bargain with capitalists
5
Q
international division of labor
A
the situation in which the labor forces at different countries and world regions play complementary roles in an independent global economy
