Chapter 13 Notes Flashcards

1
Q

before 1600 most European villages worked

A

their own plots of land in order to grow food for their families

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2
Q

Enclosure Movement

A

the practice of fencing or enclosing common lands into individual holdings; small land holdings put together to form larger land holdings

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3
Q

Effects of the Enclosure Movement

A
  1. Small plot owners were forced to become tenant farmers or move to the cities 2. common lands were vanishing 3. new farming methods so more food was being produced
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4
Q

Jethro Tull invented

A

a seed drill to plant seeds in a straight row

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5
Q

Charles Townshend introduced a system called

A

crop rotation

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6
Q

Industrial Revolution began in

A

England

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7
Q

Factors of Production were

A

land, labor, and capital

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8
Q

land refers to

A

all natural resources and England had plenty of coal and iron ore

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9
Q

capital

A

tools, machinery, equipment, and inventory

also money

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10
Q

labor

A

workers

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11
Q

what was the first industry to be industrialized

A

the textile industry

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12
Q

domestic system

A

work was done in the individual’s home

problem-the demand for cloth could not be met

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13
Q

John Kay

A

introduced the flying shuttle

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14
Q

What did the flying shuttle do for the weaving industry

A

weavers could now make cloth and could meet their demand and then some

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15
Q

James Hargreaves introduced the

A

spinning jenny

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16
Q

Richard Arkwright

A

introduced a new power source- running water

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17
Q

factory system

A

have large numbers of workers brought under one roof and did the work in a factory

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18
Q

Edmund Cartwright

A

invented the water loom

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19
Q

Eli Whitney

A

introduced the cotton gin

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20
Q

What happened as a result of the cotton gin being introduced

A
  1. Southern US became the cotton producer of the world 2. an unintended side effect was an increase in slavery or the expansion of slavery
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21
Q

Early machines were driven by and later replaced water

A

water power

steam

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22
Q

Thomas Newcomen

A

invented the first steam engine

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23
Q

James Watt

A

patented the modern steam engine; improved the steam engine

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24
Q

William Kelly/ Henry Bessemer

A

developed a cheaper more efficient method of making steel called the Bessemer process

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25
Q

Robert Fulton

A

first to build a profitable steamboat called the Clermont

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26
Q

Samuel Morse

A

developed Morse Code and the telegraph

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27
Q

Reasons Great Britain led the way in industrialization

A
  1. plenty of coal and iron ore reserves 2. transportation system 3. entrepreneurs’ capital-the people that start the businesses and take the risk 4. an increase in food production 5. colonial empire (raw materials) 6. the government supported industrialization
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28
Q

employers wanted workers who could learn

A

a few simple tasks

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29
Q

who became efficient workers

A

women and children

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30
Q

young men and women were the preferred workers because

A

they did not have set working habits and did not expect high wages

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31
Q

in the domestic system

A
  1. workers usually worked unsupervised in their homes 2. turned over finished products about once a week 3. paid for the number of items completed
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32
Q

in the factory system

A
  1. worker performed only a small part of the entire job 2. everyone employed by the factory owners 3. payment based on the number of hours worked
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33
Q

factory owners wanted to

A

produced goods as cheaply as possible

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34
Q

number of workers affected

A

wages

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35
Q

wages for men were

A

higher

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36
Q

What were the factory working conditions

A
  1. pay was extremely low with no compensation for injury 2. young children had to work and there were no child labor laws 3. if you broke the boss’s rules you were fired 4. very hot in summer and cold in winter 5. worked 14 hrs a day 6 days a week 6. children were not getting educated if they were working
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37
Q

tenaments

A

shabby apartment buildings were workers lived

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38
Q

balance of economic and political power shifted from to

A

agriculture

manufacturing

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39
Q

as industries grew and cities grew a new thrived

A

well-educated middle class

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40
Q

this middle class consisted of

A

bankers, manufacturers, merchants, lawyers, doctors, engineers, and professors

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41
Q

finances reflected their

A

social status

42
Q

this middle class could afford to

A

live in larger homes and less crowded neighborhoods

43
Q

many from the middle class owned and hired

A

property

servants

44
Q

Since factory owners wanted to produce goods as cheaply as possible, when the cost of land or capital rose,

A

owners lowered workers’ wages

45
Q

Factory workers were forced to adjust their lives to the demands of the machines, which led some people to think

A

they were expected to become machines themselves

46
Q

the lower classes gained increasing

A

social influence and political power during the Industrial Revolution

47
Q

capitalism

A

an economic system in which individuals or corporations rather than governments control the factors of production

48
Q

commercial capitalism

A

capitalists were merchants who bought and sold goods

49
Q

industrial capitalism

A

capitalists became more involved in producing and manufacturing goods

50
Q

division of labor

A

factory owner divided up the manufacturing process into steps and assigned a step to each worker

51
Q

interchangeable parts

A

parts that were identical so could easily be replaced

52
Q

applied interchangeable parts and division of labor in his gun factory

A

Eli Whitney

53
Q

mass production

A

the system of producing large numbers of identical items

54
Q

three key elements for mass production

A

division of labor, the use of interchangeable parts, and an assembly line

55
Q

applied assembly line concept to automotive process

A

Henry Ford

56
Q

sole proprietorship

A

a business owned and run by just one person

57
Q

partnerships

A

a business owned and run by two or more people

58
Q

monopoly

A

where a single corporation has almost complete control of the production or sale of a single good or service; a company exclusively controls a product

59
Q

cartel

A

where several large companies secretly combine to set production; where several giant corporations combine to control every stage of entire industries

60
Q

business cycle

A

phases in the economy that go up and down; alternating periods of prosperity and decline

61
Q

name and describe the phases of the business cycle

A
  1. peak-highest level of the cycle 2. expansion-we are rounding the corner 3. contraction “recession”-cycle starts to downturn or go down 4. trough-the lowest point in the cycle
62
Q

mercantilism is a theory based on

A

the belief that the world contains only a fixed amount of wealth (gold was the standard) (must try to accumulate gold)

63
Q

physiocrats said that

A

natural laws should govern economic life

64
Q

Adam Smith wrote

A

The Wealth of Nations in 1776

65
Q

Adam Smith was the founder of

A

classical economics

66
Q

Adam Smith said that the law of supply and demand governed

A

all business and economic activity

67
Q

the laws of competition said that

A

as manufacturers compete with one another to sell products they have to lower prices so as to be more competitive

68
Q

laissez-faire

A

means “let it be” or “leave things alone”; the belief that government should not interfere with the operations of businesses

69
Q

Thomas Malthus was who wrote an essay called

A

an Anglican clergyman who became a professor of economics

An Essay on the Principle of Population

70
Q

Thomas Malthus said in his essay that

A

people multiply more rapidly than the food supply increases

71
Q

David Ricardo published

A

Principles of Political Economy and Taxation (1817)

72
Q

David Ricardo introduced the

A

iron law of wages

73
Q

the iron law of wages said

A
  1. when labor is plentiful, wages remain low 2. when labor is scarce, wages rise
74
Q

dismal science

A

the new social science of economics

75
Q

humanitarianism

A

people who work to improve the condition of others

76
Q

In utilitarianism Jeremy Bentham said that the law is useful if

A

it benefit the greatest number of people; it led to the “greatest happiness of the greatest number” of people

77
Q

John Stuart Mill argued for utilitarianism when he said that

A

government should work for the good of all its citizens

78
Q

What were the objectives of the labor unions

A

better wages and better working conditions

79
Q

what did the Combination Acts (1799/1800) in Britain say

A

it was legislation that said that workers who united to protest conditions in factories could be imprisoned

80
Q

collective bargaining

A

workers and management work together to negotiate for better conditions and better wages

81
Q

socialism

A

governments own the means of production and operate them for the benefit of all people, rich or poor

82
Q

the economy during the Industrial Revolution shifted from

A

agriculture to manufacturing

83
Q

a few people became as a result of this shift but most remained

A

enormously rich

poor

84
Q

reformers argued that the only way to distribute wealth was

A

to change the ownership and operation of the means of production

85
Q

means of production include

A

capital and equipment used to produced and exchange goods

ex. land, factories, transportation systems, and mines

86
Q

reformers wanted to establish a system that would

A

do away with the profit motive and competition

87
Q

the reformers believed that everyone had a right to

A

share in the profits

88
Q

utopian socialists

A

believed people could live together peacefully and work for the common good

89
Q

Sir Thomas More published

A

Utopia

90
Q

in his book Utopia, Sir Thomas More worked out plans for

A

a perfect ideal community

91
Q

Robert Own was one of the most

A

influential utopian socialists

92
Q

villages of cooperation

A

self-supporting communities

93
Q

Karl Marx wrote which was

A

The Communist Manifesto

a book establishing the main ideas of communism

94
Q

Karl Marx divided society into two classes. What are those classes?

A
  1. the bourgeoisie-the owners-called the “haves” 2. the proletariat-the working class-called the “have nots”
95
Q

Labor supply theory

A

the laborers (or havenots) are going to create wealth but the wealth will stay with the owners

96
Q

dictatorship of the proletariat

A
  1. the owners are going to continue to get wealthy 2. and continue to drive the workers into poverty
97
Q

people would eventually and the state would “ “

A

rebel

wither away

98
Q

when people rebel it would result in a

A

truly classless society

99
Q

pure communism

A

a truly classless society

100
Q

who said “from each according to his abilities to each according to his needs”

A

Karl Marx