Ch. 4.1 The Industrial Revolution Flashcards Preview

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Flashcards in Ch. 4.1 The Industrial Revolution Deck (11):
1

enclosure movement

Parliament passed laws in 1700s to allow landowners to fence off common lands. many peasants forced to move to towns to find works labor supply

2

capital

ready supply of money. used to invest in industrial machines and factories.

3

entrepreneur

wealthy people who sought business opportunities and ways to make profit

4

cottage industry

production method in rural cottages to make cotton goods.

5

puddling

process in which coke (coal derivative) is used to purify crude iron and make higher quality iron. developed by Henry Cort

6

industrial capitalism

economic system based on manufacturing (and investing in it)

7

socialism

economic system in which society/gov't owns and controls important parts of economy (ex. factories, utilities) public ownership=more equally distributed wealth

8

(a) dynamic

"A number of factors are necessary in order for this DYNAMIC process of industrialization to occur."

9

(a) migrate

"Early factory workers MIGRATED from rural areas."

10

(p) James Watt

Scottish engineer. improved steam engine in 1760s. 1782: allowed steam engine to drive machinery

11

(p) Robert Fulton

American. built first paddle-wheel steamboat, Clermont, 1807