Chapter 21 Flashcards

1
Q

Massive growth in cities

A

Urbanization

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2
Q

Identical machine made parts

A

Interchangeable parts

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3
Q

System of government which government actions benefit the majority

A

Utilitarianism

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4
Q

Land, labor, capital

A

Factors of production

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5
Q

Process in which one person is trained to do one job

A

Division of labor

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6
Q

No government intervention in the economy

A

Laissez Faire

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7
Q

Period of time in which manpower was replaced by machine power

A

Industrial revolution

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8
Q

Training to do a specific job

A

Specialization

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9
Q

Economic system based off of private industry

A

Capitalism

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10
Q

Government in which the people own and operate everything

A

Communism

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11
Q

Process of producing large numbers of identical goods

A

Mass production

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12
Q

Government owns and operates all production

A

Socialism

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13
Q

Process of mass producing goods based on specialization

A

Assembly line

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14
Q

British economist who advocated Laissez Faire economics

A

Adam Smith

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15
Q

What are three things that brought on the agricultural revolution?

A

New technology
Crop rotation
Enclosure movement

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16
Q

What was the enclosure movement?

A

Wealthy farmers bought all the land

17
Q

What are four reasons why the industrial revolution happened in England?

A

Factors of production
Expanding economy
Stable political climate
Natural resources

18
Q

What was the first industry in England that was affected by the industrial revolution?

A

Textile industry

19
Q

How did the invention of the steam engine affect transportation methods?

A

Decreased transportation times

20
Q

What are six ways the industrial revolution changed cities?

A

Urbanization
Poor sanitation
Increased price on goods
Standard of living increased
No safety precautions
Leisure activities

21
Q

What characteristic defined the upper class in the industrial revolution?

A

Factory owners

22
Q

What characteristic defined the middle class in the industrial revolution?

A

White-collar jobs

23
Q

What characteristic defined the working class in the industrial revolution?

A

Blue-collar jobs

24
Q

What were six effects of the industrial revolution?

A

Nations became richer
Created jobs
Technological innovations
Standard of living increased
Creation of unions
Increased education

25
How did the industrial revolution come to America?
Samuel Slater brought factory and machine ideas to America
26
What were three where is America improved the industrial revolution?
Interchangeable parts Assembly line Division of labor
27
What was the three natural laws that Adam Smith said the economy ran off of?
Self interest Supply and demand Competition
28
What was the purpose of private industry in capitalism?
To make profits and invest
29
What were five new government ideas came from the industrial revolution?
Utilitarianism Communism Anarchism Socialism Utopian society
30
What phrase sums up utilitarianism?
The greatest good for the greatest amount of people
31
What were two characteristics of socialism?
No private industry Equality
32
What was the goal of the utopian society?
Perfect society
33
What was the purpose of communism?
To create equality because there were no social classes