Chapter 22 Industrial Revolution Vocab Flashcards

1
Q

Inventor of the Cotton Gin

A

Eli Whitney

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2
Q

Patented the first modern steam engine

A

James Watt

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3
Q

Created the morse code

A

Samuel Morse

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4
Q

Planting different crops each year.

A

Crop Rotation

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5
Q

The spinning mill started the what

A

Factory System

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6
Q

When power driven machines began to much of the work that people had done before.

A

Industrial Revolution

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7
Q

Use of automatic machinery to increase production

A

Mechanization

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8
Q

Cramped, shabby apartments where workers lived during the Industrial Revolution

A

Tenements

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9
Q

Economic system in which individuals, instead of the government control the factors of production

A

Capitalism

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10
Q

Complete control of the production or sale of a single good or service.

A

Monopoly

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11
Q

Alternating periods of prosperity and decline

A

Business Cycle

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12
Q

founder of Ford

A

Henry Ford

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13
Q

Founder of the United States steel company

A

J.P. Morgan

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14
Q

Belief that government should not interfere with the operations of business.

A

Laissez-Faire

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15
Q

System in which economic forces work automatically and naturally, without mercantilism law and regulations

A

Free Enterprise

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16
Q

Everything used to produce and exchange goods

A

Means of Production

16
Q

Process of negotiation between management and union representatives

A

Collective Bargaining

17
Q

Political and economic system in which the government owns the means of production

A

Socialism

18
Q

Utopian Socialist

A

Robert Owen