Exam 2 Notecards Flashcards
(9 cards)
___________ economics - the basic unit of production and consumption; people grew their own food, and made their own clothes.
Household
__________ economy - a boom and bust type economy where you would have good and bad years determined by the harvest.
Traditional
____________________ was the key pre-condition in two ways to the Industrial Revolution:
- More food could be grown with fewer people. (high unemployment rates)
- Went hand-in-glove with the population explosion between 1750 - 1850.
Agricultural Revolution
_______ _________ - happened between 1750-1850 nearly everywhere because people were getting married younger to have children to work on the farms. The children are living longer due to how great the amount of food was. This created a growing demand for goods (good economy). Farms got smaller so they could supplement their income by joining the cottage industry.
Population Explosion
_________ industry - a type of industry that brings manufacturing to the home. Spinning and weaving was the most popular. This in return helped develop the ________ - ____ System, a system in which a rich man while buy raw materials, give it to the members of a cottage industry home and come back a week later to pay and receive the goods. This worked well because people already had the tools and knowledge to complete the tasks. over time, farming dissolved as cottage industry grew. This was a key transition from argian society (farming) to an industrial society.
Cottage
Putting - Out
The __________ Revolution - the substitution of machine power for human and animal power. There were three technologies that powered the I.R.:
- steam power
- new techniques in coal and iron productions
- mechanisms of textiles
Industrial
In 1782, ___________ patents the steam engine. Steam replaces water because factories are free to build wherever they want, and they can produce much more with a steam engine that a water wheel. This leads into the 1784 rolling and puddling process, which is the production of iron using coal as fuel. Iron in the master material of the Industrial Revolution.
James Watt
_______ - invented in Britain; steam engine railways began to replace roads and canals. In 1830, the first passenger railway opens. This is significant because it decreases the time spent in transporting goods, therefore causing the economy to boom because time is money. It also made subsidization possible and lead to agricultural homogination- it doesn’t matter where you live, it’s how you live.
Railways
_____ had social mobility which means they can move up in the ranks of society easy (money talks). By 1830, Britain is the undisputed workshop of the world and by 1850, more than half of all world trade is passed through British hands.
Britain
