History Flashcards
(42 cards)
What did Sam Slatter spread to the US?
The textile industry and brought the industrial spinning machine
Positive effects of the Industrial Revolution ?
Transportation, cheap labor, and get your job done by little kids
What are corporations
A business owned by stockholders who shares in its profits and sells to raise money for investment
What did Eli Whitney introduce?
She introduced interchangeable parts
What did Henry ford introduce in 1913
introduced the assembly line
What is a assembly line?
Line of workers each putting a single piece of unfinished cars as they passed on the moving belt.
What are the worlds three most industrialized countries?
The US, Britain and Germany
What did worker groups fought for?
wages, hours, and working conditions
Worker groups also involved in?
Labor unions
What’s a way to protest unions?
Strikes
Why did factory owners blacklisted people?
for being union members to stop the spread of the unions.
When did the government ban unions?
The parliament banned unions in 1800s.
What is parliament?
Parliament is the government
What is economy?
Wealth and resources of a country
What is capitalism?
individuals and private firms own the production of good services. Not owned by government
What did Adam Smith write?
The wealth of nations
What is the wealth of nations?
States about how economy works best with or without the government
What did Thomas Malthus write abt in 1798
An essay on the principle of population
What’s socialism
Economy owned by government
Who’s Karl Marx
Socialist and spoke of 2 classes
What’s ruling class
Owns production, factory owners
What’s working class
Non owners, get treated unfairly by the owners
Communism
No private property, no classes
What are the three natural resources
Coal, iron ore, rivers
