Indrostial Revolustion Flashcards
Enclosed movement
The enclosure movement was this: wealthy farmers bought land from small farmers, then benefited from economies of scale in farming huge tracts of land. The enclosure movement led to improved crop production, such as the rotation of crops.Jun 28, 2016
Crop rotation
noun
the action of rotating around an axis or center.
Industrial revolution
The Industrial Revolution is the name given the movement in which machines changed people’s way of life as well as their methods of manufacture. About the time of the American Revolution, the people of England began to use machines to make cloth and steam engines to run the machines.
Factors or production
Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.Aug 9, 2012
Mechanization
Mechanization or mechanisation (British English) is the process of changing from working largely or exclusively by hand or with animals to doing that work with machinery.
Factory systems
Use of machinery with the division of labor reduced the required skill level of workers and also increased the output per worker. The factory system was first adopted in Britain at the beginning of the Industrial Revolution in the late 18th century and later spread around the world. It replaced the putting-out system.
Cottage industry
a business or manufacturing activity carried on in a person’s home.
Entrepreneur
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
Tenemewts
plural noun: tenements
1.
a room or a set of rooms forming a separate residence within a house or block of apartments.
Mass production
“Mass production”, “flow production” or “continuous production” is the production of large amounts of standardized products, including and especially on assembly lines.
Fordism
Fordism is a term widely used to describe (1) the system of mass production that was pioneered in the early 20th century by the Ford Motor Company or (2) the typical postwar mode of economic growth and its associated political and social order in advanced capitalism.May 17, 2016
Corporation
company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
Monopoly
1.
the exclusive possession or control of the supply or trade in a commodity or service.
“his likely motive was to protect his regional monopoly on furs”
Strikes
hit forcibly and deliberately with one’s hand or a weapon or other implement.
“he raised his hand, as if to strike me”
Unions
the action or fact of joining or being joined, especially in a political contex
