Industrial Revolution Cards Flashcards
(18 cards)
origins of industrialization
Renaissance, Commercial Revolution/Exploration, Scientific Revolution, Enlightenment
3 factors for production
Land, Labor, Capital
Laissez-Faire/free market system
Law of self interest (people work for own good), Law of Competition (forces people to make better product), supply and demand-enough goods made at lowest price to meet market economy
What was the industrial revolution
increased output of machine-made goods, the 18th century.
What did Britain do in order to keep industrial secrets from the United States?
forbade engineers, mechanics, and toolmakers from leaving the country.
Adam Smith
made Laissez Fiare economics and, The Wealth of Nations
Thomas Malthus
predicted thta food supplies wouldnt keep up with population and the war disease and famine would check population.
IR affect on cities
population grew faster than housing supply
reforms movements of the period
abolish slavery, women’s rights
unions
voluntary associations of workers seeking labor reforms
long term affects of Communist Manifesto
Inspired the Russian Revolution to occur
socialism and communism
communism is a form of complete socialism: people own all production and property.
George Stephenson
steam powered locomotive “The Rocket”
Robert Fulton
created Steamboat
James Watt
entrepreneur who created a more efficient steam engine
Thomas Newcomen
created water pump with a steam engine, pumped water out of mines
david ricardo
thought that rise of population meant more jobs and less wages. working class would never escape poverty
Robert Owen
utopian socialist, wanted no social classes, a community that lived and worked under decent conditions
