Lesson 3 Q3 Flashcards
(16 cards)
Mass production
The system of manufacturing large numbers of identical items
Interchangeable parts
Identical machine made parts
Assembly line
An innovation that changed the way people worked in factories and in an assembly line the product moves from worker to worker as each person performs a step in the manufacturing process
Division of labor
Having different workers do different tasks
Specialization
Is an economic concept that refers to separating tasks
Economic interdependence
A society where people rely on one another for resources, goods and services they need
Stock
Certain rights of ownership
Corporation
A business owned by stockholders who share in its profits, but not personally responsible for its debt
What industry did industrialization begin in the US?
Textile industry
Why did England for a bit skilled workers to leave the country?
Because Britain didn’t want other countries, copying its machines so it banned skilled people to leave the country protecting its industrial secrets
How did Samuel Slater help industrialization in the US
Samuel Slater memorized how British machine works and moved to the US . he built the first successful spinning machine in Rhode Island and helped start factories in America
What did Slater become known as for his contributions?
Slater became known as the father of American industry
How was Germany divided?
Germany was a politically divided in the early 1800s
What factors hampered countrywide industrialization
Economic isolation and scattered resources hampered countrywide industrialization
What did Germany import?
Germany imported British equipment and engineers
Why did manufacturers sent their children to England?
German manufacturers sent their children to England to learn industrial management
