VOCABULARY QUIZ #2 Flashcards

1
Q

industrial revolution

A

an economic change in the source of energy for work, a change in the way goods and services were produced

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2
Q

bourgeoisie

A

( NEW MIDDLE CLASS ) middle class owners of factories & means of production

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3
Q

enclosure movement

A

in which landowners claimed common land & used it to experiment new farming methods

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4
Q

agricultural revolution

A

changes in the way crops were grown which led to increased food production

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5
Q

james watt

A

scottish inventor of the first steam engine

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6
Q

mass production

A

the making of identical products on a large scale by diving work into simple repetitive tasks

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7
Q

josiah wedgewood

A

first englishman to mass produce porcelain outside of china

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8
Q

eli whitney

A

american inventor of the cotton gin

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9
Q

interchangeable parts

A

standardized parts that could be used in all machines, made from iron smelted from coal

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10
Q

steam engine

A

machine that could produce energy from steam

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11
Q

electric telegraph

A

system that allowed for transmission of communication over long distances instantaneously

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12
Q

samuel morse

A

american inventor of a communication code on an electric telegraph

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13
Q

corporations

A

private businesses owned by many individual & institutional investors who provided necessary capital by buying stocks representing shares in the company

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14
Q

the wealth of nations

A

book written by adam smith outlining the ideas of a free-market system based on capitalism & laissez-faire economics

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15
Q

supply & demand

A

the forces of a free-market that adam smith argued should regulate the economy

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16
Q

invisible hand

A

the metaphor for competition within the economy among businesses, being regulated by supply & demand, phrased coined by adam smith

17
Q

adam smith

A

british economist & author of the Weath of Nations, argued for capitalism

18
Q

monopolies

A

giant corporations that controlled a single industry or production process

19
Q

break-of-bulk

A

the transfer of cargo from one type of carrier (ships, trains, trucks) to another

20
Q

trans-siberian railroad

A

railroad built in Russia from Moscow to the Pacific Ocean, created link between Europe & East Asia and aided in the shipment of coal & iron

21
Q

urbanization

A

the growth of densely populated cities as a result of the migration of people to job locations in factories

22
Q

cult of domesticity

A

the separation of women from the outside world & the creation of an insulated world of home, servants, children & management of the family’s social life

23
Q

laissez-faire

A

economic theory which holds that the government should not interfere with the economy, which should fluctuate based on a free-market model of supply & demand

24
Q

robert owen

A

welsh theorist who was an advocate for utopian socialism

25
Q

utopian socialism

A

an economic ideology which holds that the world community should be based on political, social, and economic equality, instead of capitalist competition

26
Q

karl marx

A

german socialist who believed that the revolution, not reform, was the only solution to the misery & unfairness that resulted from the capitalist competition caused by industrialization

27
Q

the communist manifesto

A

karl marx’s book in which he proposed a revolution of the proletariat to take the means of production away from the bourgeoisie, in order to create equality in society & end social injustices

28
Q

das capital

A

karl marx’s book in which he argued that under a communist economic system, there would be no need for governments

29
Q

communism

A

an economic system which holds that the community as a whole should control the means of production and subsequent wealth in order to eliminate social injustices

30
Q

proletariat

A

industrial working class

31
Q

labor unions

A

organizations of workers who used methods in order to gain more rights, high pay, and better working conditions

32
Q

samuel gompers

A

president of the american federation of labor

33
Q

social darwinism

A

ideas to explain how groups of people in society or businesses in the industrial world, survive due to their “fitness” while the weak die out of get taken over, using Darwin’s theory of evolution applied to society

34
Q

malthusian dilemma

A

thomas malthus’s prediction that there wouldn’t be enough resources for the whole population due to population explosion

35
Q

demographic transitions

A

shift in population percentages of the industrialized countries from younger people to older people as more families were having less children, and the life expectancy of adulthood increased