What was the first country to industrialize?
The change from making products at home, by hand, to making them in factories, by machines
Invented the steam engine that powered factories; let to an increase of demand for coal
Invented the cotton gin
Invented a new process for making steel
Experimented with radioactivity to discover the elements radium and polonium
increases standards of living
Economic system with private ownership of land and business; fueled the industrial revolution
French phrase meaning “leave alone” Theory that the government should leave businesses alone and society would benefit
Economist who wrote “The Wealth of Nations”
create an ideal society where communities are owned by the people
system where the means of production are publicly owned
common ownership of the mean of production and a planned economy
Why did people think capitalism was bad?
Because it meant lower prices for consumers, unevenly distributed wealth, and it didn’t protect workers
Who were the communist manifesto?
Karl Marx and Friedrich Engels
Why was England first?
England had the capital and the recourses to industrialize
What was the time period?
The 18th century
What was a problem with the industrial revolution
Child Labor because it put children into the work force and put their safety at risk everyday