| Term | Definition |
|---|
| great britan | what country did the Industrial Rev. begin in? |
| overabundance of the Factors of Production, political stability, and demand | what were the three reasons why the Industrial Rev. began? |
| urbanization | why did england have and overabundance of labor? |
| the agricultural revolution, enclosure movement | what were the two things that caused urbanization in england? |
| 100 years of F. B. of T. | why did england have an overabundance of capital? |
| the bank of england, credit facilities | how did burghers get easy access to capital in england? |
| coal, iron ore | what were the resorces that gave england an overabundance of land? |
| infastructure | how did the burghers get easy access to resources? |
| glorious revolution | what gave england political stability? |
| passed laws protecting private property | what did parliament do to legalize the enclosure movement? |
| worldwide demand for cotton textiles | what encouraged the burghers to exploit the factors of production? |
| kay | who invented the flying shuttle? |
| hargreaves | who invented the spinning jenny? |
| arkwright | who invented the water frame? |
| crompton | who invented the spinning mule? |
| cartwright | who invented the power loom? |
| water frame | which invention was the first industrial machine? |
| spinning mule | which invention connected the spinning jenny and water frame? |
| power loom | which invention met the demand for textiles? |
| steam | what was the power of the 1st industrial rev.? |
| newcomen | who invented the first steam engine? |
| watt | who improved the steam engine? |
| cort | who invented puddling? |
| puddling | what process took the impurities out of iron, making it stronger? |
| transportation revolution | what occured b/c the merchants wanted to transport their goods more efficiently? |
| stephenson | who applied the steam engine to locamotives? |
| macadams | what were the new roads called? |
| burghers | who funded the transportation rev.? |
| factory owners/managers | who ran the new factories and enforced factory regulations? |
| filthy and dangerous | what were the working conditions like in factories? |
| women and children | who were the first unskilled laborors in factories? |
| Adam Smith | who observed the new economic pattern in his book, Wealth of Nations? |
| the amount of money in circulation | what was the business cycle controlled by? |
| prosperity | what phase of the business cycle had high production and low unemplyment? |
| recession | what phase of the business cycle happened when the merchants overproduced goods? |
| recovery | in what phase of the business cycle do deflation and increase in production occur? |
| depression | what happens when the merchants overexploit prosperity by overextending credit? |
| 7 years | how long does a depression last? |
| prosperity | what is the only time a depression can be prevented? |
| great exhibition | at what event did the british show off their great prosperity? |
| crystal palace | where was the great exhibition held? |
| prince albert | who said that the british had reached the time to conquer nature? |
| new roads (macadams) | what was the first advance in the Transportation Rev.? |
| quantity of goods | what was growing at 3x the rate of 1780 in 1851? |
| raw cotten | what was imported from plantations in the American South? |
| time-work discipline | what system was developed in factories and enforced by factory owners b/c machines had to work constantly for maximum output? |
| evangelical churches | where did the factory owners try to reenforce the new values? |
| large supply of markets | what was the importance of the british empire (america, ect.)? |
| joint-stock companies | "huge capital demands" needed for railway building encouraged the new middle class to invest in what? |
| factory regulations | what were rules in factories such as "be on time" and "no drinking" called? |
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