Chapter 20

8 terms by Wentzinator 

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agricultural revolution

the application of new agricultural techniques that allowed for a large increase in productivity in the eighteenth century.

capital

material wealth used or available for use in the production of more wealth.

cholera

an infectious epidemic disease common in many urban areas during the nineteenth century; concern about the disease and the filthy conditions that helped it spread led to public health measures.

cottage industry

a system of textile manufacturing in which spinners and weavers worked at home in their cottages using raw materials supplied to them by capitalist entrepreneurs.

entrepreneur

one who organizes, operates, and assumes the risk in a business venture in the expectation of making a profit.

joint-stock investment bank

a bank created by selling shares of stock to investors. Such banks potentially have access to much more capital than do private banks owned by one or a few individuals.

tariffs

duties (taxes) imposed on imported goods; usually imposed both to raise revenue and to discourage imports and protect domestic industries.

trade union

an association of workers in the same trade, formed to help members secure better wages, benefits, and working conditions.

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