 | Term | Definition |
| | Domestic System | A system of shearing a sheep giving the wool to a spinner then to a dyer and then to a store to sell the cloth. The money is split between the whole group. |
| | Capital | The money needed to start a corporation or a factory. |
| | James Hargreaves | Invented the spinning Jenny |
| | Eli Whitney | Invents cotton gin |
| | Henry Ford | Decided to make cars that were affordable for most people based on German technology. |
| | Samuel Morse | Invented morse code through telegraph. |
| | Thomas Edison | In his life he patented more than 1,000 inventions, including the light bulb and the phonograph. |
| | Labor Unions | People who pressed for reforms by joining together in voluntary labor associations. |
| | Factory system | A building that contains all the machines needed to complete the domestic system. All of the profits are to the one factory owner and employees. |
| | Labor | The employees and people needed to work a corporation and a factory. |
| | Richard Arkwright | Invented the spinning wheel that used moving water to power a factory. |
| | Henry Bessemer | Finds cheaper and more effective way to make steel. |
| | Partnerships | A deal where two or more people own a corporation and split the profits and debts. |
| | Alexander Graham Bell | Invented the first telephone/telegraph |
| | The Wright Brothers | Invented the first flying machine in 1903. |
| | Collective Bargaining | Negotiations between workers and their employers |
| | Enclosure movement | A system that allowed farm owners to map out their property and put up barriers to mark it. |
| | Entrepreneurs | A person who organizes, manages, and takes on the risks of a business. |
| | Edmund Cartwright | Invented first power loom |
| | Industrial Capitalism | An economic system in which the factors of production are privately owned and money is invested in business ventures to make a profit. |
| | Corporations | A business owned by stockholders who share the profits but are not personally responsible for its debts. |
| | Guglielmo Marconi | Invented the first one way radio |
| | Rudolf Diesel | Invented the first internal combustion engine |
| | The Middle Class | was boosted by the industrial revolution's profits. |
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