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Unit 8: Industrial Revolution

STUDY
PLAY
Agricultural Revolution
The improved farming methods.
Steam Engine
Made transportation of produce, and people faster.
Industrialization
The process of developing machines to create goods.
Factors of Production
The requirement of aquiring all resources needed to produce goods and services.
Factories
A large building where wealthy merchants set up machines.
Railroads
A cheap efficent way to transport goods.
Capitalism
An economic system where people invest their money in growing buisness to make a profit.
Socialism
Where people do not make profits off the expense of other people.
Marxism/Communism
An economic system where the government runs everything, and everyone is equal.