a series of improvements in industrial technology that transformed the process of manufacturing goods
The practice of rotating use of different fields from crop to crop each year, to avoid exhausting the soil.
the process of developing machine production of goods. this requires natural resources such as water, iron ore, rivers for transportation, and harbors
factors of production
Land, labor, and capital; the three groups of resources that are used to make all goods and services.
A time when new inventions such as the seed drill and the steel plow made farming easier and faster. The production of food rose dramatically.
developed seed drilled which allowed for sowing of crops in a straight row rather than scattering by hand
In the early eighteenth century, invented the flying shuttle, which enabled the weaver of a loom to throw the shuttle back and forth between the threads with one hand.
1) SPurred industrial growth
2) Created hundreds of thousands of new jobs
3) Boosted Englands agricultural and fishing industries
4) Made travel easier
A social class made up of skilled workers, professionals, business people, and wealthy farmers
city in england; one of the leading industrial areas; example of an industrial revolution city; first major rail line linked mancester to liverpool
the capital raised by a corporation through the issue of shares entitling holders to an ownership interest (equity)
a business owned by stockholders who share in its profits but are not personally responsible for its debts
What early industries mechanized in the United States?
1) The textile industry
2) Clothing manufature
Why did Belgium lead Europe in adopting industrialization?
1) It had rich deposits of iron ore and coal
2) It had British skilled workers.
How did the Industrial Revolution shift the world balance of power?
It increased competition between industrialized nations and poverty in less developed nations.
Scottish political economist and philosopher. His Wealth of Nations (1776) laid the foundations of classical free-market economic theory, government should not interfere with economics. Advocates Laissez Faire and founder of "invisible hand"
English economist: Said that population tends to increase more rapidly than food supplies
English economist who argued that the laws of supply and demand should operate in a free market (1772-1823), "Principles of Political Economy" (1817); "iron law of wages": rise of population means rise of amount of workers, which cause wages to fall below the subsistence level, resulting in misery and starvation
John Stuart Mill
liberal thinker who believed that freedom and liberty comes from individualism. If the government makes all the decisions regarding freedoms then they aren't really free, and there is tyranny of majority.
a British cotton manufacturer and utopian socialist; believed that humans would show their natural goodness if they lived in a cooperative environment
French social theorist-criticized capitalism-wanted socialist utopia and emancipation of women. Theory of Four Movements
Henri de Saint-Simon
Utopian socialist who wanted a society led by intellectuals providing for the welfare of the lowest classes
German philosopher, economist, and revolutionary. With the help and support of Friedrich Engels he wrote The Communist Manifesto (1848) and Das Kapital (1867-1894). These works explain historical development in terms of the interaction of contradictory economic forces, form the basis of all communist theory, and have had a profound influence on the social sciences. Predicted violent proletariat revolution, and then government would eventually wither away
British statesman and reformer; leader of abolitionist movement in English parliament that led to end of English slave trade in 1807.
Prominent social reformer who was responsible for creating the Hull House. She helped other women join the fight for reform, as well as influencing the creation of other settlement houses.
United States educator who introduced reforms that significantly altered the system of public education
idea that the goal of society should be to bring about the greatest happiness for the greatest number of people
a political system characterized by a centrally planned economy with all economic and political power resting in the hands of the central government
a worker association that bargains with employers over wages, benefits, and working conditions