the greatly increased output of machine-made goods that began in England during the 18th century
One of the fenced-in or hedged-in fields created by wealthy British landowners on land that was formerly worked by village farmers.
The practice of rotating use of different fields from crop to crop each year, to avoid exhausting the soil.
A social class made up of skilled workers, professionals, business people, and wealthy farmers
He memorized the way that the British made machines and he brought the idea to America. He made our first cotton spinning machine.
government has a hands off approach to business based on a belief that business can perform best without government regulation
Economic system in which the factors of production are privately owned and money is invested in business ventures to make a profit.
Idea that people should judge ideas, institutions, and actions on the basis of their usefulness (utility)
Economic system in which the factors of production are owned by the public and operate for the welfare of all
introduced a radical type of socialism known as Marxism - society is divided into "haves" and "have nots"
Professor and Economist that believed that economic liberty guranteed economic progress and government becoming involved would slow down economic progress