factors of production
land, labor, and capital; the three groups of resources that are used to make all goods and services
manufacturing process in which each worker does one specialized task in the construction of the final product (Mastered by Henry Ford)
system of consolidating (combining) many firms in the same business to maximize profit
practice in which a single manufacturer controls all of the steps used to change raw materials into finished products
The process of consolidating small landholdings into a smaller number of larger farms in England during the eighteenth century.
Swedish chemist remembered for his invention of dynamite and for the creation of an internatinonal peace or scientific award
should be proper and practice etiquette; not living on their own and joining the workforce
A title for a special job in the mines, which perfectly suited younger, smaller children, who would fit into tiny spaces and push carts full of minerals
a combination of firms or corporations formed by a legal or informal agreement, especially to reduce competition or maximize profit
the nationwide economic system made possible by improvements in the transportation and communication network
Any of a group of British workers who between 1811 and 1816 rioted and destroyed laborsaving textile machinery in the belief that such machinery would diminish employment.
a method of production that brought many workers and machines together into one building
The transformation of farming that led to a SURPLUS of food that could support larger towns and cities
the inputs into the production of goods and services that are provided by nature, such as land, rivers, and mineral deposits
The system of growing a different crop in a field each year to preserve the fertility of the land.
(1674-1741) British farmer and inventor, created the mechanical seed drill to aid in planting.
the human practice of breeding animals or plants that have certain desired traits
(1736-1819) Improved upon Newcomen's steam engine. His steam engine would be the power source of the Industrial Revolution.
This invention allowed impurities to be removed from iron ore and production to speed up 15x.
an organization of workers that have banded together to achieve common goals such as better working conditions
English engineer who created a process of producing steel, in which impurities are removed by forcing a blast of air through molten iron.
a tire made of reinforced rubber and filled with compressed air, invented by Dunlop in 1885
A skilled British Mechanic who memorized the textile mill machine plans and brought them into America.