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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
The stereotype that emerged from the Industrial Revolution about how women should behave, what they should or should not do, and how they should dress.
A title for a job in the mines, which perfectly suited younger, smaller children, who would fit into tiny spaces and push or pull carts full of minerals
a combination of firms or corporations formed by a legal or informal agreement, especially to reduce competition or maximize profit by price fixing
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.
Created by Eli Whitney, in the 1860's, this allowed mechanical items to be fixed rather than replaced.
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.
"Father of the Factory System"
Name given to Samuel Slater; escaped Britain with the memorized plans for the textile machinery; put into operation the first spinning cotton thread in 1791 in America.
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