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Industrial Revolution Vocabulary
Agrarian/Agricultural RevolutionA period in the early 1700’s when there was an increase in the effectiveness of farming
Enclosure The purchasing and combination of many small farms buy a single owner Forces many to move to the cities Allows for experimentation in farming
Urbanization The growth of cities as well as people moving to the cities
Industrialization The growth of factories
Industrial RevolutionA period beginning in the mid 1700’s when the production of goods shifted from hand made to machine made
Factors of Production Things needed for successful industrializationLand, Labor, and Capital!
Natural Resources Materials in the environment which can be used for production; wood, gas, oil, rivers
Union A group of workers joined together to fight for better wages & working conditions
Laissez Faire Idea that the government should not interfere with the economy (hands off)
Economy Money system
Free Market Economy/CapitalismAn economic system based on supply and demand
Socialism/Mixed EconomyEconomic system with both private and government run businesses
Command Economy/CommunismEconomy where all economic decisions are made by the government
Essential Question: What was the impact of the Industrial Revolution?
Industrial Revolution Test
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