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Industrial Revolution

AB
Edward JennerVaccination for smallpox
Eli WhitneyInvented cotton gin
Cotton GinIncreased demand for slavery
Henry BessemerProcess for making steel
Louis PasteurDiscovered bacteria
James WattPerfected steam engine
UrbanizationMovement of people from rural ro urban areas
Adam SmthAuthor of the Wealth of Nations
Karl MarxAuthor of Das Kapital and Communist Manifesto
standard of livingHow well, or comfortably, you live
middle classGroup of people who experienced the greatest growth as an effect of the Industrial Revolution
laissez-fairethe government is "hands-off" the economy
capitalismthe economic system in which all or most of the means of production and distribution are owned by people, not the government, and are operated for profit
socialismthe economic system in which all or most of the means of production and distribution are owned by everyone, and no one is out to make a profit
communismthe economic system in which all or most of the means of production and distribution are owned by the government
cottage systemproduction or manufacturing of goods by hand at home
entreprenurialwhen people start and run a business – they assume the risk in order to make a profit
unequal distribution of wealthcondition in which money is not shared equally by all people
EnglandIndustrial Revolution's place of origin
Coal and IronNatural resources found in England which made the Industrial Revolution possible
Enclosure MovementThe fencing in of common land by nobles. This forced peasant farmers to move to cities to find work in factories.
Industrial RevolutionA time in history when production moved from the cottage system to the factory system
Increased educationAn important effect of the Industrial Revolution



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