| A | B |
|---|
| labor union (trade unions) | organization where workers unite to improve wages & working conditions |
| socialism | economic system where the gov't owns the means of production |
| capitalism | economic system where individuals own the means of productio |
| bourgeoisie | middle class (factory owners) |
| proletariat | working class |
| domestic system (cottage industry) | where workers made textiles in their homes |
| mass production | manufacture of large amounts of goods at cheap prices |
| urbanization | movement of people from rural areas to cities |
| factory system | method of production that brought machines & workers together |
| laissez faire | the idea that gov't should keep its hands out of business |
| industrialism | economic system based on machines instead of human or animal power |
| textiles | woven cloth |
| liberalism | belief that all people have basic rights & freedomss |
| enclosure movement | when Parliament allowed large landowners to fence off common lands; planted large areas w/a single crop $$ |
| industrial capitalism | also known as industrialism; the capital (money) earned caused a new middle class |
| zaibatsu | Japanese slogan which meant "rich country, strong army" |
| means of production | factories, land, capital and raw material used to produce goods |
| interchangeable parts | use of machine-made parts that are exactly alike |
| assembly line | when a product moves along a conveyor belt from worker to worker |
| division of labor | when workers were assigned specialized tasks to create part of a product |
