| A | B |
|---|
| This was the first area/industry to undergo major industrialization | textile production |
| An entrepreneur is a type of | business person |
| He defended the free-market system of capitalism and wrote the book The Wealth of Nations | Adam Smith |
| Utilitarianism held that government policies should promote | greatest good for the greatest number of people |
| Collective Bargaining | employers and employees meet |
| When the trade union movement began in Britain, the strike was an illegal action taken against | factory owners by union workers |
| Industrial Revolution | an increase in machine-made goods beginning in England during the 1700's |
| Agricultural revolution | Many small farmers became tenant farmers of moved to the cities, Enclosures are put up to close off land, new agricultural methods are used and developed |
| The three factors of production required for industrialization | land, labor, capital |
| The main cause of the process of urbanization that occurred in 19th-century Britain and elsewhere in Western Europe | industrialization |
| Attempts by Britain to keep industrial secrets from the Unites States | forbade engineer, mechanics, and toolmakers from leaving the country |
| A benefit of being a stockholder in a corporation | not personally responsible for its debts |
| Laissez-faire | a policy that let owners of industry set working conditions without government interference |
| The 3 main focuses of the reform movement | abolition of slavery, promote women's rights, public education |
| The Benefits of the Railroad to Britain | cheap transportation of goods, new jobs, people could get away for vacations |
| The importance of the War of 1812 and Industrialization | It forced the US to use it's own resources to develop it's own industries |
| This group was made up of skilled workers, professionals, businesspeople, and wealthy farmers | Middle Class |
| A system of growing a different crop in a field each year to preserve fertility of the land | Crop rotation |
| A deadly disease caused by bacteria that usually occur in contaminated drinking water | Cholera |
| Roads built by Companies and funds them collected by this kept the roads open and kept up | Turnpikes |
| Name of the economic system which money is invested in business ventures with the goal of making a profit | Capitalism |
| A policy of extending one country's rule over many other lands | Imperialism |
| A type of government where the factors of production are owned by public and operate for the welfare of all | Socialism |
| An economic term that describes the flow of commerce in the world market without government regulation | Free trade |
| Marx's name for the working class | Proletariat |
| Helped contribute to Communist manifesto | Karl Marx |
| Believed in a Utopian society and provided free education to children | Robert Owen |
| Term refers to the type of government in which the people would own the means of production. | Communism |
