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Modern World History

World History from 1780-2003

AB
Enclosurethe purchase of common land
crop rotationan improved 3 Field system
Industrial Revolutionproduction by machine power
Factors of productionresources, labor, capital
Factory systemconcentrated production in one place
Entrepreneurperson who takes on the risks of starting a business
urbanizationthe movement to the cities
Bourgeoisiethe owners
Proletaraitthe industrial workers
Factory Act of 1819law restricting age and working hours
Capitalismeconiomic system for personal profit
laissez faireno govenment interference in the economy
UtilitarianismWhat is the most useful is the most good
Socialismeconomic system where the state owns the means of production
CommunismMarxist goal of no government
Jethro Tullseed drill
James Hargreavesspinning jenny
Edmund Cartwrightpower loom
Eli Whitneyinterchangable parts
James Wattimproved Steam Engine
George Stevensonsteam powered railroad
John McAdammacadam road
Ludditesindustrial reactionaries
William Cockerillsnuck idustrial inventions to the continent
Adam SmithThe Wealth of Nations
Thomas MalthusEsay on the Principle of Population
David RecardoSurplus labor
Class Struggleconfict between the haves and the have nots
George Frederick Hegeldialectic
Historical MaterialismMarx's history of class struggle

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