NOTES: Industrial Revolution

James Watt – Created with creating the modern steam engine.

Imperialism – The policy of expanding national territory through colonization and conquest.

Factory System – Production of goods in a factory through the use of machines and a large number of workers.

Industrial Revolution – Period when machines replaced hand tools, and steam and electricity replaced human and animal power.

Samuel Morse – Inventor of the telegraph and Morse Code, which revolutionized communication, helping to usher in the modern age.

Capitalism – Economic system in which individuals, rather than governments, control the factors of production.

Adam Smith – Economist who wrote The Wealth of Nations, he is considered the father of classical economics.

Labor Unions – Association of workers that combine forces and demands of different workers, and bargain for their demands.

Feminist Movement – Sought legal and economic gains for women, including higher education and women’s suffrage.

Socialism – Political and economic system in which the government owns the means of production.

Karl Marx – Along with Friedrich Engels authored theCommunist Manifesto, which called for the common worker (proletariat) to rise up and take control of the means of production, through force, from the upper class (bourgeoisie), the work helped create modern communism.

Communism – Authoritariansocialism, not only does the government control the means of production, but they control the economic planning as well.


Check Also

Chapter 27 Worksheet

The _________________________ reforms in the Ottoman Empire, between 1839 and 1876 reorganized education, established railways …

Translate »