entrepreneur
person who assumes all financial risk in starting a business (business man)
labor union
An organization of workers that tries to improve working conditions, wages, and benefits for its members
urbanization
movement of people from rural areas (country) to the cities
enterprise
business organization in a specific area, such as shipping, mining, railroads, or factories
Why the Industrial Revolution began in Britain
natural resources, coal and iron
rivers for transportation and
power
ready work force (people willing to work)
high demand
for goods
increased population
capital (money used for
investment)
stable government
James Watt
Improved the steam engine
6 effects of the Agricultural Revolution
Increased population
Increase in life expectancy
Decrease
in farming jobs available
People move to cities in search of
work
Better hygiene and sanitation
Decline in famine(hunger)
6 social impacts of the Industrial Revolution
Urbanization
Poor living conditions-tenements
Bad working
conditions
Child labor
Rise of labor unions
Growth of a
middle class
positives of factory work
-people could earn money
5 negatives of factory work
-poor working conditions
-long hours
-low
pay
-dangerous jobs
-mistreatment of children
cottage/domestic system
goods made by hand in the home
Henry Bessemer
This man revolutionized the way to manufacture steel by making the process quicker and more efficient
Eli Whitney
American inventor of the cotton gin
James Hargreaves
English inventor of the spinning jenny
Lasseiz-faire
Government does not get involved with business. Supply and demand regulates the economy
Agricultural Revolution
Improved farming methods
strike
Nonviolent refusal to continue to work until a problem is resolved.
Conditions in tenements
Overcrowding and filth in new tenements promoting the spread of deadly diseases, such as cholera, typhoid, and tuberculosis
working conditions in early factories
machine noise could be deafening, poor lighting and ventilation, frequent fires and accidents were caused by fatigue, faulty equipment, and careless trainingWhat natural resources allowed England to industrialize first? (3)1. (water power/co
textiles
cloth goods made of linen, wool or cotton (clothing)
Capitalism
An economic system in which the factors of production are privately owned and money is invested in business ventures to make a profit; these ideas also helped to bring about the Industrial Revolution