Assembly Line
an arrangement of machines, tools, and workers in which a product is assembled by having each perform a specific, successive operation on an incomplete unit as it passes by in a series of stages organized in a direct line.
Capitalism
An economic system characterized by private or corporate ownership by investments that are determined by private decision, and by prices, production, and the distribution of goods.
Combination Acts
British acts of 1799 and 1822 that made trade unionism illegal.
Command Economy
An economic system in which activity is controlled by a central authority and the means of production are publicly owned.
Corporations
An association of employers and employees in a basic industry.
Emigration
Departure from a place of abode, natural home, or your country for life or residence elsewhere.
Entrepreneur
One who organizes, manages, and assumes the risks of a business or enterprise.
Globalization
The development of an increasingly integrate global economy mark especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets.
Immigration
Travel into a country for the purpose of permanent residence there.
Industrialization
The widespread development of industries in a region, country, culture, etc.
Labor
Human activity that provides the goods or services in an economy.
Middle Class
A class occupying a position between the upper class and the lower class.
Pull Factor
Factors which attract people to move to a certain area.
Push Factor
Conditions that force people to leave their home.
Reform
To put or change into an improved form or condition.
Spinning Jenny
An early multiple-spindle machine for spinning wool or cotton.
Spinning Mule
Multiple-spindle spinning machine invented by Samuel Crompton which permitted large manufacture of high-quality thread for the textile industry.
Standard Of Living
A minimum of necessities, comforts, or luxuries essential to maintaining a person or group in customary or proper status or circumstances.
Steam Engine
An engine driven or worked by steam.
Stocks
Money or capital invested or available for investment or trading.
Strike
A work stoppage by a body of workers to enforce compliance with demands made on an employer.
Tenement
A house used a dwelling.
Textile
Fiber, filament, or yarn used in making cloth
Union
A confederation of independent individuals for some common purpose.
Urbanization
An increase in population in cities and towns versus rural areas
Working Class
Of relating to, deriving from, or suitable to the class of wage earners,