The 1 st Industrial Revolution Mr. Bailey FHS 2013
Vocab. Terms (Section I) Enclosure Movement: The fencing of large fields in Britain for farmers to use. Factors of Production: Land, Labor and Capital. The three things you need in order to make products. Cottage Industry: An occupation that is done at home, such as making clothing.
Important People (Section I) Jethro Tull: Invented the Seed Drill. Eli Whitney: Invented the Cotton Gin and Interchangeable Parts. James Watt: Improved the Steam Engine. Robert Fulton: Built a Steamship called the Clermont and operated it on the Hudson River.
Vocab Terms (Section II) Labor Union: Workers joined together in order to bargain for rights. Strike: An organized end to production typically by a labor union. Mass Production: The new means of production in which identical goods are made in factories. Assembly Line: Invented by Henry Ford; a line of workers each contribute to an item in order to produce it faster.
Vocab Terms (Section III) Laissez-Faire: French for “leave alone”; the economic idea that if the market is not interfered with by the govt. it will fix itself. Entrepreneur: Someone who starts a new business in order to get a profit return. Socialism: Robert Owen proposed this theory which states that the govt. should own all property and control industry. Communism: Proposed by Karl Marx, the people must overthrow the govt. in order to begin the transition to socialism.
Important People (Section III) Adam Smith: wrote The Wealth of Nations which is the foundation for free market economics. Thomas Malthus: Wrote that population growth would always exceed food production. Andrew Carnegie: The “Rags to Riches” success in America. He made his money in steel. Karl Marx: The founder of Communism.
Your Task Answer Questions 09,10 and 11 on page 257. Make sure to answer all three parts of each question in complete sentences. Your answers should be on your own paper and turned in by the end of class. This is NOT partner work and should be completed on your own in silence.