1. Industrial Revolution Vocabulary

2. Agrarian/Agricultural Revolution
A period in the early 1700’s when there was an increase in the effectiveness of farming

3. Rural
Country

4. Enclosure
The purchasing and combination of many small farms buy a single owner
Forces many to move to the cities
Allows for experimentation in farming

5. Urban
city

6. Urbanization
The growth of cities as well as people moving to the cities

7. Industrialization
The growth of factories

8. Industrial Revolution
A period beginning in the mid 1700’s when the production of goods shifted from hand made to machine made

9. Factors of Production Things needed for successful industrialization
Land, Labor, and Capital!

10. Natural Resources
Materials in the environment which can be used for production; wood, gas, oil, rivers

11. Union
A group of workers joined together to fight for better wages & working conditions

12. Laissez Faire
Idea that the government should not interfere with the economy (hands off)

13. Economy
Money system

14. Free Market Economy/Capitalism
An economic system based on supply and demand

15. Socialism/Mixed Economy
Economic system with both private and government run businesses

16. Command Economy/Communism
Economy where all economic decisions are made by the government