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Improved the steam engine to make it more useful for the industrial revolution
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Money to invest in labor, materials, and machines
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Occupations of most rural villagers in pre-industrial Times
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Economy where individuals and private firms, not the government own the production of it
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Industrial Revolution
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Process in which major technological advances were made from about 1750 to the 1900's
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Industry that spurred the introduction of the factory system
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The workshop of the world
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Powerhouse of the industrial revolution
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English man who spread textile industry to the U.S.
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He wrote The Wealth of Nations, promoting laissez-faire
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Helped British farmers increase food production in the 1700's by planting different crops yearly
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One of the two authors of The Communist Manifesto
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Alexander Grahambell
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Inventor of the telephone
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Stresses business should operate without government interference
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The working class as termed by Karl Marx
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He built homes for workers, opened a school for children, and treated employees well
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John Stuart Mill
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He believed government should work to improve the working class' lives and equal distribution of wealth
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Assembly line innovator
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Socialism according to Marx, where capitalism would fail and would lead to the creation of a classless society with no private property
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Overcrowded apartments that housed several families of immigrants or poor laborers
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Organization of workers formed to pressure business openers to improve wages and working conditions
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Factory owner lists of workers who were organizing unions
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Person who undertakes risks to establish a business
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Economy where production of goods owned and controlled by society/government
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Durning the 1700's, the percentage of Europeans living in town or cities