Industrial Revolution

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What was the Industrial Revolution?

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A period of major industrialization and innovation during the late 18th and early 19th centuries that transformed largely agrarian, manual labor-based economies into industrial and machine-driven ones.

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What are stockholders or shares?

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Stockholders are individuals or entities that own shares in a corporation, representing partial ownership of the company.

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What is a corporation?

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A corporation is a legal entity that is separate and distinct from its owners, offering limited liability to its shareholders and the ability to raise capital through the sale of shares.

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What does stock buying involve?

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Stock buying involves purchasing shares of a company in the stock market, making the buyer a part-owner of the company.

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What is a monopoly?

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A monopoly is a market structure where a single company or group owns all or nearly all of the market for a given type of product or service.

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What are labor unions?

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Labor unions are organizations formed by workers to protect their rights and interests, often through collective bargaining with employers.

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What is collective bargaining?

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Collective bargaining is the process of negotiation between employers and a group of employees aimed at reaching agreements to regulate working conditions.

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What hardships did workers and child laborers face during the Industrial Revolution?

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Workers and child laborers faced long hours, low wages, unsafe working conditions, and lack of rights or protections.

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What is laissez-faire?

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Laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention.

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What is capitalism?

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Capitalism is an economic system where private individuals own and control property and businesses, and the production of goods and services is based on supply and demand.