Industrial Revolution Global History

economic system in which the means of production are privately owned and operated for profit

• economism

• capitalism

• revolution

• agarian

change in farming methods in the 1600's that improved the quality and quantity of farm products

• industrial revolution

• urbanization

• agarian revolutiom

• socailism

process of taking over and fencing off land once shared by peasant farmers

• seed drill

• population

• enclosure

• economic

place in which workers and machines are brought together to produce large quantities of goods

• warehouse

• urban

• transportation

• factory

movement of people to cities

• urbanization

• socialism

• darwinism

• revolution

system in which the people as a whole rather then private individuals own all property and operate all businesses

• darwinism

• nationalism

• urbanization

• socialism

period in which production of goods shifted from using hand tools to using power driven and from human and animal power to steam power

• urbanization

• industrial revolution

• agarian revolution

• socialism

policy allowing business to operate with little or no government interference

• faire laissez

• nationalism

• laissez faire

• manoralism

Prices should be set by individuals (NOT the government) based on supply and demand.

• true

• false

Business decisions should be made by Individuals (the government should NOT interfere).

• false

• true