Industrialization DA Review

Free Enterprise

• economic system in which consumers and producers are free to make economic decisions and choices

• economic system where the government controls what the consumers buy and the producers produce

• political system where a monarch is in charge

• political system where the people have the power

Innovation

• stealing ideas from other inventors

• patenting your creations

• creating new ideas, products, or methods

• recreating old ideas,, products, or methods

Industrialization

• growth of factories

• growth of cities

• growth of population

• growth of plants

Urbanization

• growth of factories

• growth of cities

• growth of population

• growth of plants

Mechanization

• growth of factories

• growth of cities

• using machines in the production process

• growth of plants

Mechanization

• using machines in the production process

• growth of cities

• exchanging of information

• physical, or financial, resources used to produce value in an economy

capital

• using machines in the production process

• growth of cities

• exchanging of information

• physical, or financial, resources used to produce value in an economy

communication

• using machines in the production process

• growth of cities

• The imparting or exchanging of information or news

• physical, or financial, resources used to produce value in an economy

transcontinental

• using machines in the production process

• (especially of a railroad line) crossing a continent

• The imparting or exchanging of information or news

• physical, or financial, resources used to produce value in an economy

Interchangeable Parts

• parts that are, for practical purposes, identical

• an artificial waterway constructed to allow the passage of boats or ships inland or to convey water for irrigation.

• a person or organization that puts money into financial schemes, property, etc. with the expectation of achieving a profit.

• an estate on which crops such as coffee, cotton, sugar, and tobacco are cultivated by resident labor.