Flashcards - Understanding Industrialization

Flashcards - Understanding Industrialization
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private property
Private property is a legal designation for the ownership of property by non-governmental legal entities
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Whigs
The Whig Party was a political party active in the middle of the 19th century in the United States
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cotton gin
A cotton gin is a machine that quickly and easily separates cotton fibers from their seeds, allowing for much greater productivity than manual cotton separation
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export
The term export means shipping in the goods and services out of the jurisdiction of a country
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inflation
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time
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Industrial Revolution
The Industrial Revolution was the transition to new manufacturing processes in the period from about 1760 to sometime between 1820 and 1840
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Industrial Revolution
The Industrial Revolution was the transition to new manufacturing processes in the period from about 1760 to sometime between 1820 and 1840
inflation
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time
export
The term export means shipping in the goods and services out of the jurisdiction of a country
cotton gin
A cotton gin is a machine that quickly and easily separates cotton fibers from their seeds, allowing for much greater productivity than manual cotton separation
Whigs
The Whig Party was a political party active in the middle of the 19th century in the United States
private property
Private property is a legal designation for the ownership of property by non-governmental legal entities
factory system
The factory system is a method of manufacturing using machinery and division of labour
reform movement
A reform movement is the kind of social movement that aims to make gradual change, or change in certain aspects of society, rather than rapid or fundamental changes
Second Industrial Revolution
The Second Industrial Revolution, also known as the Technological Revolution, was a phase of rapid industrialization in the finalthird of the 19th century and the beginning of the 20th
cholera
Cholera is an infection of the small intestine by some strains of the bacterium Vibrio cholerae
colonization
Colonization is an ongoing process by which a central system of power dominates the surrounding land and its components
world economy
The world economy or global economy is the economy of the world, considered as the international exchange of goods and services that is expressed in monetary units of account

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