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Overview of Industrialization Flashcards

Overview of Industrialization Flashcards
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Adam Smith
In addition to Thomas Malthus and David Ricardo, Smith was part of the trio of thinkers in the 18th century who are known as classical economists.
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Laissez-faire economic policy
An economic policy in which individual choice reigns supreme, and the government more or less stays out of the economy.
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Timeframe when Britain developed economically through the availability of raw materials, markets around the world, and investments.
18th century/1700s.
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The four main areas of reform sought by the British Reform movement.
Urban areas, child labor, Parliament, and voting rights.
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Urbanization
Mass movement of individuals toward cities, leading to poor living conditions and safety issues. This was a key lasting effect of the first Industrial Revolution.
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Wage-based economy
Type of economy that emerged after the first Industrial Revolution characterized by individuals offering labor in exchange for wages.
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Fundamental reason for the first Industrial Revolution.
Substantial available quantities of natural resources, like minerals.
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Improvements and advancements in these two areas led to the first Industrial Revolution.
Transportation and technology
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First Industrial Revolution
European time period which was caused by population shifts to cities as a result of the Agricultural Revolution.
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Geo-spatial cause of the Agricultural Revolution.
Rising quantity of available farmland.
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Environmental cause of the Agricultural Revolution
Good climate conditions
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22 cards in set

Flashcard Content Overview

Many of the products or items you own are likely very important to you. Did you ever think about where they came from, or how they were produced? Most of our possessions were created in a factory setting that we take for granted. The use of factories, skilled workers, and high output are all important legacies we inherited from the Industrial Revolution, which took place more than a century ago. The fruits of countless workers produced a new style of city that still thrives today in large places. New economic thought was profound and ground-breaking from this period onward as well.

This card set will help you review key causes, new technologies, and long-term implications of the Industrial Era. You will also get to see the shifts in population, growth of cities, and reform efforts for workers during this important historical time period.

Front
Back
Environmental cause of the Agricultural Revolution
Good climate conditions
Geo-spatial cause of the Agricultural Revolution.
Rising quantity of available farmland.
First Industrial Revolution
European time period which was caused by population shifts to cities as a result of the Agricultural Revolution.
Improvements and advancements in these two areas led to the first Industrial Revolution.
Transportation and technology
Fundamental reason for the first Industrial Revolution.
Substantial available quantities of natural resources, like minerals.
Wage-based economy
Type of economy that emerged after the first Industrial Revolution characterized by individuals offering labor in exchange for wages.
Urbanization
Mass movement of individuals toward cities, leading to poor living conditions and safety issues. This was a key lasting effect of the first Industrial Revolution.
The four main areas of reform sought by the British Reform movement.
Urban areas, child labor, Parliament, and voting rights.
Timeframe when Britain developed economically through the availability of raw materials, markets around the world, and investments.
18th century/1700s.
Laissez-faire economic policy
An economic policy in which individual choice reigns supreme, and the government more or less stays out of the economy.
Adam Smith
In addition to Thomas Malthus and David Ricardo, Smith was part of the trio of thinkers in the 18th century who are known as classical economists.
Reason why workers moved from place to place during the Urbanization period after the Agricultural Revolution.
Availability of jobs
Role of financial institutions in First Industrial Revolution
A strong system of finances was a primary reason for the commencement of this era in Britain, making it the first area where the First Industrial Revolution began.
Class which increased substantially following the first Industrial Revolution.
Middle class
Type of work which had the largest quantity of employees during the Industrial Revolution.
Factory, or industrial, labor
Shift in type of production during the first Industrial Revolution.
From hand labor to the use of machines.
Child Labor Laws
A result of the Industrial Revolution, such rules dealt with protecting young workers from harm and abuse.
Type of transportation which was not only a direct result of the Industrial Revolution, but led to the substantial urbanization of cities.
Railroads
Milled metal product whose creation permitted the development and use of machines that in turn improved product output and thus fed growth in industry.
Iron
Thomas Malthus
Economist who spent a great deal of time and energy devoted to the issue of out-of-hand population increases.
The clothes you wear are essentially this milled product classification, which also was a major sector contributing to the first Industrial Revolution.
Textiles
Reasons for formation of trade unions
Poor working conditions, the replacement of manual labor by machines, and a decrease in wages. These are the predecessors to today's labor unions.

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