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The industrial Revolution

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    The industrial Revolution
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  • great increase in machine production that began in England in the 18th century
    Industrial Revolution
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  • large closed-in field for farming
    enclosure
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  • crop rotation
    planting a different crop in the same field each year to allow the soil to regenerate
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  • conditions needed to produce goods and services
    factors of production
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  • building where goods are made
    factory
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  • entrepreneur
    person who organizes, manages, and takes on the financial risk of a business enterprise
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  • city building and the movement of people to cities
    urbanization
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  • social class of skilled workers, professionals, business people, and wealthy farmers
    middle class
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  • Was Britain the first country to industrialize?
    true
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  • Which nation industrialized first?
    Belgium
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  • Which nation industrialized first?
    Belgium
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  • Which nation industrialized first?
    Belgium
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  • corporation
    business owned by stockholders who share in its profits but are not responsible for its debts
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  • right of ownership in a company called a corporation
    stock
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  • people in a society relying on other people
    economic interdependence
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  • separation of tasks
    specialization
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