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


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