industrialization spreads worksheet
strike
a refusal to work by employees
socialism
an economic system in which the factors of production are owned by the public
communism
form of complete socialism in which the means of production would be owned by the people and private property would cease to exist
Wilberforce
led the fight for abolition to British parliament
industrialization in the United States
1. began in the textile industry -Samuel Slater -Francis Lowell 2. shoe making mechanized too
the rise of corporations
3. entrepreneurs began to sell stocks to raise money for large business -stockholders shared profits but not debts 4. giant corporations made big profits by the cost of producing goods a. john rockefeller b. andrew Carnegie
Karl Marx
German novelist who wrote the Communist Manifesto with Engels
transformation of society
11. industrialization affected every aspect of society. the workers suffered hardships but in the long term most people's lives improved. 12. the rise of prosperous middle class led to better education and greater democratic participation
industrialization in Belgium
5. Belgium led Europe in adopting Britain's new technology 6. Belgium had abundant natural resources as well as good waterways for transportation
industrialization in Germany
7. pockets of industrialization appeared in the early 1800s Germany began to copy the British model of industrialization 8. railroads were built and by the 19th century they were an industrial and military giant
growing global economy
9. The gap between industrialized countries widened due to the industrialized countries exploiting poor countries 10. Britain was the first to exploit oversea colonies for their resources and markets
capitalism
an economic system in with the factors of production are owned privately
laissez faire
economic policy of letting owners of industry and business set working conditions without interference
Jane Adams
established a settlement house in Chicago for the aid of women and children.
industrialization
process of developing machine production of goods
collective bargaining
the process of negotiation between workers and their employers
unions
voluntary assosciations of workers who pressed for reforms
Adam Smith
wrote the wealth of nations and defended free markets
