England: Fires of Continuation

Capitalist

A person who has capital invested in business, and one who engages in free enterprise.

Steam engine

Able to power the machines; more versatile use of power.

Stockholders in large businesses:

Became part owners, received a share of the profits, lost when the company lost.

Fulton and Stephenson developed steam locomotives.

False

The following groups of people became factory workers:

Farmers, women and children, skilled artisans.

Steam locomotive

Faster and safer that road travel; could carry freight overland.

Improved road building

Made road travel safer, more enjoyable, with fewer delays.

Steam ship

Not having to rely on wind power provided quicker distribution of goods.

The factory worker bore the brunt of the factory system through the stifling of his:

Self-worth, creativity, dignity.

Before the industrial Revolution, craftsmen:

Set their own hours, usually ran their business at home.

Stockholder

Someone who has purchased stock, also known as a shareholder.

Positive advantages of the machine age were:

Supplied jobs, improved economy, increased productivity.

Capital

The amount of property or money available for use in business.

Aristocracy

The small privileged class of nobility or the very wealthy.

Early factories were located by rivers so they could operate by water power.

True

Newcomen and Watt made improvements in the steam engine.

True