INDUSTRIAL REVOLUTION

VOCABULARY

• Industrial Revolution: beginning in the late 1700s, a period in which mechanical power replaced muscle power for the production of goods•Labor: The people who do the work•Raw Materials: A material or substance used in the production or manufacturing of a good.

VOCABULARY

• Productivity: the amount of goods or services that result for each unit of required resources used (output per unit of input• Bessemer process: an inexpensive method for

converting iron to steel by using a blast of air to remove carbon from molten iron• Domestic system: a pre-industrial system of

manufacturing in which workers crafted products in their homes • Factory system: an industrial system of

manufacturing in which workers, raw materials, and machinery are gathered under the same roof

VOCABULARY

• Capitalism: an economic system, based on the premise of self-interest, in which all resources are privately owned •Mass Production - the manufacture of identical items through the use of specialization and interchangeable parts•Monopoly: complete control by one firm of the production and/or the supply of a good• Urbanization: the process of turning a rural area or village into a town or city