Flashcards in Ch. 4.1 The Industrial Revolution Deck (11)
Parliament passed laws in 1700s to allow landowners to fence off common lands. many peasants forced to move to towns to find works labor supply
ready supply of money. used to invest in industrial machines and factories.
wealthy people who sought business opportunities and ways to make profit
production method in rural cottages to make cotton goods.
process in which coke (coal derivative) is used to purify crude iron and make higher quality iron. developed by Henry Cort
economic system based on manufacturing (and investing in it)
economic system in which society/gov't owns and controls important parts of economy (ex. factories, utilities) public ownership=more equally distributed wealth
"A number of factors are necessary in order for this DYNAMIC process of industrialization to occur."
"Early factory workers MIGRATED from rural areas."
(p) James Watt
Scottish engineer. improved steam engine in 1760s. 1782: allowed steam engine to drive machinery