History and Economics Flashcard

Front

What is a tenement?

Back

A type of housing for immigrants that was crowded and unsanitary

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What does urbanization refer to?

Back

The growth of cities due to more people living there

Front

What is industrialization?

Back

The process of transforming the economy from agriculture to manufacturing

Front

What does the term textile refer to?

Back

The production of fabrics, clothing, and other textile products

Front

What is the focus of agricultural activities?

Back

Cultivating the soil, producing crops, and raising livestock

Front

What is capitalism?

Back

An economic system where private individuals and businesses own the means of production.

Front

an economic system in which a country’s industry and trade are controlled by private owners, not the government

Back

capitalism

Front

Capitalism is BEST defined as...

Back

All private ownership of property and business, being more economically free