Industrial Revolution & Imperialism Vocabulary Terms

Front

The development of industries and factories in a country, state, or region, and on a wide scale of production and distribution

Back

Industrialization

Front

The process of transforming common land into privately owned, enclosed land, often through legal means, which led to changes in agricultural practices and social structures

Back

Enclosure Movement

Front

A method of manufacturing that emerged during the industrial revolution and characterized by the centralized production of goods in large buildings called factories.

Back

Factory System

Front

A market system operating free from government intervention and gives society the freedom to make decisions on what to buy, where to work, and what to make.

Back

Free Enterprise

Front

An economic system in which some industries are operated by the state to provide for the public good as opposed to making profits.

Back

Socialism

Front

A political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.

Back

Communism

Front

The policy or practice of extending a nation’s power and influence, often through direct territorial acquisition or by gaining political and economic control over other areas, frequently involving the use of power, whether military or economic.

Back

Imperialism

Front

An economic system where two forces, known as supply and demand, direct the production of goods and services with no interference from the government.

Back

Market Economy

Front

When the government makes all the Key economic decisions like what to produce, how much to produce, and what price.

Back

Command Economy

Front

Refers to the resources, both physical and financial, used to produce goods and services, like factories, machines, and money used for investment.

Back

Capital