Industrial Revolution (1)

advocated by Karl Marx stating class struggle is inevitable and would lead to the creation of a classless society

• socialism

• communism

• capitalism

measures the quality and availability of necessities and comforts in a society

• standard of living

• social democracy

• utilitarianism

the process of taking over and consolidating land formerly shared by peasant farmers

• enterprise

• means of production

• enclosure

political ideology in which there is a gradual transition from capitalism to socialism instead of a sudden violent overthrow of the system

• social democracy

• utilitarianism

• social gospel

system in which tasks were distributed to individuals who completed the work in their own homes; also known as cottage industry

• free enterprise system

• free market system

• putting-out system

working class

• proletariat

• entrepreneur

• labor union

melting ore in order to get the pure metal away from its waste matter

• gleaning

• smelting

• purification

farms, factories, railways, and other large businesses that produce and distribute goods

• means of production

• putting-out system

• factors of production

money or wealth used to invest in business or enterprise

• investment

• stocks

• capital

system in which the people as a whole rather than private individuals own all property and operate all businesses

• communism

• socialism

• utilitarianism