Industrialism/ Imperialism

The period of time that is marked by the greatly increased output of machine made goods that began in England in the middle 1700s.

• INDUSTRIAL REVOLUTION

• INDUSTRIALIZATION

• FACTORY

• URBANIZATION

After buying up the land of village farmers, wealthy landowners enclosed their land with fences and hedges.

• INDUSTRIAL REVOLUTION

• INDUSTRIALIZATION

• ENCLOSURES

• FACTORS OF PRODUCTION

The process of changing the types of food grown on a field each year.

• ENCLOSURES

• CROP ROTATION

• FACTORS OF PRODUCTION

• FACTORY

The process of developing machine production of goods.

• INDUSTRIAL REVOLUTION

• INDUSTRIALIZATION

• FACTORS OF PRODUCTION

• STOCK

All three of these are required in combination at a time to produce a commodity

• INDUSTRIAL REVOLUTION

• INDUSTRIALIZATION

• FACTORS OF PRODUCTION

• ENTREPRENEUR

an industrial site, usually consisting of buildings and machinery, or more commonly a complex having several buildings, where workers manufacture goods or operate machines processing one product into another. All aspects of the production process are housed at one site.

• ENCLOSURES

• FACTORY

• FACTORS OF PRODUCTION

• URBANIZATION

a class of people in the middle of a societal hierarchy. In socio-economic terms, the middle class is the broad group of people who fall socio-economically between the working class and upper class. The common measures of what constitutes middle class vary significantly among cultures.

• FACTORS OF PRODUCTION

• ENTREPRENEUR

• MIDDLE CLASS

• STOCK

is used to represent the equity of the corporation. Shares represent a fraction of ownership in a business.

• CORPORATION

• STOCK

• FACTORY

• ENTREPRENEUR

the person who identifies and starts a new business venture, sourcing and organizing the required resources, while taking both the risks and rewards associated with the venture.

• ENTREPRENEUR

• ENCLOSURES

• ADAM SMITH

• UNION

the increasing number of people that live in urban areas.

• URBANIZATION

• ENCLOSURES

• INDUSTRIALIZATION

• FACTORS OF PRODUCTION