CS 8 Industrial Revolution Vocabulary

What is the Industrial Revolution?

• A change of a nation's economy where products are made in factories with machines instead of by hand at home

• The invention of the steam engine in the early 1800s in Great Britain.

• The rise of the internet which allows for increased communication around the world

• The discovery of electricity that occured in the late 1800s.

What does the term "Agarian" refer to?

• Urban cities

• Farm or rural villages

• Industrial factories

• Coastal towns

What is Urbanization?

• The development of rural areas

• The growth of cities

• The decline of city populations

• The increase in agricultural jobs

What is the capitalism or free enterprise system?

• an economic system in which industries are owned by workers rather than by private businesses or individuals

• an economic system where private individuals or businesses own the means of production

• an economic system in which basic goods, services, and work are caried out based on cultural traditions and beliefs

• an economic system that is planned and carried out by government officials

What are profits?

• Money a business makes after all costs are paid

• The initial investment in a business

• The total revenue of a business

• The taxes paid by a business

What are corporations?

• Small family-owned businesses

• Companies chartered by a state and recognized in law as a "separate person"

• Informal business partnerships

• Sole proprietorships

What are dividends?

• The initial investment in a company

• A payment made by a company to its shareholders

• The total revenue of a company

• The taxes paid by a company

What are heavy industries?

• Textile and clothing

• Coal, steel, railroads

• Food and beverages

• Electronics and software

What is the Transcontinental Railroad?

• A local commuter train

• A railroad that connects the east and west coasts

• A subway system

• A high-speed rail in Europe

What is the Bessemer Process?

• A method for producing textiles

• A process for cheap and fast production of steel

• A technique for growing crops

• A system for generating electricity