The Industrial Revolution Vocab Quiz

Adam Smith’s argued that to increase the wealth of a nation because it provides more. A pact between two or more nations to reduce barriers to imports and exports among them. Under a free trade agreement/policy goods, and services can be exchanged (bought and sold) across international borders with little or no government tariffs quotas, subsides or prohibitions to inhibit their exchange.

• Self Intrest

• Free Trade

• limited government intervention

• Parsimony

Philosopher, social scientist, historian and revolutionary, He is regarded by many as the most influential economic and social thinker of the 19th century. Theorized that the struggle between social classes was fundamental to society. He believed that society faced a constant struggle between the rich and the working classes, and that this class division could be blamed in large part on private ownership of the means of production (e.g., corporations, factories). In order for class conflict to be resolved, He believed that the major means of production had to be publicly owned.

• Luddites

• Karl Marx

• Adam Smith

• Labor Unions

Period beginning in the 1700s in which production shifted from simple hand tools to complex machinery and sources of energy shifted from human or animal power to steam and electricity.

• Industrial Revolution

• Triangular Trade

• Middle Passage

• Cultural Diffusion

A machine to create cotton thread first used in 1768. It was able to spin 128 threads at a time, making it an easier and faster method than ever before. It was developed by Richard Arkwright, who patented the technology in 1767. The design was partly based on a spinning machine built for Thomas Highs by clockmaker John Kay, who was hired by Arkwright.

• Steam Engine

• Spinning Jenny

• Cotton Gin

• Water Frame

Any crop that is considered easily marketable, such as wheat or cotton, a crop for direct sale in a market, as distinguished from a crop for use as livestock feed or for other purposes

• Textiles

• Mass Production

• Child Labor

• Cash Crops

Adam Smith’s idea in which a person is invested to do something, such as a specific field, and that boosts economic activity. One’s personal interest or advantage, especially when pursued without regard for others.

• Self Intrest

• Free Trade

• limited government intervention

• Parsimony

extreme or excessive economy or frugality; stinginess; niggardliness. extreme unwillingness to spend money.

• Self Intrest

• Free Trade

• limited government intervention

• Parsimony

An economic system based on private ownership of capital. The economic system that is based on investing money for profit.

• Capitalism

• Communism

• Mercantilism

• Socialism

A large building in which machinery is used to manufacture goods. A method of manufacturing using machinery and division of labor, first adopted in Britain at the beginning of the Industrial Revolution in the late 18th century and later spread around the world.

• Cottage Industry

• Factory/Factory System

• Tenement

• Bessemer Process

A machine used to spin cotton and other fibers in the British mills, used extensively from the late 18th to the early 20th century. It was invented between 1775 and 1779 by Samuel Crompton.

• Spinning Mule

• Spinning Jenny

• Cotton Gin

• Water Frame