1. Industrial Revolution- It was the fundamental change in the way goods were produced through the use of machines, capital, and the centralization of work forces
2. Agriculture Revolution- The transformation of faming that resulted in the 18th century form the spread of new crops, improvements in cultivation techniques and livestock breeding, and he consolidation of small holdings into large farms from which tenants and sharecroppers were forcibly expelled
3. Mass Production- the manufacturing of products on a large scale, usually through the use of machines
4. Josiah Wedgewood- (1730) English industrialist whose pottery works who were the first to produce fine-quality potter by industrial methods
5. Division of labor- A manufacturing technique that breaks down a craft into many simple and repetitive tasks that can be performed by unskilled workers
6. Mechanization- The application of machinery to manufacturing other activities
7. Richard Arkwright-(1732-1792) English inventor and entrepreneur who became the wealthiest and most successful textile manufacturer of the early Industrial Revolution
8. Crystal Palace- Building erected in Hyde Park, London, for the Great Exhibition of 1851.
9. Steam Engine- A machine that turns energy released b burning fuel into motion.
10. James Watt- (1730-1795) Scot who invented he condenser and other improvements that made the steam engine a practical source of power for industry and transportation.
11. Electric telegraph- A device for rapid, long-distance transmission of information over an electric wire.
12. Business cycle- Recurrent swings from economic hard times to recovery and growth, then back to hard times and a repetition of the sequence
13. Laissez faine- stated that business and the economy would run best with no interference from the government
14. Positivism- A philosophy developed by the French count of Saint-Simon
15. Utopian socialism- A philosophy introduced...