AGRICULTURAL

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AGRICULTURAL AND INDUSTRIAL REVOLUTIONS
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A CHANGE FROM MANUAL LABOR TO MACHINES

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INDUSTRIAL REVOLUTION
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ECONOMIC EXPANISON AND DECLINE IN A
CAPITALIST ECONOMY

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BUSINESS CYCLE
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HE INVENTED THE COTTON GIN
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(No Transcript)
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FENCING IN PRIVATE AND PUBLIC LANDS
FORCING SMALL FARMERS OUT OF BUSINESS AND INTO
CITIES
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ENCLOSURE MOVEMENT
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NEGATIVE ECONOMIC GROWTH FOR TWO CONSECUTIVE
QUARTERS
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RECESSION
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INVENTED MANY FARM IMPLEMENTS
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JOHN DEERE
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INVENTED THE TELEPHONE
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(No Transcript)
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INVENTED THE LIGHT BULB
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THOMAS EDISON
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PERIODS OF PLANTING AND HARVESTING
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AGRICULTURAL CYCLE
MOO MOO
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CONTINUOUS EXPANSION OF BUSINESS ACTIVITY
INCREASED INVESTMENT SPENDING AND SAVINGS
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I N D U S T R I A L
C A P I T A L I S M
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STEAM LOCOMOTIVE AND RAIL SERVICE
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GEORGE
STEPHENSON
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RICHARD ARKWRIGHT
JAMES HARGREAVES
EDMUND CARTWRIGHT
SAMUEL CROMPTON
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TEXTILES
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PROCESS OF VULCANIZING RUBBER MAKING IT
RESISTENT TO HEAT AND COLD
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CHARLES GOODYEAR
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A PERSON WHO STARTS HIS OWN BUSINESS
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ENTREPRENEURS
ENTREPRENEURS
ENTREPRENEURS
ENTREPRENEURS
ENTREPRENEURS
ENTREPRENEURS
ENTREPRENEURS
ENTREPRENEURS
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WIRELESS TELEGRAPH
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MARCONI
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FIRST SUCCESSFUL FLIGHT INTERNAL
COMBUSTION POWERED AIRPLANE
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WILBUR
ORVILLE

WRIGHT
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SCIENCE
TECHNOLOGY
EFFICIENT MACHINERY
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AGRICULTURAL REVOLUTION
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THE MASS PRODUCTION OF GOODS IN FACT0RIES
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ECONOMIES OF SCALE
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THE REAPER
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CYRUS McCORMICK
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TWO OR MORE INDIVIDUALS COMBINE ASSETS TO
OPERATE A BUSINESS
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PARTNERSHIP
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MIDDLE CLASS
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BOURGEOISIE
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PR OWNERSHIP
PRIVATE OWNERSHIP OF PROPERTY
FREE ENTERPRISE
INDIVIDUAL PROFIT
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CAPITALIST ECONOMY
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GOVERNMENT SHOULD STAY OUT OF BUSINESS AFFAIRS
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LAISSEZ FAIRE
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PROBLEMS OF THE INDUSTRIAL REVOLUTION
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POLLUTION
CHILD LABOR
LOW WAGES
LONG HOURS
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LATE 19TH CENTURY REASON FOR LARGE NUMBERS OF
POOR PEOPLE IN THE NEW INDUSTRIAL SOCIETY
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SOCIAL DARWINISM
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HE INVENTED THE PROCESS FOR PRODUCING STEEL
MORE CHEAPLY
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HENRY BESSEMER
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REPLACING MALFUNCTIONING MACHINERY
COMPONENTS WITH EXACT SPECIFICATIONS
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INTERCHANGEABLE PARTS
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FINANCIAL RESOURCES
INVESTMENTS TO BUY TOOLS, MACHINERY, AND FACTORIES
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CAPITAL
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WHEN INDIVIDUALS DEVELOP DEFINED JOB SKILLS AND
SPECIALIZE IN ONE TASK
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DIVISION OF LABOR
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TELEGRAPH
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SAMUEL MORSE
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WHEN A SINGLE PERSON RISKS ASSETS TO START AND
OPERATE A BUSINESS
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SOLE PROPRIETORSHIP
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WORK STOPPAGE
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STRIKE
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A PERCENTAGE OF CORPORATE PROFITS PAID TO
STOCKHOLDERS
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DIVIDEND
DIVIDEND CHECK
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INVENTED A BALLOON LIKE FLYING MACHINE TO CARRY
PASSENGERS
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FERDINAND von ZEPPELIN
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NAME THE FOUR PERIODS OF THE BUSINESS CYCLE
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BOOM
RECESSION
EXPANSION
CONTRACTION
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INVENTED THE FLYING SHUTTLE
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JOHN KAY
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WHEN PEOPLE TRAVELED TO THE SAME LOCATION (IN
THE CITY)
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FACTORY SYSTEM
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INVENTED
AN
EFFICIENT
STEAM
ENGINE
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JAMES WATT
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THE FACTORS OF PRODUCTION ARE
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LAND
LABOR
TECHNOLOGY
ENTREPRENEURSHIP
CAPITAL
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INVENTED THE ELECTRIC GENERATOR
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MICHAEL FARADAY
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WET CELL BATTERY
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ALEXANDER
VOLTA
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A BUSINESS WHOSE OWNERS ARE SEPARATE FROM THE
PEOPLE WHO OWN AND OPERATE IT
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CORPORATION
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A CERTIFICATE OF OWNERSHIP IN A CORPORATION
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STOCK
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THE WORKING CLASS
THE PRODUCERS OF A SOCIETY
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PROLETARIAT
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WORKERS BARGIN WITH MANAGEMENT AS ONE INDIVIDUAL
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COLLECTIVE
BARGAINING
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HE DEVELOPED AN EFFICIENT GAS POWERED INTERNAL
COMBUSTION ENGINE
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GOTTLIEB DAIMLER
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HE INVENTED AN INTERNAL COMBUSTION ENGINE THAT
RUNS ON FUEL OIL
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RUDOLF
DIESEL