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Unit 1: Industrialization (Social Development (Middle Class (rapidly…
Unit 1: Industrialization
Social
Development
Middle Class
rapidly growing class of everyday workers
Lower Class
lowest class, made up of the poorest citizens
Upper Class
Made up of wealthy business owners and politicians
Economic
Development
Industrial Revolution
New Inventions
Industry
large sprawling factories, helped give birth to the middle class.
smog and ash from factories covered everything and caused illness
Farming
Crop rotation
Better plows
cotton gin
Political
Development
Communism
the belief of a great utopia where there are no classes and everyone gets the same amount of everything, there is no need for money or armies.
Mercitalism
economic theory that heavily encourages the following ideas, trade generates wealth and geopolitical power, and that wealth is stimulated by the accumulation of colonies.
Capitalism
economic system with the following factors, trade/industry controlled by private owners, personal profit, and limited government involvement.