Period 3 (1750 CE - 1900 CE
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A+History A- Lesson 25/Unit 5 Exam
Capitalism ✔✔An economic system based on private ownership of capital
Adam Smith ✔✔Scottish economist who wrote the Wealth of Nations a precursor to
modern Capitalism.
Laissez-faire ✔✔Idea that government should play as small a role as possible in
economic affairs.
Commercialization ✔✔introducing a new product into the market
Enclosure Movement ✔✔The process of consolidating small landholdings into a
smaller number of larger farms in England during the eighteenth century.
Mechanization ✔✔the replacement of human labor with technology or machines.
Factory System ✔✔A method of production that brought many workers and
machines together into one building
Textiles ✔✔The first industry to be industrialized in the 18th century.
water frame ✔✔powered by water; turned out yarn much faster than cottage
spinning wheels, led to development of mechanized looms
middle class ✔✔A social class made up of skilled workers, professionals, business
people, and wealthy farmers
working class ✔✔A social class broadly composed of people working in blue-collar,
or manual, occupations.
steam engine ✔✔A machine that turns the energy released by burning fuel into
motion.
Industrial Revolution ✔✔A series of improvements in industrial technology that
transformed the process of manufacturing goods.
, Second Industrial Revolution ✔✔Steel, chemicals, electricity. This is the name for
the new wave of more heavy industrialization starting around the 1860s.
Union Pacific Railroad ✔✔(USG) , railroad that started in Omaha, Nebraska and it
connected with the Central Pacific Railroad in Promentary Point, Utah; hired Chinese
immigrants
Trans-Siberian Railroad ✔✔Constructed in 1870s to connect European Russia with
the Pacific; completed by the end of the 1880s; brought Russia into a more active
Asian role.
Suez Canal ✔✔A ship canal in northeastern Egypt linking the Red Sea with the
Mediterranean Sea
Erie Canal ✔✔A canal between the New York cities of Albany and Buffalo,
completed in 1825.
single export economies ✔✔Countries who rely on one product as their main source
of income
United Fruit Company ✔✔U.S. corporation that controlled the banana trade in much
of Latin America
Economic Imperialism ✔✔Independent but less developed nations controlled by
private business interests rather than by other governments.
Imperialism ✔✔A policy of extending a country's power and influence through
diplomacy or military force.
Hong Kong and Shanghai Banking Corporation ✔✔is a prominent bank established
and based in Hong Kong since 1865 when Hong Kong was a colony of the British
Empire.
Enlightenment ✔✔A movement in the 18th century that advocated the use of reason
in the reappraisal of accepted ideas and social institutions.
John Locke ✔✔17th century English philosopher who opposed the Divine Right of
Kings and who asserted that people have a natural right to life, liberty, and property.
consent of the governed ✔✔The idea that government derives its authority by
sanction of the people.
Constitutionalism ✔✔Basic principle that government and those who govern must
obey the law; the rule of law
Natural Rights ✔✔the idea that all humans are born with rights, which include the
right to life, liberty, and property