CHAPTER 20

Industrial Revolution and Social Changes

IN THIS CHAPTER

Summary: The period between 1750 and 1900 was one of radical change, especially in the West,
Russia, Japan, and China. Political revolutions occurred in the Americas, France, and China. The
global population increase caused in part by the Columbian Exchange was followed by a revolution
in industry that began in England.

Key Terms

An asterisk ( *) denotes items listed in the glossary.

capital
domestic system
economic liberalism
enclosure movement
entrepreneurship
factors of production
gold standard
Industrial Revolution
laissez-faire economics
limited liability corporation
Meiji Restoration
Russo-Japanese War
Second Industrial Revolution
Sino-Japanese War
stock market
transnational company
zaibatsu