KEY IDEAh 183CHAPTER
20
The 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* laissez-faire economics*
domestic system* limited liability corporation*
economic liberalism* Meiji Restoration*
enclosure movement* Russo-Japanese War*
entrepreneurship* Second Industrial Revolution*
factors of production Sino-Japanese War
gold standard* stock market*
Industrial Revolution* zaibatsu*The Industrial Revolution
The change in the production of manufactured goods from the home to the factory began
in the English textile industry in the mid-eighteenth century. The Industrial Revolution
built on innovations in agriculture that had brought improved farming methods such as
crop rotation, scientifi c breeding of livestock, and the application of fertilizers. A resulthttp://www.ebook3000.com