This term refers to the total physical and mental effort used in the creation of either a good or service. Human Labor. This term refers to people moving to cities from rural areas in large numbers. Urbanization. This term refers to wealth or anything of value that can be added to a company. Capital. This term refers to the traditional way of producing goods by means of manufacturing items in homes, rather than factories. Domestic System. This term refers to mass producing goods in a large, factory setting. This would replace the traditional way of producing goods since this system was far more efficient than its predecessor. Factory System. Tenement Buildings. This term refers to having a certain share of ownership in a business. Stocks. This term refers to a business owned by stockholders who share in its profits but are not personally responsible for its debts. Corporation. This term refers to allowing business to handle their own affairs, regarding their businesses, with little to no interference with the government. Capitalism. This term refers to a economic model in which the government owns the means of production, and distributes them equally to its people; in addition to not having private ownership of property. Communism. True or False: In the days before the Industrial Revolution, goods were produced in factory like settings in which goods were mass produced and thus made more cheaply for people to purchase. False. What were the various causes that allowed the Industrial Revolution to begin in England around 1750? . Why did the causes or conditions of the Industrial Revolution allow the nation it started in to be the first to industrialize? England, not Germany or France, was fortunate to have all of these items present, thus making it a perfect candidate for something like the Industrial Revolution. . What major industry was the first to fully industrialize in the early stages of the Industrial Revolution? Textile Production. What major cities population would explode due to the people flocking to these cities in search of factory work? London. Why were factories such dangerous places to work in? . True or False: Women and Children were exposed to such treacherous conditions such as: having to work for decent pay in relatively safe and clean working environments for up to eight to ten hours a day for five days a week. False. They regulated child labor in mines and factories. Who was the person that illegally brought the Industrial Revolution to the United States in the late 1700's? Samuel Slater. What would the employees of factory workers ultimately do to push back against CEO's like John D. Rockefeller and Andrew Carnegie? Create labor unions to fight for better conditions and pay for workers and to strike if their demands were not met. . Who was the founder of Capitalism and what was the name of their book? Adam Smith, Wealth of Nations. What were the Three Laws of Capitalism that are outlined in Capitalism? Law of Supply and Demand. What is Utilitarianism? . Who was the person that developed Communism? Karl Marx. In Communism, who controls all the means of production? The Government