Across
- 3. a business owned by stockholders who share in its profits but are not personally responsible for its debts
- 5. the growth of cities and the migration of people to them
- 8. an economic system in which all means of production - land, mines, factories, railroads, and businesses - are owned by the people, private property does not exist, and all goods and services are shared equally
- 9. a person who organizes, manages, and takes on the risks of business
- 11. to refuse to work in order to force an employer to meet certain demands
- 12. Class: a social class made up of skilled workers, professionals, businesspeople, and wealthy farmers
- 17. the theory, proposed by Jeremy Bentham in the late 1700s, that government actions are useful only if they promote the greatest good for the greatest number of people
- 20. Jenner: created first vaccine for smallpox
- 21. one of the fenced-in or hedged-in fields created by wealthy British landowners on land that was formerly worked by village farmers
- 24. an economic system based on private ownership and on the investment of money in business ventures in order to make a profit
Down
- 1. Revolution: the shift, beginning in England during the 18th century, from making goods by hand to making them by machine
- 2. poor, working class, peasants
- 4. Hargreaves: created spinning jenny, 8 threads at a time
- 6. the development of industries for the machine production of goods
- 7. of Production:the resources - including land, labor, and capital - that are needed to produce goods and services
- 10. association of workers, formed to bargain for better working conditions and higher wages
- 11. an economic system in which the factors of production are owned by the public and operate for the welfare of all
- 13. Faire: the idea that government should not interfere with or regulate industries and businesses
- 14. rich, middle class, owners
- 15. Watt: steam engine inventor: faster, more efficient, less fuel used
- 16. certain rights of ownership that entrepreneurs sold
- 18. Marx: poor German journalist who co-authored "The Communist Manifesto," believed that workers will overthrow owners, that classes were the root cause of conflict, supported COMMUNISM
- 19. Kay: flying shuttle = weaving
- 22. Rotation: the system of growing a different crop in a field each year to preserve the fertility of the land
- 23. Smith: professor at University of Glascow, Scotland, who defended free economy/laissez faire/capitalism