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Increased mutton output by allowing only his best sheep to breed.
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Invented by John Kay
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Jeremy Bentham introduced this philosophy. Argued through his works which were published in the late 1700s. He argued that people should judge ideas, institutions and actions on the basis of their utility and usefulness.
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Invented by James Hargreave.
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Wrote the book, The Wealth of Nations, which defended the idea of a free economy and free markets. He believed in the economic liberty guaranteed economic progress and that government did not need to interfere with the economy.
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This was the belief introduced by Charles Fourier and Saint-Simon, stating that the factors of production are owned by the public and operate for the welfare of everybody.
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invented by Eli Whitney
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This is an economic system in which money is invested in business ventures, with the goal of making a profit. In the work An Essay on the Principle of Population, written by Malthus on this subject argued that population is increasing more rapidly than the food supply.
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Took the secret plans to how to build spinning machinery to Belgium. His son eventually built a huge industrial enterprise building machinery, steam engines, and railway locomotives.
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Parliament passes a bill to end slave trade in the British West Indies.
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An investor who revolutionized the American textile industry. He mechanized every stage in the manufacture of cloth.
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Invented by Cyrus McCormick.
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Invented by I.M. Singer
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This limited the workday to ten hours for women and children who worked in factories.
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Wrote the book Mary Barton which showed sympathy for the working class at this time.
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Marx introduced this idea which was a form of complete socialism where production would be all land, mines, factories, railroads and businesses. His ideas were published in his book The Communist Manifesto.
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Founded the large corporation, Standard Oil. He controled every aspect of his industry so that he could make big profits.
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Invented by Alexander Graham Bell
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Women joined together to found this organization for their own rights.
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Progressive reformers in the US organized the National Child Labor Committee to end child labor, protecting working children in their country.
