Innovation and Industry: Objectives
After you have completed this section, you will be able to:
- Understand how mass production in factories made goods more affordable.
- Examine the economic and social impacts of child labor.
- Understand how the inventions of significant individuals changed daily life.
- Analyze the economic and social changes that came with the end of slavery.
- Identify key dates and the contributions of key people during the Industrial Revolution.
- Define the following terms:
- Mass production
- Bessemer steel process
- Patent
- Patent and Trademark Office
- Merchant Capitalism (Mercantilism)
- Corporate Capitalism
- Capital
- Shares
- Dividends
- Free Market Economy