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Industrial Revolution Part 4: The Economy Changes
Definition● Domestic System:
● Step 1: ● Step 2: ● Step 3: ● Step 4: ● Step 5: ● Step 6:
Definition:● Factory system:
Advantages of the Factory System1. 2. 3. 4.
A Revolution in Agriculture● The same innovation seen in converting to the factory system also happened in
_____________________.
New Machines New Methods Enclosure Movement
Big Business
● _______________ and ______________ saw that they could get richer with all this new business. People and banks that give money to new businesses are called ______________.
● They invested their money into new businesses and industries, like _________ and ____________
● The first ___________________ was John D. Rockefeller, who was in the oil business
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