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