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James Hargreaves
In 1764 Hargreaves built what became known as the Spinning-Jenny. -
Richard Arkwright
In 1762 Arkwright started a wig-making business. This involved him travelling the country collecting people's discarded hair. -
Steam Engine
Was first used to power trains and is still used in trains today.
James Watt -
Cotton Gin
A machine used to remove cotton from its seeds.
Eli Whitney -
Sir Henry Bessemer
Bessemer developed the first process for mass-producing steel inexpensively. -
George Thomson
He started with engine building then expanded into shipbuilding in 1851. He produced over forty steamers including the Russia one of the top ships crossing the Atlantic. -
James Cook Ayer
The wealthiest patent medicine businessman of his day, was also involved in textile production in Lowell, Massachusetts with his brother. -
Utilitarianism
Rewritten idea of Adam Smith idea of capitalism. All about the people, mainly the bigger group. "The government should promote the greatest good for the most people"
John Stuart Mill -
Telegraph
Used at railroad stations to communicate back and forth.
Samuel F. B. Morse -
Sewing Machine
Used to stitch fabric together using thread.
Elias Howe -
Thomas Edison
Edison's greatest contribution was the first practical electric lighting. He not only invented the first successful electric light bulb, but also set up the first electrical power distribution company. -
Telephone
Used by billions today giving human a faster way to communicate.
Alexander Graham Bell -
Diesel Engine
Engine used to power heavy cars regular engines cant power.
Rudolf Diesel -
Socialism
Government run, believed the government should play a bigger role in the economy. The factors of production should belong to the people. Land, Labor and Capital -
Communism
The ideal government, complete form of Socialism. Everything shared equally.
Karl Marx -
Capitalism
Adam Smith was the creator of Capitalism and wrote The Wealth Of Nations. Invest money to make money and let the people do as they please.
