Ap World History Chapter 30

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Chapter 30 Factory system: The factory system replaced both the putting out system and proto industrial factories and was the characteristic method of production in industrial economies. Many of the new machines being made were too large and expensive for household use and were required to be in a bigger building. Engineers and entrepreneurs began to make complicated machines for large scale production. The significance of the factory system was it brought together more workers doing specialized tasks than ever before. It created jobs for people who never used to be able to work in the factory setting because the workers were required to do one task instead of the whole job. The workers became dependent on the owners to supply them their livelihood because they couldn't get the machines in their house to do their job if something happened. Mass production: Mass production was at first limited to the textile industry but the american inventor eli whitney made it possible to mass produce almost anything. He designed machine tools that made only a single part of a gun so unskilled workers could do this job. Soon entrepreneurs applied Whitneys ideas to other industries. The significance of mass production was that it increased the speed of being able to produce a product by a lot. Mass production made the prices of once expensive things like cars plummet as the speed which they could be produced rised. It provided new jobs to people who were unskilled in craftsmanship. Socialism: Socialism is an economic concept that advocates public ownership of all resources. The production and distribution of resources with a society are then controlled by members of that society collectively or by the government that represents that society. Goods are produced and distributed based on need rather than on market forces such as profitability, price and consumers'
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