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What did most people do for a living?
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Farming
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What was the average life expectancy before Industrial Revolution?
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40
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What percentage of people lived in towns and cities before the industrial revolution?
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25%
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Why were most rural villages self sufficient?
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Transportation was expensive, difficult and dangerous
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How did people working in the domestic system earn money?
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They worked at home
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What were some of the benefits of the domestic system?
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Safe, make your own hours, money, household tasks could be done
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What was work like in the factory system?
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Dangerous, fast paced, long hours, low pay, set hours
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What was the industrial revolution?
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Economic and social change throughout US and Europe
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What 3 main factors were necessary in order for the Industrial Revolution to begin?
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Laborers, capitol, natural resources
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Where were most early factories located?
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Near rivers
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What industry led to the development of the factory system?
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Textile Industry
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What is Industrial Capitalism?
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Continually expanding factories or investing in new businesses
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What is an entrepreneur?
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A person who takes risks to establish a business
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What is a corporation?
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Business organizationowned by stockholders who buys shares in a company
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The Industrial Revolution created jobs in what areas?
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Building, mining, automotives, manufacturing
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