11. Assembly Line
• Invented by Henry Ford so each factory worker added only one part
to a finished product.
12. Adam Smith
• Wrote in "The Wealth of Nations" that economic prosperity and
fairness is best achieved through private ownership.
13. Free Market System (Capitalism)
• Individuals owning the means of production and sell their products
and service in an open market, where demand for goods and service
would determine prices and availability.
15. Karl Marx
• German economist and philosopher who pointed factory workers
were being exploited as a consequence of capitalism. Wrote in "The
Communist Manifesto" that the working class would eventually
revolt.
18. Factory Act of 1883
• Passed by British Parliament that limited hours of each workday,
restricted children working in factories. and required owners to
making working conditions safer and cleaner.