Terms:
Industrialization – economic activity characterized by manufacturing of goods
mass production – the creation of large amounts of goods in a short time
specialization of labor – dividing up work for individuals to have specific tasks
corporations – large businesses that are owned by several people
urbanization – the migration of people to live in cities
immigration – moving from one’s homeland to live in another place
labor union – an organization formed by workers to provide for better working conditions
tenements – a building with several small apartments
free enterprise-an economic system in which private business operates in competition and largely free of state control.
sweatshop-a place of work where workers earn very low wages in unhealthy conditions.