Lesson 1390 of 1524
Industrial Transformation in the North, 1800–1850
Industrialization led to radical changes in American life.
Practice this chapterIndustrialization led to radical changes in American life. New industrial towns, like Waltham, Lowell, and countless others, dotted the landscape of the Northeast.
The mills provided many young women an opportunity to experience a new and liberating life, and these workers relished their new freedom. Workers also gained a greater appreciation of the value of their work and, in some instances, began to question the basic fairness of the new industrial order.
labor theory of value — an economic theory holding that profits from the sale of the goods produced by workers should be equitably distributed to those workers. machine tools — machines that cut and shape metal to produce standardized, interchangeable parts for mechanical devices such as clocks or guns. putting-out system — a labor system whereby a merchant hired different families to perform specific tasks in a production process. deskilling — breaking an artisanal production process into smaller steps that unskilled workers can perform.
Worked example
What does “labor theory of value” mean in Industrial Transformation in the North, 1800–1850?
- 1Use the wording this chapter gives for labor theory of value.
- 2The book says: an economic theory holding that profits from the sale of the goods produced by workers should be equitably distributed to those workers.
- 3Do not use the meaning of machine tools. That term means machines that cut and shape metal to produce standardized, interchangeable parts for mechanical devices such as clocks or guns.
Result: an economic theory holding that profits from the sale of the goods produced by workers should be equitably distributed to those workers
Why. That is the meaning this chapter gives for labor theory of value.
Do not swap labor theory of value and machine tools. labor theory of value means an economic theory holding that profits from the sale of the goods produced by workers should be equitably distributed to those workers. machine tools means machines that cut and shape metal to produce standardized, interchangeable parts for mechanical devices such as clocks or guns.
Practice margin
This chapter
A fresh set from this chapter only. Choose 10 or 20. Multiple choice and fill-in, with no repeat inside the set.