Industrial Revolution

Class Struggle
Class struggle refers to the antagonism between social classes resulting from different economic and social interests. First identified by Karl Marx, it highlights the conflict between the owners of capital (bourgeoisie) and the nonowning employees (proletariat).
Industrial Revolution
The Industrial Revolution marks a significant period of transformation characterized by the introduction of mass production, improved transportation, technological advancements, and the industrial factory system. In the United States, this era is generally considered to have begun around the time of the Civil War (1861-1865).
Mechanization
Mechanization refers to the process of performing tasks using machines, mechanical equipment, or mechanical aids. Unlike automation, mechanization does not typically include self-correcting feedback mechanisms.
Revolution
A comprehensive look at the term 'revolution,' encompassing its definitions ranging from total and complete change in contextual applications to the movement on an axis such as revolutions per minute (rpm). Relevant across various disciplines like technology, mechanics, social change, and more.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.