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Factory System

Definition

The factory system was a method of manufacturing first adopted in England during the Industrial Revolution. It involved using machinery housed in factories where workers were paid wages to produce goods.

Related terms

Industrial Revolution: A period from 1750s-1850s when major changes occurred in agriculture, textile manufacture, transportation and economic policies which had profound effects on socio-economic conditions worldwide.

Capitalism: An economic system characterized by private ownership where businesses operate for profit. Factories were typically owned by capitalists who provided capital (money) needed for equipment and materials.

Urbanization: The process by which towns and cities are formed and grow due to people moving from rural areas to urban areas. This was largely driven by the factory system as workers moved closer to factories.