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Industrialization & Economic Systems Review Flashcards | StudBud
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Industrialization & Economic Systems Review
Industrialization & Economic Systems Review
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Review for the Industrial Revolution and Economic Systems.
Flashcards
24 cards
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Questions
24
Answers
1
The growth of worldwide trade is this type of Industrial effect:
Social
None
Political
Economic
2
Which of the following identify the factors of production?
Land, Labor, Crops
Labor, Capital, Production
Land, Labor, Capital
Labor, Capital,Investment
3
Increase in city populations - is an example of this type of industrial effect:
None
Social
Political
Economic
4
In this type of economy the government answers all the questions for whom, what, and how much:
Communism
Capitalism
Traditional
Mixed
5
A massive movement to the cities by people during the 19th century was known as:
Migration
Industrialization
Urbanization
Suburbanization
6
Seeks to bring equality but there is still some private ownership
Communism
Socialism
Capitalism
7
What type of economy does the US have ?
Capitalist
Mixed
Socialist
Command
8
Governments produce, protect and provide certain goods and services,this is an example of the:
Free Market system
Socialist Theory
Entire World
Command economy
9
Production of handmade goods began in peoples homes,this is called:
The Cottage Industry
Assembly line
The factory system
Industrialzation
10
The growth of the middle class & increased education are what type of effects:
Negative
Positive
11
Reasons why GB was the leader of industrialization:
Geography, Government,Nationaliy
Social Factors, Colonial empire, Territory
Government, Social Factors, Advantage of being 1st, colonial empire
Geography, Social factors, Land
12
The first industry to undergo industrialization
Railroads
Britain
Factories
Textiles
13
Private ownership, competition and profit:
Capitalism
Communism
Anarchy
Socialism
14
An increase in machine-made goods beginning in England in the 1700’s:
Industrialization
Enlightenment
Cottage Industry
Agricultural Revolution
15
A classless society and no need for government describe this economic system:
Mixed economy
Communism
Capitalism
Socialism
16
Skilled workers, professionals, business people and wealthy farmers formed a new social class:
Upper Class
Poor
Upper Lower Class
Middle Class
17
A lemonade stand represents what type of an idea?
Socialist
Capitalist
18
The working class should unite & overthrow the upperclass, bringing equality. Which system ?
Communism
Capitalism
Liberalism
Socialism
19
A public high school , represents what idea?
Socialist
Capitalist
20
Which of the following is an example of a renewable resource?
Petroleum
Water
Natural Gas
Coal
21
Poor working conditions and increased gap between the rich & poor are examples of what effects?
Positive
Negative
22
This offered cheap transportation for materials and goods :
Railroads
Roads
Hoverboards
Canals
23
Reform bills in Parliament and Congress, are examples of this type of Industrial effect:
Economic
Political
Social
None
24
Name of the document Marx & Engle's formed outlining their solution, in reaction to capitalism:
Communist Theory
Communist Manifesto
Mein Kampf
Wealth of Nations