Which is an effect of industrialization?

People moved to cities for work

Socialism or Mixed Economy is the economic system in which

People & business share factors of production

The principle of laissez-faire states that

Government should notinterfere with business

Communism or Command Economy is an economic system in which

Factories are owned by thegovernment

Capitalism or Market Economy is the economic systemin which

People control what is produced

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Industrial Revolution Semester Exam Review 2015

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Industrial Revolution Semester Exam Review

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Questions 14

Answers

1
What machine forces air through molten metal to burn out carbon & makes cheap steel?
Flying Shuttle
Bessemer Converter
Steam Engine
Cotton Gin
2
Which is an effect of industrialization?
People left the North & went South
Europeans took control of American factories
People moved to cities for work
Industry grew and burned itself out
3
Socialism or Mixed Economy is the economic system in which
People control the factorsof production
People & business share factors of production
Government controls thefactors of production
Businesses operate for welfareof the people
4
The principle of laissez-faire states that
Government should notinterfere with business
Workers have theright to strike
Government should controlall business
All citizens should have the right to vote
5
The earliest industry to be affected by mechanization was
Communications
Textiles
Iron and Steel
Transportations
6
Communism or Command Economy is an economic system in which
Factories are owned byHerman
Some factories owned byindividuals & other by government
Factories are owned byindividuals
Factories are owned by thegovernment
7
Factory workers typically
Hadtwo weeks off for Christmas
Worked 6 to 8 hour days
Hadweekends and every other Friday off
Worked 12 to 14 hour days
8
What class of society did Marx call upon to unite & stage a revolution?
Upper Class
MiddleClass
Bourgeoisie
Proletariat
9
Women who worked in the early textile mills
Held managerial positions
Paid less than men
Worked eight hours a day
Members of the middle class
10
What system made products at home and by hand?
Industrial
Assembly
Wage
Domestic
11
Theory of supply and demand, if an article is scarce and in great demand, its price will
Remain the Same
Go up
Go Down
Do the Hooky Pooky
12
The Industrial Revolution began in
England
France
China
United States
13
Capitalism or Market Economy is the economic systemin which
Government owns the meansof production
People retain control over economy through elections
People control what is produced
Competition in business arecompletely eliminated
14
Thomas Newcomen invented this machine and James Watt improved it. What is it?
Steam Engine
Cotton Gin
Flying Shuttle
Bessemer Converter

Industrial Revolution Semester Exam Review 2015 Flashcards | StudBud