What does Laissez Faire mean in terms of economics?

Less government regulation is better for business.

Economic system individual responsible for own wealth.

Who was Samuel Slater?

A smuggler who brought the Industrial Revolution to the US.

What was the Industrial Revolution?

Machine labor quickly changing the way goods were produced.

A Scottish Economist who wrote The Wealth of Nations.

What is the Enclosure Movement?

A series of laws that sold off village commons lands.

studbud

The Industrial Revolution

14 termsStudBud Administration1,296 plays

A World History Quiz over the causes and effects of the Industrial Revolution.

Flashcards14 cardsFPractice quizPHost liveL

Questions 14

Answers

1
What was the average life expectancy before the Industrial Revolution?
60 years
40 years
50 years
30 years
2
What is an entrepreneur?
Private Business Investor
Social Activist
Union Leader
Government Worker
3
The father of the factory also the first millionaire
Adam Smith
Henry Ford
Samuel Slater
Richard Arkwright
4
On average how many people did each family have before the Industrial Revolution?
10
12
4
8
5
What is capital?
Metal
Machinery
Money
People
6
Where (what country) did the Industrial Revolution begin?
France
The United States of America
Canada
Great Britain
7
What does Laissez Faire mean in terms of economics?
None of the Above
More government regulation is better for business
The Means of Production should be publiclly owned.
Less government regulation is better for business.
8
What natural resources allowed Great Britain to Industrialize quicker than other countries?
All of the above
Coal
Many Water ways
Iron Ore
9
Where did most people live before the Industrial Revolution?
Suburbs
Small villages and rural farms
Communes
Large Cities
10
What is capitalism?
A rare disease where state capitals are always on your mind.
An economic system where everyone is equal in wealth.
Economic system individual responsible for own wealth.
An economic system where the government controls wealth.
11
Who was Samuel Slater?
A Scottish Economist and the father of laissez faire.
A smuggler who brought the Industrial Revolution to the US.
Father of the factory system.
The first millionaire.
12
What was the Industrial Revolution?
Machine labor quickly changing the way goods were produced.
Insignificant event equal to the fad known as the internet.
Improved farming methods lead to increased productivity.
Machine labor that slowly changed society.
13
Who was Adam Smith?
Writer of the Communist Manifesto
A smuggler who brought the Industrial Revolution to the US.
Inventor of the Flying Shuttle.
A Scottish Economist who wrote The Wealth of Nations.
14
What is the Enclosure Movement?
A movement that created more farmers.
A defensive strategy in football.
A series of laws that sold off village commons lands.
The movement of people to the cities.

The Industrial Revolution Flashcards | StudBud