Ch. 9 Industrial Revolution Review

An association of workers that plans actions and coordinates demands for workers

Who wrote the book the Wealth of Nations?

Which of the following was not one of Britain’s major industrialization advantages?

In capitalism the govt should promote the greatest good for the greatest #of ppl in the country

Industrialization helped close the gap between industrialized and non-industrialized countries

The man who invented the steam engine so that it could be used in factories and other places

Which of the following economic systems is based on private investment for the individual gain?

The basic resources necessary for production

Corporation is a business owned by stockholders who share in $$ but not responsible for debts

In England, the Industrial Revolution began in the textile industry.

Which of the following is not a positive effect of the Industrial Revolution?

Which of the following is not a factor of production needed to produce goods and services?

Great Britain encouraged lots of other countries to industrialize.

The United States was successful at industrialization was because it had many natural resources

Economic and political system in which the government owns all of the means of production

Robert Owens wrote Wealth of Nations.

Which of the following was written by Karl Marx and Friedrich Engels?

The movement of people from rural areas to the cities

What natural resource was most used to power machines in the First Industrial Revolution?

The practice of fencing or enclosing common lands into individual holdings

The term (words) for changes in the 1800s brought about by new inventions

Who invented the spinning jenny?

Why did small farmers begin moving to cities in the late 1700’s?

William Wilberforce is known for leading the 19th century fight to

In communism the govt allows private ownership of the major industries to ensure competition.

A bargaining method involving the refusal of workers to work until their demands have been met

In communism, everyone would share the factors of production and social classes would not exist

Karl Marx believed the two classes that developed bc of capitalism were the haves and have nots

Economic system based on supply, demand, and competition (we have this in the USA)

An entrepreneur is a type of?