Industrial Revolution

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The term laissez-faire roughly translates to mean

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leave alone

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The ability to have necessities of life, such as food, clothing, and shelter and wants like vacations, concerts, and other amusements is referred to as

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standard of living

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The process of an area growing larger, with an increase in population, production of goods and services, and availability of a variety of options to fulfill one's wants and needs is called

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urbanization

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In the early days of the Industrial Revolution, which item was manufactured in great numbers at newly built factories? Options: textiles(Clothes), industrial machines, cars, household goods like cookware

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textiles(Clothes)

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Which of the following best defines the term capital when referencing the Industrial Revolution? a city where industrial production increased, became an important city for a nation's economy; money, equipment, and/or resources that were used in the production of goods; a type of investment that helped a factory or business get started; none of these best define capital

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money, equipment, and/or resources that were used in the production of goods

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Which of the following best describes industrialization?

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advancement in technology to produce goods on a larger scale and a reliance on manufacturing of goods instead of individuals producing goods themselves

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Why was England the site of the beginnings of the Industrial Revolution?

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England had an abundance of natural resources such as coal, iron ore, and waterways where water wheels and steam engines could be built.

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What country was the first to Industrialize?

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Great Britain

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Why was England the first to industrialize?

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England was the first to industrialize due to its natural resources, political stability, and culture of innovation.

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What is Capitalism?

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Capitalism is an economic system characterized by private ownership of the means of production and their operation for profit.