FLASHCARD - Capitalism & Industrialization Vocab

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•
History
•
11th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
What period marks the transition to new manufacturing processes known as the Industrial Revolution?
Back
1760-1820
2.
FLASHCARD QUESTION
Front
The transition to new manufacturing processes included going from hand production methods to ____.
Back
machines
3.
FLASHCARD QUESTION
Front
Which of the following transportation methods was developed during the First Industrial Revolution? Railways, Airplanes, Automobiles, Bicycles
Back
Railways
4.
FLASHCARD QUESTION
Front
The improvements made by the Scottish inventor in 1776 were fundamental to the changes brought by the Industrial Revolution in both his native Great Britain and the rest of the world. Fill in the blank: The inventor was ______.
Back
James Watt
5.
FLASHCARD QUESTION
Front
What is the term for the separation of tasks in any economic system or organization so that participants may specialize?
Back
Specialization
6.
FLASHCARD QUESTION
Front
The act of making a product available for sale is known as ________.
Back
Commercialization
7.
FLASHCARD QUESTION
Front
What does the term 'laissez-faire' refer to in economic theory?
Back
Free market with minimal government interference
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