Front

What are the three factors of production?

Back

Land, Labor, Capital

Front

How were agricultural improvements tied in together with industrialization?

Back

Improved farming methods create resources/raw materials for factories

Front

Why does the idea of laissez-faire and capitalism go hand in hand?

Back

Little government intervention in the economy allows businesses to flourish and make profits.

Front

How did water play an important role in industrialization?

Back

Water powered steam engines that were used in factories, Waterways allowed factories to ship their products to other locations for sale, Waterways powered factories by turning wheels and gears thus powering the machines.

Front

How did the steamboat and railroads benefit the Industrial Revolution?

Back

They provided factories with a way to transport products quicker and cheaper.

Front

What problems did cities face as a result of rapid urbanization?

Back

Increased crime rates, Poor sanitation, Disease

Front

How did the Industrial Revolution aid in the rise of the Middle Class?

Back

The Industrial Revolution provided workers with steady jobs and management positions.

Front

What impact did technological advancements have on industry?

Back

Production of goods was increased; Quality of products was decreased.

Front

In what country did the Industrial Revolution begin?

Back

Britain

Front

What did Karl Marx believe about Capitalism?

Back

It created a system between the have's and have not's.