This economic theory says that the government should not interfere in the economy.
Industrial Revolution Vocab Review

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Social Studies
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10th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Capitalism
2.
FLASHCARD QUESTION
Front
What is the movement of people from farms to cities?
Back
Urbanization
3.
FLASHCARD QUESTION
Front
A place where people and machines join together to mass produce goods.
Back
Factory
4.
FLASHCARD QUESTION
Front
__________ is known as the Father of modern economics, who theorized Laissez-Faire, the idea that the market should have no political interventions?
Back
Adam Smith
5.
FLASHCARD QUESTION
Front
In which European country did the Industrial Revolution begin? France, Britian, Prussia, Spain
Back
Britian
6.
FLASHCARD QUESTION
Front
Capitalism is
Back
An economic system in which the means of production are privately owned and money is invested to make profits.
7.
FLASHCARD QUESTION
Front
__________________ predicted a violent revolution that would result in the working class taking over in a classless political and economic systems known as communism.
Back
Karl Marx
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