Final Review Part 2

According to socialists, the solution to poverty is:

• Revolution
• Charity
• Taking from rich and giving to poor
• Individual ownership

I.R. led to increased:

• Skepticism
• Output of manufactured goods
• Home-based labor
• Demand for skilled agricultural labor

Which of these doesn't describe the I.R.?

• Only males worked
• Child labor was used
• Dangerous working conditions
• Building of tenements

Poor working conditions led to the growth of:

• Labor Unions
• Factory system
• Corporations
• Middle Class

What impact did technology have on industry?

• More hand-made items
• Production of goods increased
• Number of workers decreased
• It had no effect

Someone who sets up a business:

• Specialist
• Partner
• Aristocrat
• Entreprenuer

In capitalism, who owns the means of production?

• Society
• Government
• Interchangeable parts
• Individuals

Workers repeatedly do the same task over and over:

• Assembly line
• Bessemer process
• Interchangable parts
• Cottage industry

Supporters of laissez-faire favored:

• Government-run unions
• Prohibition of child labor
• Reduced government regulation
• The improvements of working conditions in textile factories

Socialists believe the government should:

• Promote competition
• Distribute wealth equally
• Increase the value of private property
• Make a profit