Industrial Revolution

During the Industrial Revolution, the expansion of free enterprise economic principles resulted in —

• an increase in government regulation of factories

• the workers sharing in the profits of the factory

• an accumulation of wealth by factory owners

• the passage of additional protective tariffs

How did railroads impact the prices of goods & services?

• Made goods and services more expensive & harder to ship
• Made goods and services cheaper & easier to ship
• Gave people safer transportation
• Opened new land for exploring and settlements

Railroads moved ___-_________ to factories.

• finished prodcuts
• raw materials

The cotton gin was invented by _____, which helped separate seeds from cotton fiber.

• Eli Whitney
• Henry Ford
• Robert Fulton
• Edmund Cartwright

Where did the industrial revolution start?

• Russia
• Japan
• Britain
• America

Until the 1800s, how did most families get the items they needed for daily life?

• They made tools, clothing, materials, and food by hand.
• They bought them from factories.
• They bought them on the Internet.
• They bought them from stores.

Which of the following individuals would likely have experienced the greatest economic benefit from the Industrial Revolution?

• an aristocratic landowner

• a machine operator

• a domestic servant

• a factory owner

Thinkers who disliked the lack of government intervention characteristic of laissez-faire economic policies during the Industrial Revolution proposed which new economic alternative?

• mercantilism

• socialism

• fascism

• capitalism

Which of the following groups had a difficult time competing with mass production and the factory system during the Industrial Revolution?

• merchants

• landowners

• artisans

• industrialists

Through the effects of the free enterprise system, which of the following professions eventually replaced merchants as the most important economic group in nineteenth century Europe?

• soldiers

• farmers

• artisans

• industrialists