Economic Responses to the Industrial Revolution

In which country did the Industrial Revolution begin?

• The United States

• England

• France

• Germany

Who wrote Wealth of Nations and supported Laissez-Faire economics?

• Adam Smith

• David Ricardo

• Thomas Malthus

• John Wesley

Which statement about the early years of the Industrial Revolution is true?

• Children were not allowed to work in the mines during the Industrial Revolution

• Work conditions improved quickly

• There were no labor laws that prevented children from working

• Children were allowed to work but they were treated fairly.

He was the most important socialist, political thinker in modern history - He believed a complete overthrow of the system was necessary. The wealthy factory owners and big corporations profited off the poor and exploited workers.

• Karl Marx

• Samuel Luddite

• Robert Owen

• John Snow

The economic theory of _______ says that individuals should operate businesses with minimal government interference.

• socialism

• communism

• mercantilism

• laissez-faire

Which of the following does NOT relate to a "Free Market" economy?

• Laissez faire

• Private Ownership

• Public ownership

• Adam Smith

Which Group would agree with the philosophy of Capitalism?

• Aristocrats

• Factory owners

• Karl Marx

• Absolutists

Which of the following described history as a conflict between the "haves" (bourgeoisie) and the "have-nots" (proletariat)?

• Adam Smith

• John Stuart Mill

• Voltaire

• Karl Marx

Inventions such as the power loom, spinning jenny, flying shuttle, and water frame were all built to help the _____________ industry.

• mining

• textile

• forestry

• automobile

__________________ built the first steam engine to remove water from mines; ______________ improved upon it to make a significant improvement to the Industrial Revolution.

• Thomas Newcomen; James Watt

• Richard Arkwright; Eli Whitney

• James Watt; Richard Arkwright

• Richard Arkwright; James Watt