Industrial Revolution & Economic Systems Review

Highly developed banking and investment systems are examples of what type of industrial effect?

• Political

• Social

• Economic

• Healthy

This enabled Britain to stay out of the Napoleonic wars and the revolutions of the 1830s and 1840’s; it includes the resources, location

• Colonial Empire

• Government

• Geography

• Social Factors

A massive movement to the cities by people during the 19th century

• Socialization.

• Communism

• Suburbanization

• Urbanization

When the government takes control of the resources and tries to evenly distribute goods to all, but there is still some private ownership:

• Communism

• Traditional Economy

• Capitalism

• Socialism

This event marked the beginning of the Agricultural Revolution

• Cottage Industry

• Enclosure Movement

• Industrial Revolution

• Crop Rotation

Water is an example of this type of resource:

• Solar

• Non-Renewable

• Renewable

• Capital

Land, Labor and ______________ are the factors of production

• Communism

• Capital

• Consumers

• Society

The first industry to undergo Industrialization:

• Railways

• Textiles

• Agriculture

• Coal

Skilled workers, professionals and business people made up this new group:

• Wealthy

• Upper Class

• White collar workers

• Middle Class

This outlined the flaws of Capitalism and their vision for the future, according to Marx and Engle’s

• Wealth of Nations

• Common Sense

• The Age of Capital

• Communist Manifesto