Economic Industrial Age

1. With which statement would Adam Smith most likely agree?

• Revolution is the only solution to a country's economic problems.

• Government should interfere as little as possible in the economy.

• Elimination of most agriculture is necessary in order to industrialize.

• Mercantilism is the best policy to promote economic growth.

2. What was the result of allowing people and businesses to follow their own self-interests?

• Governments would allow people to own their business because of government intervention

• Economic freedom guides society toward economic stability and harmony.

• Revolutionaries would rise up, causing people to revolt against their oppressors

• People will revert back to Feudalism because people need the protection of the king.

3. What did Karl Marx and Friedrich Engels believe would result when communism finally emerged as the dominant political and economic system?

• Only two classes would exist in society

• Workers would abolish private property.

• Central governments would gain in strength.

• Citizens would own their individual homes and farms.

4. Which is NOT a political Impact of the Industrial Revolution?

• Reform movements demanded social change, such as a 10-hour work day and a ban on child labor.

• Reform movements demanded social change, such as a 10-hour work day and a ban on child labor.

• Middle class supported reforms in England, like the Reform Bill of 1832 .

• Mass production of goods made them more available and cheaper.

5. What societal problem did Karl Marx attempt to address in his manifesto? Choose the best answer.

• The low quality of good produced at large factories.

• The fact that poor people were not allowed to vote.

• The exploitation of the poor by the rich

• Unfair laws that allow poor people to be sent to prison