Industrial Revolution

Adam Smith supported what economic philosophy?

• Socialism

• Communism

• Capitalism

• Democracy

What was the result of the Agriculture Revolution?

• There were more farms that produced less food.

• Communism will form in some countries because of the shortage of food.

• The Communist government will start to form

• There will be fewer farms and more food is produced.

Which of the following are characteristics of socialism? Check all that apply.

• people can own smaller business

• The government does not interfere with the economy

• Wealth is distributed to everyone equally

• Goods are distributed based on needs

• Some government control

Which of the following terms means the government does not interfere?

• Capital

• Laissez-Faire

• Communism

• Socialism

Which of the following means enclosure movement?

• fencing off the common lands

• money

• Capitalism

• Means of Production

Which of the following is NOT a means of production?

• Money

• Natural Resources

• Government

• Workers

As the Industrial Revolution began, where did most people live?

• CIties

• Small villages

• By lakes

• On he coast

Which phrase best illustrates the theory of laissez-faire capitalism?

• businesses operating with little government regulation

• the state establishing production quotas

• central planning committees setting prices on goods

• decisions related to distribution being based on community traditions

A major reason the Industrial Revolution developed in Great Britain in the 1700s was because of Great Britain’s

• rivers that were used for transportation

• access to imported oil

• use of collectivization

• immigration policies

Which geographic feature most aided England during the Industrial Revolution?

• desert climate

• Monsoon Winds

• Mountainous terrain

• Natural resources