Impact of Industrialization DOL

Which of the following is NOT a positive effect of Industrialization?

• increase in rich-poor gap

• encourage new technologies

• increased jobs

• development of strong middle class

Who believed that businesses operated in a free economy based on competition, profits, supply & demand

• George Bush

• Adam Smith

• Karl Marx

• Adolf Hitler

The economic system in which the factors of production are privately owned and individuals invest in order to make a profit best describes:

• Capitalism

• Socialism

• Communism

• Republican

What is the development and movement of people into cites called?

• City-state

• Capitalism

• Urbanization

• Factories

Karl Marx disliked capitalism because he believed that it

• Limited the individual freedoms of the people.

• Created prosperity for a few and poverty for many.

• Prevented government for protecting workers.

• Was good for the majority of the people.