5.3 Industrialization Begins, Vocab

The process of increasing the proportion of people living in urban areas is called:

• Urbanization

• Industrialization

• Proletariat

• Capitalism

The economic and political system in which a country's trade and industry are controlled by private owners for profit is called:

• Capitalism

• Socialism

• Proletariat

• Mercantilism

The method of manufacturing in which machines are used to perform all or most of the work is called:

• Laissez-faire

• Factory system

• Technological advancements

• Industrial Revolution

The economic theory from the 18th century that holds that economies function most efficiently when unencumbered by government regulation is called:

• Mercantilism

• Technological advancements

• Laissez-faire

• Industrial Revolution

The period of significant industrial development, primarily in Britain, during the late 18th and early 19th centuries is called:

• Urbanization

• Capitalism

• Proletariat

• Industrial Revolution

The process by which businesses or other organizations develop international influence or start operating on an international scale is called:

• Globalization

• Industrialization

• Mercantilism

• Laissez-faire

The working class, especially the industrial working class, who do not own the means of production and must sell their labor to survive is called:

• Urbanization

• Proletariat

• Technological advancements

• Capitalism

The process of social and economic change that transforms a human group from an agrarian society into an industrial one is called:

• Urbanization

• Proletariat

• Industrialization

• Capitalism

The application of scientific knowledge for practical purposes, especially in industry is called:

• Mercantilism

• Industrial Revolution

• Technological advancements

• Laissez-faire

The economic theory and system that is based on the belief that the prosperity of a nation depends on its supply of capital, and that the global volume of trade is unchangeable is called:

• Capitalism

• Proletariat

• Urbanization

• Mercantilism