5.7 Economic Developments and Innovations

Which individual would most likely have agreed with the views expressed by Rockefeller on business combinations?

• James Hargreaves
• James Watt
• Gugliemo Marconi
• Cecil Rhodes

Which statement summarizes an important difference between Rockefeller and Enlightenment thinkers?

• The perspective that an action could be "forced upon us" by others
• The desire to end traditional practices that led to "wasteful conditions"
• The conclusion that an innovation could have impact "all over the world"
• The belief that "individualism is gone."

Which example provides support for the claims made by Rockefeller?

• The Krupp steel industry in Germany.
• The decline of the Ottoman Empire
• The rise of cottage industries
• The support for the American Declaration of Independence

Describe ONE way in which ideas form the period of 1750-1900 contributed to the development of the consumer.

Explain ONE way in which industrialization influenced the consumer revolution in the period 1750-1900.

Explain ONE way in which capitalism influenced the consumer revolution in the period 1750-1900.

Explain ONE way in which Western European countries changed a previous economic system in the period 1750- 1900.

Explain ONE way in which free-trade policies affected a cultural structure in the period 1750-1900.

Explain how an economic event in the 18th century influenced the economic ideas of Adam Smith.

Two developments during the 1750 to 1900 have earned the term "revolution." These are the agricultural revolution in Britain and the Industrial Revolution. Answer the questions above about each revolution to explain the relationship between them.