Industrial Revolution

A person who organizes, manages, and takes on risks of business is known as

• Entrepreneur

• Capitalist

• Business Owner

• CEO

Industrial Revolution is the period of time in which we transitioned from making products with our hands to mass producing them with machines.

• True

• False

New economic system that replaced mercantilism in Britain and later the rest of Western Europe.

• Market

• Monopoly

• Communism

• Capitalism

Railroad that connected the east and west of the United States

• Trans-Siberian Railroad

• Union Pacific Railroad

• Trans-Continental Railroad

• Central Pacific Railroad

The shift from rural areas to large cities

• Rural

• Urbanization

• Industrialization

• Crowded Cities

Taxes paid on imports and exports

• Tariffs

• Import Tax

• Export Tax

• Domestic Tax

Which one is not a factors of production required for industrialization

• Land

• Labor

• military

• capital

Japan's slow industrialization was the result of

• Wanting to preserve their culture

• Slow response

• Reforms against corruption

• Reforms to industrialize

Which of the following best describes an important difference between Karl Marx’s theory of socialist revolution and that of V. I. Lenin?

• Only Marx stressed the importance of the “class struggle” in history.

• Only Marx stressed the primary role of the industrial proletariat.

• Only Marx thought that a socialist revolution must be achieved through parliamentary reform.

• Only Lenin argued that the workers’ revolution would have to be led by professional revolutionaries.

What five nations joined Great Britain in industrializing during the Second Industrial Revolution? 

• France, Germany, U.S., Japan, Russia

• Spain, France, Germany, Russia, U.S.

• Germany, U.S., France, Austria Hungry, Russia

• Japan, Russia, France, Spain, Austria Hungry