Topic 7 Vocabulary Quiz

Period beginning in the 1700s in which production shifted from simple hand tools to complex machinery and sources of energy shifted from human or animal power to steam and electricity, is called...

• Impressionism

• Industrial Revolution

• Humanism

• Feudalism

Money or wealth used to invest in business or enterprise is called...

• capital

• enterprise

• entrepreneur

• urbanization

Person who assumes the financial risk in the hope of making a profit is called...

• Enlightened despot

• Etruscan

• Entrepreneur

• Duma

Movement of people from rural area to cities was called...

• ultimatum

• untouchable

• usury

• urbanization

Multistory building divided into crowded apartments built primarily to serve as dorms for factory workers is called a...

• tenement

• apartment

• slum

• ghetto

The organization of workers who bargain for better pay and working conditions is called...

• labor union

• La Reforma

• revolution

• guerrilla

The level of material goods and services available to people in a society is called...

• standard of living

• standard of saving

• standard of attaining things

• standard of goods

....is the idea that the goal of society should be to bring about the greatest happiness for the greatest number of people.

• communism

• socialism

• utilitarianism

• social democracy

...is the system in which the people as a whole rather than private individuals own all property and operate all businesses.

• utlitarianism

• socialism

• communism

• social democracy

...is a form of socialism advocated by Karl Marx; Marx believed class struggle was inevitable and would lead to the creation of a classless society in which all wealth and property would be owned by the community as a whole.

• utilitarianism

• socialism

• communism

• social democracy