Industrial Revolution Review

Who argued that markets free from government interference would benefit everyone?

• Karl Marx

• Adam Smith

• Sadler Report

• Iron Law of Wages

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What is the economic system based on private (individual) ownership of business?

• Communism

• Socialism

• Capitalism

• Laissez-faire

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What is the production method that breaks down a complex job into a series of smaller tasks?

• Cottage industry

• Factory system

• Assembly line

• Enclosure movement

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What is the term for money available for investment and anything that can be used to make something else?

• Bourgeoisie

• Capital

• Entrepreneur

• Labor

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Which country is considered the birthplace of the Industrial Revolution?

• France

• Germany

• Great Britain

• United States

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What is the period of rapid growth in the use of machines in manufacturing and production called?

• Agricultural Revolution

• Market Economy

• Industrial Revolution

• Population Explosion

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Who co-authored the Communist Manifesto in 1848?

• Adam Smith

• Karl Marx

• Sadler Report

• Iron Law of Wages

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What is the effort that people devote to a task for which they are paid called?

• Labor

• Capital

• Entrepreneur

• Bourgeoisie

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What are organizations designed to represent the interests of workers called?

• Labor Unions

• Cottage industry

• Factory system

• Enclosure movement

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What is the policy that government should not interfere in the nation's economy called?

• Communism

• Socialism

• Capitalism

• Laissez-faire

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