Topic 5: The Industrial Revolution Vocabulary

Who wrote the book 'The Wealth of Nations' which inspired capitalism?

• John Locke

• Adam Smith

• Karl Marx

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Which economic system is based on private property and free enterprise?

• Laissez-faire

• Socialism

• Communism

• Capitalism

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Which economic system abolishes private ownership and advocates total equality among all citizens?

• Laissez-faire

• Capitalism

• Communism

• Socialism

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What is crop rotation?

• A system of growing a different crop in a field each year to preserve the fertility of the land

• A building or group of buildings where goods are manufactured or assembled chiefly by machine

• One of the fenced-in or hedged-in fields created by wealthy British landowners

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What is enclosure?

• A person who organizes and operates a business or businesses

• One of the fenced-in or hedged-in fields created by wealthy British landowners

• A system of growing a different crop in a field each year to preserve the fertility of the land

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Who organizes and operates a business or businesses?

• An entrepreneur

• A factory worker

• A landowner

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What are the factors of production?

• Entrepreneurs, machines, and products

• Land, labor, and capital

• Goods, services, and money

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What is the primary purpose of a factory?

• To provide housing for workers

• To manufacture or assemble goods using machines

• To serve as a storage facility for raw materials

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What was the Industrial Revolution?

• A period of rapid growth in the use of machines in manufacturing and production that began in the mid-1700s

• The development of new framing techniques in a country or region on a wide scale

• An economic system in which society, usually in the form of the government, owns and controls the means of production

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Which term best describes industrialization?

• The transformation from an agrarian to an industrial society

• The change from barter trade to a currency-based economy

• The shift from feudalism to capitalism

• The movement from rural areas to urban centers

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OH-MWH 8