Industrial Revolution

What is the movement of people from farms to cities?

• Utilitarianism

• Urbanization

• Proletariat

• Enclosure Movement

A place where people and machines join together to mass produce goods.

• Cartel

• Corporation

• Factory

• Urbanization

The Industrial revolution created a new ________ class.

• Upper

• Poor

• Lower

• Middle

__________ is known as the Father of modern economics, who theorized Laissez-Faire, the idea that the market should have no political interventions?

• Adam Smith

• Karl Marx

• Thomas Malthus

• Frederick Engels

In which European country did the Industrial Revolution begin?

• France

• Britain

• Prussia

• Spain

Some of the machines invented in the 18th and 19th centuries are:

• telephones, geographic positioning system, radios, airplanes

• steam engine, railroads, flying shuttle, phonograph, steam ships, light bulb

• sailboats, automobiles, wheelbarrows, clocks, word processors

• automatic washer, hair dryer, rockets, space shuttles

What is capital?

• The physical buildings and equipment of a business
• Wealth used for investment

• Money used for starting a business
• A city that serves as the seat of government

What is an entrepreneur?

• A person who invests in the stock market
• A person who works for a company
• A person who studies business management
• A person who starts and manages a business, taking on financial risks

What is the cottage industry?

• A large-scale, centralized manufacturing business operated out of a factory.
• A type of industry that focuses on producing and selling textiles.

• Small-scale manufacturing operating out of a home or small workshop.

Who invented the Spinning Jenny?

• James Hargreaves
• Thomas Edison
• Edmund Cartwright