Industrial Revolution Final

What is industry?

• the process of learning how to make goods by hand

• the processing of raw materials and manufacture of goods in factories.

• investing in a factory

• New inventions

What is an entrepreneur?

• a person who works in a factory for a large corporation

• a person who buys goods and shops online

• a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so

• A person who avoids consumerism and only works for themself

People who buy products are called...

• parasites

• consumers

• vendors

• Merchants

How did urbanization contribute to overcrowding during industrialization?

• Urbanization had no impact on overcrowding during industrialization.

• Urbanization led to the construction of more housing, reducing overcrowding.

• Urbanization attracted large numbers of people to cities, leading to a shortage of housing and increased population density.

• Urbanization caused people to move away from cities, reducing population density.

What was the main goal of labor unions during the rise of industrialism?

• To decrease wages and working conditions for workers

• To promote child labor and unsafe working conditions

• To eliminate labor unions and increase the power of employers

• To improve working conditions, increase wages, and protect workers' rights.

How did social inequality and class divisions manifest during industrialization?

• The concentration of wealth and power in the hands of industrial capitalists and the exploitation of the working class.

• The elimination of social classes and the establishment of a classless society.

• The equal distribution of wealth and power among all social classes.

• The collaboration and cooperation between industrial capitalists and the working class.

What are the different economic systems that emerged during industrialization?

• capitalism, socialism, communism

• feudalism, mercantilism, anarchy

• monarchy, democracy, oligarchy

• fascism, totalitarianism, dictatorship

What were some of the challenges faced by workers in factories during industrialization?

• Long working hours, low wages, dangerous working conditions, lack of job security, and poor living conditions.

• No challenges faced by workers in factories during industrialization.

• Flexible working hours, high wages, comfortable working conditions, job security, and good living conditions.

• Short working hours, high wages, safe working conditions, job security, and luxurious living conditions.

The cottage industry

• is small scale industry, where people made goods in their homes.

• is the process of making cottage cheese.

• Inventing new technology to help with work

• Building small homes (cottages)

What were the key characteristics of capitalist economic systems during industrialization?

• Private ownership of means of production, loss motive, monopoly, forced labor, and gift exchange.

• State ownership of means of production, social motive, collaboration, indentured servitude, and command economy.

• Public ownership of means of production, charity motive, cooperation, slavery, and barter exchange.

• Private ownership of means of production, profit motive, competition, wage labor, and market exchange.