Industrial Revolution Quiz

What was the Industrial Revolution?

• A short, rapid change that had little impact on society

• A long, slow process that completely changed the way goods were produced and where people lived and worked

• A political movement that only changed where people worked

• A cultural event that changed the way people spent their leisure time

What does the term 'capital' refer to in the context of the Industrial Revolution?

• A city where the government is based

• The machinery used in factories

• Invested money usually to start a business

• The process of moving to urban areas

What is a capitalist?

• A person who works in a factory.

• A person who invests in a business to make a profit.

• A person who lends money.

• A person who makes muskets.

What does the term 'profit' mean?

• The amount of goods available.

• The money borrowed to invest in a business.

• The difference between the cost of a good and its selling price.

• The limited supply of goods.

What does 'supply' refer to in economic terms?

• The difference between cost and selling price.

• The amount of goods available.

• Borrowed money.

• Women working in factories.

What does 'scarcity' mean?

• The amount of goods available.

• The difference between cost and selling price.

• A limited supply, resulting in high prices.

• Borrowed money.

What are interchangeable parts?

• Parts that save time and money and can be interchanged to fix identical items.

• The difference between cost and selling price.

• The amount of goods available.

• Borrowed money.

What does 'credit' refer to in economic terms?

• The amount of goods available.

• The difference between cost and selling price.

• Borrowed money.

• Parts that can be interchanged to fix identical items.

Who were the Lowell Girls?

• Women who invested in businesses to make a profit.

• Women who worked in factories and mills, starting to earn money and gain independence.

• Women who lent money.

• Women who made muskets.

Identify who invented interchangeable parts.

• Thomas Edison

• Alexander Graham Bell

• Eli Whitney

• Henry Ford