Industrial Revolution

Front

What is the movement of people from farms to cities?

Back

Urbanization

Front

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

Back

Factory

Front

The Industrial revolution created a new ____________ class.

Back

Middle

Front

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

Back

Adam Smith

Front

In which European country did the Industrial Revolution begin?

Back

Britain

Front

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, wheel barrels, clocks, word processors; automatic washer, hair dryer, rockets, space shuttles.

Back

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

Front

Impact of Industrialization during the 18th and 19th centuries?

Back

All of the above: Increased competition between industrialized nations, Rise of global inequalities, Transformation of society.

Front

Capitalism is

Back

An economic system in which the means of production are privately owned and money is invested to make profits.

Front

Socialism is

Back

an economic system in which the factors of production are owned by the public and operate for the welfare of all.

Front

Who designed the first efficient steam engine? Options: James Hargreaves, John Kay, Richard Arkwright, James Watt

Back

James Watt