What are the three factors of production mentioned in the Industrial Revolution notes?

• Land, Labor, Capital

• Money, Machines, Materials

• Technology, Time, Talent

• Resources, Revenue, Risk

What was the effect of the industrial revolution on cities?

• Decreased population growth

• Population grew faster than housing supply

• Improved housing conditions

• Reduced urbanization

Which of the following is a similarity between small farmers of the agricultural revolution and the working class of the industrial revolution?

• Both had increased leisure time

• Both endured long hours

• Both experienced improved job security

• Both had higher wages

What was one of the early improvements of the Industrial Revolution?

• Decreased transportation options

• Improved quality of clothing

• Reduced average person's diet

• Increased job losses

Which of the following was an early increase during the Industrial Revolution?

• Decrease in urbanization

• Shorter work days

• Increase in the size of the middle class

• Reduction in transportation

Who defended the free-market system of capitalism in his book, 'The Wealth of All Nations'?

• Karl Marx

• John Maynard Keynes

• Adam Smith

• David Ricardo

What was a common experience for both small farmers and the working class during the industrial revolution?

• Increased job security

• Suffered job losses due to progress

• Higher wages

• Improved working conditions

Which of the following was NOT an early improvement of the Industrial Revolution?

• The average person's diet

• The quality of clothing

• Transportation

• Decrease in urbanization

What did Adam Smith defend in his book?

• Socialism

• Communism

• Free-market capitalism

• Feudalism

What was a result of the industrial revolution on the working class?

• Increased job security

• Lived in climates of social restructuring

• Decreased working hours

• Improved living conditions