Industrial Revolution Quiz

What was the primary transformation during industrialization?

• From industry to agriculture

• From technology to agriculture

• From primarily agricultural to industry and technology based

• From industry to technology

When did the First Industrial Revolution occur?

• Late 1600s to mid-1700s

• Late 1700s to mid-1800s

• Late 1800s to mid-1900s

• Late 1900s to mid-2000s

What was the first power source used in the factory system during the First Industrial Revolution?

• Coal steam power

• Electricity

• Water wheel power

• Solar power

What characterized the Second Industrial Revolution?

• Textiles and water power

• Oil, steel, and electricity

• Agriculture and manual labor

• Wood and wind power

Diagram showing the impacts of the Second Industrial Revolution, including expansion of railroads, development of steel and oil industries, and more.

• Expansion of railroads, development of steel and oil industries

• Decline of agriculture, rise of digital technology

• Growth of the textile industry, decrease in urbanization

• Increase in manual labor, reduction in factory production

What is the US economy primarily based on?

• Socialism

• Communism

• Capitalism

• Feudalism

Who wrote "The Wealth of Nations" in 1776?

• Karl Marx

• John Maynard Keynes

• Adam Smith

• Milton Friedman

What is another name for a free market economy?

• Command economy

• Mixed economy

• Free enterprise

• Traditional economy

Which of the following is a characteristic of capitalism?

• Government ownership of businesses

• Equal distribution of wealth

• Private ownership of businesses

• Central planning

What type of policies are associated with capitalism?

• Strict government regulation

• Laissez-faire policies

• High taxation

• Centralized control