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

__________ 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

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

Which of the following is considered an impact of Industrialization during the 18th and 19th centuries? Increased competition between industrialized nations, Rise of global inequalities, Transformation of society.

Back

All of the above

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

__________________ predicted a violent revolution that would result in the working class taking over in a classless political and economic systems known as communism.

Back

Karl Marx

Front

The Steam engine

Back

was originally invented to pump water out of coal mines