Reforms in Industrial Revolution

What is the main idea of the passage?

• The Industrial Revolution led to economic, social, and political reforms.

• The Industrial Revolution caused widespread poverty.

• The Industrial Revolution was a failure.

• The Industrial Revolution only benefited the wealthy.

What does the term 'laissez-faire' mean?

• Government intervention in business.

• Letting owners of industry set working conditions without interference.

• A system of heavy tariffs on foreign goods.

• A cooperative system of agriculture.

Who wrote 'The Wealth of Nations'?

• Karl Marx

• Adam Smith

• David Ricardo

• Thomas Malthus

What did Thomas Malthus argue in his essay?

• Population growth would lead to prosperity.

• Population growth would outpace food supply.

• Government should regulate the economy.

• Workers should form unions.

What is socialism?

• An economic system where the means of production are privately owned.

• An economic system where the community or state owns the means of production.

• A system of unregulated capitalism.

• A system of heavy tariffs on foreign goods.

What did Karl Marx predict about capitalism?

• It would lead to widespread prosperity.

• It would eventually destroy itself.

• It would eliminate poverty.

• It would create a perfect society.

What is the main difference between capitalism and socialism?

• Capitalism is based on public ownership, socialism on private ownership.

• Capitalism focuses on individual profit, socialism on community welfare.

• Capitalism eliminates poverty, socialism creates inequality.

• Capitalism is a cooperative system, socialism is competitive.

What was the purpose of labor unions?

• To support factory owners.

• To negotiate better working conditions and pay.

• To promote laissez-faire policies.

• To eliminate competition in the market.

What was the Factory Act of 1833?

• A law that banned all child labor.

• A law that made it illegal to hire children under 9 years old.

• A law that limited women's working hours.

• A law that abolished slavery.

What was the goal of the Ten Hours Act of 1847?

• To limit the workday to ten hours for all workers.

• To limit the workday to ten hours for women and children.

• To abolish child labor.

• To promote socialism.