Exploring the Industrial Revolution and Economic Systems

What is the main focus of Unit 3.4?

• Technological advancements

• Economic ideas

• Social changes

• Political movements

What does Adam Smith's theory of 'laissez-faire' advocate?

• Government control over businesses

• Free market with minimal government intervention

• Equal distribution of wealth

• State ownership of all businesses

According to Adam Smith, what should determine the wages of workers?

• Employer's discretion

• Worker unions

• Market forces

• Government regulations

Who co-authored 'The Communist Manifesto' with Karl Marx?

• Adam Smith

• David Ricardo

• John Locke

• Friedrich Engels

What is the primary conflict in Marx's theory of history?

• Consumers vs. Producers

• Government vs. Businesses

• Workers vs. Owners

• Nobles vs. Farmers

What did Marx predict would happen between workers and owners?

• Workers would overthrow the owners

• Government would intervene

• Owners would improve working conditions

• Workers would accept their conditions

What was one of the key reforms introduced to address industrial society's inequalities?

• Privatization of industries

• Introduction of new currencies

• Granting the right to vote

• Abolition of taxes

What is the purpose of labor unions?

• To reduce the number of workers

• To support business owners

• To negotiate better wages and conditions collectively

• To increase competition among workers

Why was public education introduced during the Industrial Revolution?

• To promote religious education

• To support business owners

• To increase factory productivity

• To reduce the number of child workers

What does the term 'abolition' refer to in the context of the Industrial Revolution?

• Ending child labor

• Ending government regulations

• Ending public education

• Ending slavery