Free Enterprise & Industrialization

What was one reason America had to become more industrialized after the War of 1812?

• To reduce taxes

• To increase trade with Britain

• To improve relations with other countries

• To produce goods domestically

In a free enterprise system, who typically owns businesses?

• Private individuals

• The government

• Foreign investors

• Community organizations

Which of the following is a characteristic of capitalism?

• Fixed prices

• Private ownership

• High government control

• No competition

What is a key difference between cottage industries and factory systems?

• Cottage industries have lower quality products

• Cottage industries produce more goods

• Factory systems produce goods faster

• Factory systems rely on handmade goods

What was one negative effect of urbanization during the Industrial Revolution?

• Increased rural population

• Decreased job opportunities

• Overpopulation in cities

• Improved air quality