Capitalism and the Industrial Revolution: Economic Shifts and Social Impact

The video discusses capitalism, a system where capitalists invest in production for profit, and its main features as outlined by Hobson. It then explores the industrial revolution, a pivotal change in production methods, and its spread across Western Europe and America. The video concludes with the social and economic consequences of the industrial revolution, including global trade dominance, colonization, and economic imperialism, which eventually led to world wars.

What is the primary goal of production in a capitalist system?

• Immediate consumption

• Charitable distribution

• Profit generation

• Resource conservation

In capitalism, who sells their labor power to the capitalists?

• The aristocracy

• The proletariat

• The government

• The entrepreneurs

Which of the following is NOT a feature of capitalism?

• Use of machinery

• Immediate consumption

• Big markets

• Large-scale production

How is the Industrial Revolution characterized in terms of its impact on production?

• A minor adjustment

• A gradual and peaceful change

• A temporary shift

• A sudden and violent change

What was a significant change brought by the Industrial Revolution in Western Europe and America?

• Rise of agricultural dominance

• Decline in industrial output

• Shift to factory-based production

• Increased home-based production

Which country held a dominant position in world trade during the Industrial Revolution?

• Spain

• England

• Germany

• France

What was one of the economic consequences of the Industrial Revolution?

• Decrease in international trade

• Increased competition for raw materials

• Reduction in colonization

• Stability in global markets

Which country became industrially developed by the 19th century and joined the global competition?

• India

• Brazil

• China

• Japan

What was a long-term result of the economic imperialism that followed the Industrial Revolution?

• World wars

• Cultural isolation

• Global peace

• Economic equality