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What is the movement of people from farms to cities?
A place where people and machines join together to mass produce goods.
The Industrial revolution created a new ____________ class.
__________ is known as the Father of modern economics, who theorized Laissez-Faire, the idea that the market should have no political interventions?
In which European country did the Industrial Revolution begin?
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
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.
All of the above
An economic system in which the means of production are privately owned and money is invested to make profits.
An economic system in which the means of production are owned by the public (government) and operate for the welfare of all.
__________________ predicted a violent revolution that would result in the working class taking over in a classless political and economic systems known as communism.
The Steam engine
was originally invented to pump water out of coal mines
originally used petroleum to function
was originally invented to improve transportation
originally used electricity to function