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- 1. Multiple Choice
The four factors of production that were vital to the Industrial Revolution and the start of any business include each of the following EXCEPT
land
labor
capital
entrepreneurs
investors
- 2. Multiple Choice
The term laissez-faire roughly translates to mean
leave alone
resist
freedom
control
- 3. Multiple Choice
The ability to have necessities of life, such as food, clothing, and shelter and wants like vacations, concerts, and other amusements is referred to as
middle class
upper class
standard of living
purchasing power
- 4. Multiple Choice
The process of an area growing larger, with an increase in population, production of goods and services, and availability of a variety of options to fulfill one's wants and needs is called
industrialization
urbanization
materialism
commercialism
- 5. Multiple Choice
During the Industrial Revolution, a new social and economic class that developed was the
serfs
rich, or the upper class
expanded lower class
middle class
- 6. Multiple Choice
In the early days of the Industrial Revolution, which item was manufactured in great numbers at newly built factories?
textiles
industrial machines
cars
household goods like cookware
- 7. Multiple Choice
Which of the following best defines the term capital when referencing the Industrial Revolution?
a city where industrial production increased, became an important city for a nation's economy
money, equipment, and/or resources that were used in the production of goods
a type of investment that helped a factory or business get started
none of these best define capital
- 8. Multiple Choice
Karl Marx spelled out how he believed that workers should rise up against factory owners, outlining the basic principles of
capitalism
socialism
communism
command economies
- 9. Multiple Choice
Which of the following best describes industrialization?
nations began to rely on one another for trade of various goods and resources after the beginning of the Industrial Revolution
smaller nations needed assistance from their larger neighbors, so they formed trade alliances
more and more people began to move to cities, away from rural areas
advancement in technology to produce goods on a larger scale and a reliance on manufacturing of goods instead of individuals producing goods themselves
- 10. Multiple Choice
Why was England the site of the beginnings of the Industrial Revolution?
England was the most powerful nation in the world
It wasn't; history has unfairly given England credit for the Industrial Revolution
England had an abundance of natural resources such as coal, iron ore, and waterways where water wheels and steam engines could be built
England was centrally located to many areas like France, Germany, Spain, and Ireland, giving them an advantage to bring in resources and talent from many places
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