Cause and effect
What are the effects of the Agricultural Revolution?
a.
an overall increase in agricultural yields per acre.
b.
improved nutrition and health.
c.
population growth and increased demand for food and basic goods.
The economic system that seeks to eliminate private property and competition is known as
socialism.
James Watt was vital to the Industrial Revolution for his invention of
a rotary engine that could spin and weave cotton.
The industrial Revolution began when?
1750
Steam engines were powered by
coal
To keep their industrial monopoly, Britain attempted to
prohibit industrial artisans from going abroad.
The economic system in which the factors of production are privately owned and money is invested in business ventures to make a profit is known as
capitalism
What are Adam Smith's Three Natural Laws of Economics?
Self-Interest
Competition
Supply & Demand
Britain's cotton industry in the late eighteenth century was responsible for what?
the creation of the first modern factories.
A frequent method used to make the children working in British factories obey the owner's factory discipline was
repeated beatings.
The rise of the industrial factory system deeply affected the lives and status of workers who now
worked for a daily wage rather than controlling the means of production.
The economic policy that favors a free market unregulated by the government is known as
laissez faire
Which one of the following men established the first textile factory using water-powered spinning machines in Rhode Island in 1790?
Samuel Slater
Industrialization began in Britain because of what?
a rapid population growth and a surplus labor pool.
an expanding economy, stable banking system, private investment, and growing trade.
plentiful natural resources including streams, rivers, iron ore, and coal deposits.
During the second half of the eighteenth century, the import of raw cotton into Britain
increased dramatically
What was the affect of Urbanization in the first half of the nineteenth century
was a phenomenon directly tied to industrialization.
The "Second Industrial Revolution" occurred when?
after 1850 and was characterized by iron, steel, oil, and electricity.
The method attempted by early socialists like Charles Fourier and Robert Owen was
the creation of small utopian societies.
What inventions were important to the industrialization of British cotton manufacturing?
Arkwright's spinning frame.
Hargreaves' spinning jenny.
Cartwright's power loom.
The early center of American industrialization was
the Northeast
An economic affect of industrialization was
the growth of corporations such as Standard Oil and U.S. Steel.
Jeremy Bentham's utilitarianism was based on the principle that the government
promote the greatest good for the greatest number of people.
The development of the railroads in the Industrial Revolution was important in
connecting industrial areas to larger markets.
Industrial Revolution on the Continent occurred between 1815 and 1850 in
Belgium