Economic Theories
What economic system is based on private ownership and profit?
Capitalism
What natural resource was abundant in Britain and fueled the Industrial Revolution?
Coal
What term describes the movement of people from rural areas to cities during the Industrial Revolution?
Urbanization
The Industrial Revolution began in which country?
Great Britain
Which invention allowed factories to be powered without relying on water?
What does the term division of labor mean?
Splitting up the work to produce faster.
Name the key transportation development that transformed British trade and travel during the Industrial Revolution
What social class emerged during the Industrial Revolution and included factory owners and industrialists?
Bourgeoisie
What role did Matthew Perry play in spreading industrialization?
He helped end isolationism in Japan
True or false: Only positive effects came from the industrial revolution.
False.
This economic theory advocates sharing wealth earned and sharing property.
Communism
Name one geographic advantage that allowed Britain to industrialize first.
Access to large bodies of water and harbors, natural resources
The shift from an economy based on farming and handicrafts to an economy based on manufacturing by machines in factories
Industrialization
The Industrial Revolution spread most quickly to this region of Europe after Britain.
Western Europe
What is women Suffrage?
The right to vote
Which Two thinkers co-authored the Communist Manifesto?
Karl Marx and Friedrich Engels
What was the Domestic System?
Workers working in their homes to produce goods.
What event in Ireland caused mass migration and highlighted the consequences of British economic policies?
Irish Potato Famine
Which Asian country resisted industrialization but later adopted it in the late 19th century during the Meiji Restoration?
Japan
What was the Japanese policy of Sakoku?
This was a Japanese policy of isolation which led them to limit foreigners from entering Japan, and restricting trade with Europeans
What is the name of the economic phenomenon where industrialized nations rely on raw materials from colonies?
Mercantilism
The British Parliament passed this act in 1847 to address long working hours in factories
The 10 hour act
What was the term for the working-class individuals who labored in factories and mines?
Proletariat
How did industrialization impact urbanization in continental Europe during the 19th century?
Led to rapid growth of cities due to people migrating looking for jobs
What were some reason why children were employed in factories.
They were obedient, could be paid less, had no education, need to work to support their families