Origins of Industrialization
Where did the Industrial Revolution first take place?
England
What is the term used to describe people moving from rural, agricultural lands to cities?
Urbanization
What non-European country industrialized directly after the country if its origin?
USA
Who wrote "The Wealth of Nations" in 1776?
Adam Smith
What area of the economy had to have its own revolution to allow the Industrial Revolution to take place?
Agriculture
What group of people were the most "taken advantage of" in England during the times of the Industrial Revolution?
Children
Where were the first textile factories located in the US?
Massachusettes
An 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 industry did the Industrial Revolution first affect?
Textiles
What new social class grew during the Industrial Revolution between the "aristocrats" and the "poor".
Middle Class
What is the type of company that sells ownership in the company in the form of stock?
Corporation
An economic system in which the factors of production are owned by the public (government) and operate for the welfare of all
Socialism
What invention led to the development of new methods of water and land transportation?
The Steam Engine (James Watt)
Name a city in England affected by the Industrial Revolution
Answers vary...Liverpool, Manchester, London
Name a country in Europe that industrialized aside from the country in which the Industrial Revolution originated
Germany...France...Spain...Belgium
An economic system in which all land, industries, and businesses—would be owned by the PEOPLE. Private property would in effect cease to exist. All goods and services would be shared equally. No need for government.
Communism
What two natural resources allowed England to get a head start on the Industrial Revolution?
Coal and Iron
Name a long-term negative consequence of the Industrial Revolution
Environmental Pollution
Name an ECONOMIC issue that arose due to rapid advancements in industrialization
Wealth Inequality
Who wrote "The Communist Manifesto"?
Karl Marx