Describe the governments role in business in a socialist society.
The government owns or controls KEY industries and enforces regulations to protect people
In the 1700s, the process of enclosure tended to increase
farming efficiency
Which of the following did NOT improve as an early result of the Industrial Revolution?
factory working conditions
the quality of clothing
the average person's diet
transportation
How did the crop rotation system that developed in Britain during the agricultural revolution increase crop yields?
by increasing nutrients in the soil
Which of the following was the first area to undergo major industrialization?
banking
railroads
coal mining
textile production
Which of the following did NOT increase as an early result of the Industrial Revolution?
urbanization
the size of the middle class
the length of the average work day
the life expectancy of the average worker
These three factors were the reason Britain was the first country to industrialize.
Capital, Coal or resources of coal and iron and labour force.
The new factories helped increase production and efficiency. What is something these factories hurt?
The environment.
Which natural resource was England abundant in?
Coal
Who defended the free-market system of capitalism in the book, The Wealth of Nations?
Adam Smith
With which of the following is Karl Marx most closely associated?
Communism
What was the Industrial Revolution?
increased output of machine-made goods that began in England during the 18th-century
Why did education become a focal point in English society during the Industrial Revolution?
They needed educated individuals to operate/work on the new inventions in their factories.
How did landowners and aristocrats view wealthy members of the middle class?
Looked down upon
What is the laissez-faire policy?
a policy that let owners of industry set working conditions without government interference
In a capitalist society businesses have to do what with each other?
Compete with each other
What is the name for the voluntary associations of workers seeking labor reforms?
Unions
How did the Industrial Revolution affect cities?
It made the population grow faster than the housing supply.
In what way did the new middle class change British society?
Some members of the middle class achieved top positions in society.
What is a key idea in the free-market system? Think of governments hand in business.
government should not interfere in economic matters
What is Urbanization?
the population shift from rural to urban areas
Why did England have a population boom during the Industrial Revolution?
Better food, Higher standard of living, and better medical care.
What impact did technological advances have on industry?
Production of goods was increased.
What was a benefit of the railroad in Britain?
It offered cheap transportation for materials and goods.
In a Communist society who owns or controls all industry?
The Government