True or False
The Luddites had a secret oath. True or False?
True
What industry did the Luddites initially attack?
Textile
Where did Ned Ludd live?
Sherwood Forest
Capitalism is a type of what system?
Economic
What is 'supply?'
Having enough of the item
The Luddites protested against farming. True or False?
False
What is another word for Luddites?
frame breakers
Luddites gunned down during an attack on a mill
Who managed the businesses in the Industrial Revolution?
business owners
If supply is low, what happens to the price of the product?
Goes up
The Industrial Revolution happened in the 1900s. True or false?
False
What year did the Luddites wreck the first textile machine?
1779
Where were some Luddite criminals transported to?
Australia
When was Adam Smith's book 'The Wealth of Nations' written?
1776
Unions
A shop example of Capitalism is Kmart. True or False?
True
What happened to the textile machines?
Luddites smashed them
What were the consequences for the Luddites?
Rounded up and hanged
Why should governments not get involved in Capitalism
because healthy economies find their own equilibrium
What economy do we have now?
Mixed
The government managed shops in the Industrial Revolution? True or False
False
The name of the person that started the Luddite movement
Ned Ludd
What is a 'technophobe?'
Someone that doesn't like technology
The free market system is based on what concept?
Supply and Demand
What is it called when companies have exclusive control over one service or product?