History test (10-29-24)

Question 1

What is the industrial revolution

Answer 1

A period in time where major changes like machines and such started coming to big factories

Question 2

What is crop rotation

Answer 2

growing a series of different crops in the same area across land to improve the soil

Question 3

What is factories

Answer 3

A building where goods are manufactured or assembled by a machine/person

Question 4

What is urbanization

Answer 4

An increase in where people move to cities and make an area more urban

Question 5

What is stock

Answer 5

Goods/merchandise kept on the premises of a business or warehouse for sale or distribution

Question 6

What is corporation

Answer 6

a group of people that is separate from its ownerssez

Question 7

what is laissez faire

Answer 7

“allow to do” “let people do as they choose” Government policy should not interfere in the natural economic

Question 8

Who is Adam smith

Answer 8

18th-century Scottish economist, philosopher, and author who is considered the father of modern economics.

Question 9

Who is Karl Marx

Answer 9

was a philosopher, author, social theorist, and economist. He is famous for his theories about capitalism, socialism, and communism.

Question 10

What is Capitalism

Answer 10

A countries trade and industry are controlled by private owners for profit

Question 11

What is socialism

Answer 11

A way to organize society

Question 12

What is communism

Answer 12

a type of government as well as an economic system (a way of creating and sharing wealth)

Question 13

In which country did the industrial revolution begin? In which time period

Answer 13

It began in England. In the middle 1700’s

Question 14

What are the factors of production known as

Answer 14

Land,labor and capital

Question 15

Why was crop rotation important

Answer 15

Farmers plated different crops to restore nutrients

Question 16

why was the textile industry important

Answer 16

First industry to be transformed Britain and made clothes for the world

Question 16

How did Eli Whitney contribute to industrialization

Answer 16

Invented the cotton gin - cotton
Production would end of skyrocketing because of that invention

Question 17

Why is important to have entrepreneurs in industry

Answer 17

They take the risk to start a business industry

Question 18

How did urbanization impact industrialization

Answer 18

Many people moved to cities for jobs and factories

Question 19

What were some of the negative effects of urbanization

Answer 19

Poor living conditions, minimum wage, bad treatment of the workers

Question 20

What was the typical day for a child labor

Answer 20

Work 16 hours day, treated worse that adults (sometimes), minimum wage, unsafe working enviroments

Question 21

Which class of society benefited from industrialization? How?

Answer 21

Middle class transformed structure of societies

Question 22

What were some of the positive effects of industrialization

Answer 22

created jobs, wealth and increased standard in living

Question 23

What impact did corporations have on American society

Answer 23

Raised large amounts of capital and invest in more industry

Question 24

How did imperialism contribute to global inequality

Answer 24

Wealthy countries exploited poorer countries resources

Question 25

Which economic theories did Adam smith have

Answer 25

Self- interest, competition, supply and demand

Question 26

Which economic theories did karl marx have?

Answer 26

Marxism, workers overthrown capitalist (owners)

Question 27

Which book did Adam smith write? Which book did Karl Marx write

Answer 27

Adam smith : Wealth of nations
Karl Marx: Communist manifesto

Question 28

What is the main difference between capitalism and socialism

Answer 28

Capitalism= Private ownership
Socialism= Government ownership