Unit 7: Quiz 1 Flashcards

1
Q

Businesses competing for profit without undue government intervention

A

free-enterprise system

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2
Q

investing at a risk for financial gain

A

profit motive

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3
Q

attempts to free the Holy Land from the Muslims

A

Crusades

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4
Q

European history–from Rome’s fall to the Renaissance

A

Middle Ages

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5
Q

change from hand power to machine power

A

Industrial Revolution

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6
Q

Patterns monasteries established for helping industry included

A

specific work responsibilities and strict discipline

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7
Q

Effects the Crusades had in sparking the industrial age included

A

revived interest in trade, revived interest in business, and increased desire to be prosperous and productive

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8
Q

The basic component a nation does NOT need to become industrialized is

A

fertile soil

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9
Q

printing press

A

Gutenberg

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10
Q

flying shuttle

A

Kay

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11
Q

spinning jenny

A

Hargreaves

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12
Q

cotton gin

A

Whitney

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13
Q

Coke, an essential improvement in the iron industry is

A

coal with certain impurities removed

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14
Q

has great quantities of air forced throughout

A

blast furnace

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15
Q

iron that has certain minerals added

A

steel

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16
Q

The Industrial Revolution needed

A

new inventions

17
Q

The small privileged class of nobility or the very wealthy

A

aristocracy

18
Q

The amount of property or money available for use in business.

A

capital

19
Q

A person who has capital invested in business, and one who engages in free enterprise.

A

capitalist

20
Q

Someone who has purchased stock, also known as a shareholder.

A

stockholder

21
Q

Before the Industrial Revolution, craftsmen

A

ran their business at home and set their own hours

22
Q

Stockholders in large businesses

A

became part owners, received a share of the profits, lost when the company lost

23
Q

The following groups of people became factory workers

A

farmers, women and children, and skilled artisans

24
Q

Positive advantages of the machine age were

A

that it supplied jobs, that it improved the economy, that it increased productivity

25
Q

The factory worker bore the brunt of the factory system through the stifling of his

A

self-worth, creativity, dignity

26
Q

Early factories were located by rivers so they could operate by

A

water power

27
Q

____________________ made improvements in the steam engine.

A

Newcomen and Watt

28
Q

____________developed steam locomotives

A

Stephenson

29
Q

able to power the machines; more versatile use of power

A

steam engine

30
Q

made road travel safer, more enjoyable, with fewer delays

A

improved road building

31
Q

not having to rely on wind power provided quicker distribution of goods

A

steam ship

32
Q

faster and safer than road travel; could carry freight overland

A

steam locomotive

33
Q

What advantages did steam-powered machinery have over water-powered machinery? (List three.)

A

It was a fast method of transportation, it quickened the production processes, and it enhanced the distribution techniques of material