WHB Final Exam Review v23--Industrial Revolution

the working class, according to Marx

Proletariat

One of the factors of production; money used to invest in enterprises or business organizations such as mining, railroads, factories.

capital

describes the inputs that are used in the production of goods or services in order to make an economic profit

factors of production

without the interference of government in the economy, known as a "hands off" approach seen as fundamental to capitalism

laissez-faire

The Industrial Revolution first took hold in what industry?

Textiles

Causes of urbanization

demand for workers; population growth, changes in farming

What conclusion is supported by a map of canals and railroads in England by 1920

Railroads offered advantages over canals for transportation of goods.

Map of natural resources: What is likely reaosn Glasgow, Birmingham and Lyon became major industrial cities?

They had access to natural resources needed to industrialize.

What is the main reason the "putting-out" system or cottage industry gave way to the factory system in the British textile industry?

The factory system allowed more cloth to be produced at a lower cost.

According to socialists, the solution to poverty and injustice was

shared ownership by the people of the means of production.

Karl Marx despised capitalism because he believed that it

created prosperity for a few and poverty for many.

The idea of Social Darwinism

Suggested that wealthy people had superior talents and were "fittest" members of society.

Which statement best describes overall impact of reforms in Great Britain in the 19th century?

Gradual progress after multiple attempts at reform.

What was a long-term result of the Industrial Revolution?

a general rise in the standard of living