2 pt 3 pt 4 pt 5pt 1 pt 2 pt 3 pt 4 pt 5 pt 1 pt 2pt 3 pt 4pt 5 pt 1pt 2pt 3 pt 4 pt 5 pt 1 pt 2 pt 3 pt 4pt 5 pt 1pt Team 1Team 2Team 3Team 4Team 5

The system of being paid only for the amount of work you accomplish, rather than bythe hour or by a set salary, is known as?

What is Piecemeal?

These are the 3 factors of production.

What are land, labor and capital?

Which of the following was the first area to undergo major industrialization ?

What is textiles?

Jethro Tull started this revolution when he invented a more productive way to plant seed.

What is the Agricultural Revolution?

All of the following were positive effects of industrialization and improved transportation, EXCEPT a.families were drawn closer together and the environment was more protected. b. prices of goods were reduced and the standard of living increased. c. new jobs were created. d. new markets were created and expanded

What is A. families were drawn closer together and the environment was more protected. ?

He is credited with developing the first workable steam engine (not the locomotive)

Who was James Watt?

The system of independently contracting out each step of the manufacturing process to individuals who do the work in their own home.

What is the Domestic System?

This movement drove many small farmers off the land and into the cities looking for work.

What was the Enclosure Movement?

All of the following are reasons which explain why Britain was the first country to industrialize EXCEPT a. abundant natural resources such as coal, iron, and water. b. stable government and economy that encouraged and protected business. c.shortage of workers to do manual labor. d.good, navigable harbors and ports for shipping/receiving goods.

What is C. Shortage of Workers?

All of the following are advantages of steam power over water power EXCEPT a. Steam power is easier to produce and requires no natural resources. b. Steam power makes industry more mobile; the factory can be located anywhere. c. Steam power can easily be adapted to other types of machines to make them more efficient. d. Steam power can operate in every climate or season.

What is a. Steam power is easier to produce and requires no natural resources. ?

Which of the following is NOT TRUE for factory workers in the late 1800s? a.. The pay was low and the hours were long. b. They worked from hours a day. c. Working conditions were generally safe d. They had to follow strict work schedules.

What is c. Working conditions were generally safe ?

Due to the harsh working conditions of the early industrial period, workers organized into associations known as.

What are labor unions?

Risk-taking businesspeople that set up industries by bringing together capital, labor, and new industrial inventions were called.

What are entrepreneurs?

Money to invest in labor, machines, and raw materials is known as.

What is Capital?

Heis most closely associated with laissez- faire capitalism.

Who is Adam Smith?

The belief that governments should do the “greatest good for the greatest number”, regardless of other considerations, forms the basis of which philosophy

What Is Utilitarianism?

The natural control of the economy described as the “invisible hand of the economy”, was developed by who?.

Who was Adam Smith?

Who is most closely associated with the “Iron Law of Wages”?

Who is David Ricardo?

Which area of the U.S was first to industrialize?

What is the Northeastern U.S.?

What was the first industry to industrialize in the U.S

What is Textiles?

First to build a textile mill by memorizing the plans in his head when he immigrated to the U.S. from Britain.

Who was Samual Slater?

All of the following are advantages of a corporation type of business system EXCEPT a.stockholders can only lose what they have invested. b.businesses are able to attract huge amounts of capital. c.corporations can never fail to make a profit. d.corporations endure even after their owners die.

c.corporations can never fail to make a profit.

He was the leader of the Utilitarian movement in England during the 1800s.

Who was Jeremy Bentham?

He started Social Utopianism, a community to share wealth among the workers.

Who was Robert Owen?

He invented the 1 st Steamboat.

Who was Robert Fulton?