| A | B |
|---|
| Turnpike | Toll Road |
| Enterprise | A business organization in areas such as shipping, mining, or factories |
| Tenement | An apartment building for the working class |
| James Watt | Improved the steam engine in the late 1700's |
| The Rocket | First railroad car |
| Karl Marx | Considered the father of communism |
| Cottage Industry | All products were produced in the home |
| Urbanization | The movement of people to the cities |
| Entrepreneur | Those who manage and assume the financial risk of new businesses |
| Adam Smith | Considered the father of capitalism |
| Capital | Money used to invest in enterprises |
| Spinning Jenny | Invention used in the textile industry |
| During the Industrial Revolution, life changed in what basic way? | People migrated from rural areas to cities. |
| Karl Marx despised capitalism because he believed that it | created prosperity for a few and poverty for many. |
| In what way were railroads an improvement over canals? | railroads did not have to follow the course of a river |
| The people who lived in tenements in industrial cities were part of the | working class |
| Laws called "Factory Acts" were passed in the early 1800's to | Reform child labor laws |
| Which of the following was a long-term result of the Industrial Revolution? | A general rise in the standard of living |
| According to laissez-faire economists, the cure for poverty was | An unrestricted free market |
| According to socialists, the solution to poverty and injustice was | shared ownership by the people of the means of production |
| Which did not contribute to the Industrial Revolution in Britain? | Large amounts of land space |
| Which did not contribute to rapid population growth during the Industrial Revolution? | People were forced to get married |
| What is the key part of the definition of an entrepreneur? | New business |
| Why were unions effective in making working conditions better for workers? | Workers had more power if they went as a group instead of individually |
| Why was the Industrial Revolution better than producing things in the cottage industry? | Allowed for mass production, which brought down price |
