Unit 3 Vocabulary Practice Quiz

The ___ Industrial Revolution was the shift from manual to machine manufacturing with the introduction of chemicals, iron productions, and water/steam power

• 1st

• 2nd

The ___ Industrial Revolution was known as the technological revolution with large-scale manufacturing and increased water/steam power.

• 1st

• 2nd

The absolute freedom of individuals due to the absence of government.

• Social Darwinism

• Laissez-Faire

• Anarchy

• Planned/Command Economy

An economy in which production, investment, prices, and incomes are determined centrally by a government.

• Market Economy

• Laissez-Faire

• Anarchy

• Planned/Command Economy

An economy in which production and prices are determined by unrestricted competition between privately own businesses.

• Market Economy

• Laissez-Faire

• Anarchy

• Planned/Command Economy

The ideology that the less government is involved in the economy and business, the better off it will be.

• Market Economy

• Laissez-Faire

• Anarchy

• Planned/Command Economy

The ideology that the most successful individuals were those who had superior talents to adapt, survive, and thrive.

• Social Darwinism

• Laissez-Faire

• Anarchy

• Planned/Command Economy

The belief that native-born Americans were superior to others, and that immigrants and their diverse cultural influences were undesirable.

• Tenements

• Nativism

• Trusts

• Monopoly

A large grouping of businesses/businessmen with significant market power.

• Tenements

• Nativism

• Trusts

• Monopoly

A business is the sole manufacturer of a product or is able to dominate a particular industry.

• Tenements

• Nativism

• Trusts

• Monopoly