Unit 7 Review WH

One major factor that contributed to the start of the Industrial Revolution in Great Britain was _____

The economic theory most closely associated with Adam Smith is _____.

During the Industrial Revolution, how did urbanization affect the roles of children like Arjun in society?

• They gained more educational opportunities

• They were often employed in factories with low wages and unsafe conditions

• They experienced a significant improvement in health care

• They had more leisure time and recreational activities

How did Karl Marx view the relationship between the bourgeoisie and the proletariat?

• The bourgeoisie should support the proletariat financially

• The proletariat should seek to become part of the bourgeoisie

• The bourgeoisie and proletariat should live in separate societies

• The proletariat is exploited by the bourgeoisie

_____ experienced significant industrial growth in the late 19th century alongside Great Britain and Germany.

One social change that resulted from the Industrial Revolution was _____

What is the term used by Karl Marx to describe the difference between the value produced by labor and the actual wage paid to the laborer?

• Capital gain

• Surplus value

• Labor cost

• Market price

During the Industrial Revolution, why did children like Henry and Luna become a significant part of the workforce?

• The money was needed for the Family

• Mandatory education laws

• Technological advancements

• High levels of child entrepreneurship

Maya and Henry are discussing economic theories. How do Adam Smith and Karl Marx differ in their views on market regulation?

• A. Smith favored minimal government intervention, while Marx supported extensive regulation

• B. Both believed in the necessity of government intervention in markets

One consequence of the Industrial Revolution on urban living conditions was _____