Industrial Reforms M3L3

Who is known as the "father of modern economics" and wrote "The Wealth of Nations"?

• Karl Marx

• Adam Smith

• William Wilberforce

• John Stuart Mill

What is the main idea behind laissez-faire economics?

• Government should control all businesses

• The government should not interfere in the economy

• Workers should own factories

• Only the wealthy should make decisions

Which document was co-authored by Karl Marx and Friedrich Engels in 1848?

• The Wealth of Nations

• The Communist Manifesto

• The Factory Act

• The Ten Hours Act

What is the main goal of labor unions?

• To increase factory profits

• To improve working conditions and wages for workers

• To support business owners

• To reduce the number of workers

Which act limited the working hours of women and children in factories to ten hours per day?

• Factory Act of 1833

• Mines Act of 1842

• Ten Hours Act of 1847

• National Child Labor Committee Act

Who led the movement to abolish the slave trade in Britain?

• Adam Smith

• William Wilberforce

• Karl Marx

• Robert Owen

Which economic system is based on public or collective ownership of the means of production?

• Capitalism

• Socialism

• Laissez-faire

• Utilitarianism

What was the main purpose of the Factory Act of 1833?

• To ban all child labor

• To improve working conditions for children in factories

• To increase factory production

• To reduce taxes for factory owners

Which act prohibited women and children from working underground in mines?

• Factory Act of 1833

• Mines Act of 1842

• Ten Hours Act of 1847

• National Child Labor Committee Act

What is the main principle of utilitarianism?

• The greatest happiness for the greatest number

• Survival of the fittest

• Government control of all resources

• Individual freedom above all