5 Questions
What years are generally considered to be the First Industrial Revolution?
1750-1840
What are the two primary fossil fuels that enabled the First and Second Industrial Revolution?
Steam engine and accessible coal
What is the term used to describe taxes on imports?
Tariffs
What was the fixed-wealth economic theory that dominated Europe prior to the 18th century?
Mercantilism
What is the term used to describe peasants being removed from common land?
Serfdom
Test your knowledge of key historical and economic concepts with this quiz. From mercantilism and serfdom to free market capitalism and the steam engine, this quiz covers a wide range of topics including Adam Smith, urbanization, tariffs, and more. See how many terms you can match with their corresponding descriptions.
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