Capitalism and the Industrial Revolution
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Questions and Answers

What was mainly responsible for the tremendous economic transformation in Western Europe and the United States of America in the nineteenth century?

  • The Industrial Revolution (correct)
  • The Technological Revolution
  • The Digital Revolution
  • The Agricultural Revolution

    • Which sources of energy and power replaced wind and water powers after the Industrial Revolution?

  • Coal and Steam (correct)
  • Hydroelectric and Nuclear
  • Solar and Wind
  • Biofuels and Geothermal

    • Which economic system has been dominant in the Western world since the collapse of feudalism?

  • Capitalism (correct)
  • Socialism
  • Feudalism
  • Communism

    • What socio-economic classes were promoted by industrialization, especially during the early modern period?

    <p>Proletariat and Bourgeoisie</p> Signup and view all the answers

    From what eighteenth-century commerce did modern industrial capitalism arise?

    <p>Transatlantic commerce</p> Signup and view all the answers

    What was the role of plantation riches and the transatlantic slave trade in the development of capitalism in Europe?

    <p>They funded Europe's industrialization and contributed to the rise of capitalism.</p> Signup and view all the answers

    What was the impact of the slave trade on British port towns like Liverpool?

    <p>It delivered tremendous riches to these port towns.</p> Signup and view all the answers

    What is the role of capitalists or bourgeoisie in a capitalist system?

    <p>They own the means of production.</p> Signup and view all the answers

    How does a capitalist economy differ from a socialist economy's central planning structure?

    <p>A capitalist economy is based on free commerce and competition, while a socialist economy has government control over production and distribution.</p> Signup and view all the answers

    How was industrialization linked to militarization and nationalism in countries like Germany and Italy?

    <p>It led to World War I and the desire to build colonial empires to compete with other powers.</p> Signup and view all the answers

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