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IR Econ Questions
IR and Economics Test
Question | Answer |
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How did the Agricultural Revolution help spark the Industrial Revolution? | Since there were new inventions like enclosed farms, use of manure fertilizer, land drainage. Enclosure =>bigger farms run by smart farmers=>higher crop yield=>more food=>high population=>more workers move to cities to be factory workers. |
Define and explain the economic, political, and social conditions necessary for an industrial revolution to occur. | 1. Increased demand for global trade (economic) 2. Increasing population (social) 3. Increased flow of money (economic) 4. Experienced managers and entrepreneurs (social) |
Why was Britain the first country to industrialize? | 1. England had an upsurge in world trade due to internal transport system (ideal for moving goods to the market) 2. Pop. increased by 15% per decade (1700s) 3. Stock markets were world's largest/flexible 4. Western world's most experienced entrepreneurs |
What types of problems did workers and cities face as a result of the Industrial Revolution? | Two major problems: wealth inequality (a group became rich but most saw living conditions decline), working and living conditions were dirty, crowded, and unsafe for most people. |
What types of reforms were made to remedy some of the problems caused by the Industrial Revolution? | Starting in 1830-1850 in Britain: Increased pay, reduced working hours, factories and mines were made safer, child labor ended |
How did the Industrial Revolution spark new ways of thinking about economic systems? | |
To what extent should a nation’s economic system consider the well-being of its citizens? | |
How does an economic system’s goals align with the 3 different underlying questions about a nation’s economy? Who should own factories? What is government’s role in regulating working conditions, wages and benefits, and product safety? Who should profit? |