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US History - Prereqs
Prerequisites for Industrialization: Lesson 4
| Question | Answer |
|---|---|
| What are the ten categories of prerequisites for industrialization? | "PERMMITCCF" 1. Plentiful/Cheap Food Supply 2. Entrepreneurship 3. Raw Materials 4. Mobile Labor Force 5. Market(Demand) 6. Infrastructure 7. Technology 8. Cheap Power Source 9. Capital = Money 10. Friendly Government |
| What three things should be under the "Raw Material" category in order to become legit? | A. Accessible Domestically B. Through Cheap Imports C. Proximity or God Transport Net |
| What two things should be under the "Mobile Labor Force" category in order to become legit? | A. Willing to Move Where Jobs Are B. Upwardly Mobile Society (Hard work is rewarded to individuals) |
| What two things should be under the "Plentiful/Cheap Food Supply" category in order to become legit? | A. Agricultural Revolution Results in Increased Output B. Factory Workers Not Paid Much |
| What two things should be under the "Cheap Power Source" category in order to become legit? | A. Initially, Water/Wind Power B. Later-- Steam, Electricity, Solar, Nuclear, etc. |
| What three things should be under the "Capital = Money" category in order to become legit? | A. Rich People B. Banks to Make Loans C. Corporations and Stock Markets |
| What two things should be under the "Entrepreneurship" category in order to become legit? | A. Deal Makers: Put Together Labor, Capital, Technology, etc. B. Risk Takers |
| What two things should be under the "Markets (Demand)" category in order to become legit? | A. People with Money - Either Foreign or Domestic B. Large Middle Class |
| What two things should be under the "Infrastructure" category in order to become legit? | A. Transportation Net: Roads, Bridges, Canals, RRs, Airports, etc. B. Transports Raw Materials to Factories; Finished Products to Market |
| What three things should be under the "Technology" category in order to become legit? | A. Inventors for Ideas B. Engineers to Build Plants C. Educated Workforce |
| What three things should be under the "Friendly Government" category in order to become legit? | A. Protects Industry with Tariffs and Subsidies B. Protects Markets with Army and Navy C. Protects Inventors with Patents |
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grant_lydia
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