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US History - Prereqs

Prerequisites for Industrialization: Lesson 4

QuestionAnswer
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
Created by: grant_lydia
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