AP Exam Unit 5 Flashcards
(84 cards)
What combination of factors were necessary to begin the Industrial Revolution? (10)
- Europe’s geographical location
- Geographical distribution of coal, iron, and timber
- European demographic changes
- Urbanization
- Improved agricultural productivity
- Legal protection of private property
- Abundance of rivers and canals
- Access to forgeing resources
- Accumulation of capital
What “fueled” the Industrial Revolution (2)
Steam engine
Internal combustion engine
What fossil fuels were exploited as a result of these machines? (2)
Coal
Oil
What was a major effect of the fossil fuels revolution?
Increased the energy available to human societies
How did factories change the nature of labor? (2)
- Concentrated labor in a single location
2. Led to an increasing degree of specialization
Where did factories start?
Northwestern Europe
Where did the factory system spread? (4)
Other parts of Europe
United States
Japan
Russia
What were the new methods of production in during the “second” Industrial Revolution? (4)
Steel
Chemicals
Electricity
Precision machinery
How did the Industrial Revolution influence world trade overall? (2)
Developed new patterns of global trade
Further integrated the global economy
What raw materials were commonly exported to industrialized areas? (7)
Cotton Rubber Palm oil Sugar Wheat Meat Guano
What caused an increased need for raw materials? (1)
- Increased need for food supplies as a result of growing population
What did export economies specialize in?
Mass producing a single natural resource
What were the profits from raw materials used for?
Finished goods
As industrial production rose, what type of economies/production declined?
Agriculturally based economies (such as textile production in India)
What “new” markets did industrialized states look/create for their exports?
New consumer markets (such as British and French attemps to “open up” China)
What led to the development of extensive mining centers? (2)
- Need for specialized and limited metals for industrial production
- Global demand for metals as forms of welath
What were the primary metals mined that served monetary purposes? (3)
Gold
Silver
Diamonds
Examples of mining centers (2)
Copper mines in Mexico
Gold and diamond mines in South Africa
With what ideologies did the inspiration for economic changes lie? (2)
Capitalism
Liberalism
Who is capitalism associated with?
Adam Smith
Who is classical liberalism associated with?
John Stuart Mill
How did industrialist legitimize the economic changes of the Industrial Rev?
As means of facilitating investments
What financial institutions facilitated industrial production? (4)
Stock markets
Insurance
Gold standard
Limited liability corporations
How did the Industrial Revolution affect the scale of businesses?
Made them global