THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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lack of natural resources
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free enterprise system
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limited workforce
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deteriorating railroad system
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Detailed explanation-1: -Industrialization can be driven by a combination of factors including government policy, labor-saving inventions, entrepreneurial ambitions, and a demand for goods and services. It has profound implications for the population, causing a wave of migration from small farms to cities and towns where jobs can be found.
Detailed explanation-2: -This system was a product of the Enlightenment, an 18th-century intellectual movement that emphasized reason, critical thinking, skepticism, individualism, religious tolerance, democracy, capitalism, and other themes.
Detailed explanation-3: -How did the free enterprise system encourage the Industrial Revolution? It encouraged the Industrial Revolution by allowing businesses to work for profit with minimal regulation beyond what is necessary to protect the public interest, caused Entrepreneurs to thrive and compete among each other.
Detailed explanation-4: -Historians have identified several causes for the Industrial Revolution, including: the emergence of capitalism, European imperialism, efforts to mine coal, and the effects of the Agricultural Revolution.