WORLD HISTORY

HISTORY

THE INDUSTRIAL REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following best defines the term capital when referencing the Industrial Revolution?
A
a city where industrial production increased, became an important city for a nation’s economy
B
money, equipment, and/or resources that were used in the production of goods
C
a type of investment that helped a factory or business get started
D
none of these best define capital
Explanation: 

Detailed explanation-1: -Silver, not nearly as rare as gold, had been the standard for most of the world’s currencies until the Industrial Revolution in the 19th century. The increase in world trade which accompanied industrial development led to demands for the adoption of the gold standard.

Detailed explanation-2: -The Industrial Revolution was a period of scientific and technological development in the 18th century that transformed largely rural, agrarian societies-especially in Europe and North America-into industrialized, urban ones.

Detailed explanation-3: -These are the first three industrial revolutions that transformed our modern society. With each of these three advancements-the steam engine, the age of science and mass production, and the rise of digital technology-the world around us fundamentally changed.

Detailed explanation-4: -First Industrial Revolution: Coal in 1765. Second Industrial Revolution: Gas in 1870. Third Industrial Revolution: Electronics and Nuclear in 1969. Fourth Industrial Revolution: Internet and Renewable Energy in 2000.

There is 1 question to complete.