b was boosted by the industrial revolution's profits.
c An economic system in which the factors of production are privately owned and money is invested in business ventures to make a profit.
d A system that allowed farm owners to map out their property and put up barriers to mark it.
e A person who organizes, manages, and takes on the risks of a business.
5 Multiple Choice Questions
Invented the spinning Jenny
Invented the first flying machine in 1903.
A deal where two or more people own a corporation and split the profits and debts.
Finds cheaper and more effective way to make steel.
A business owned by stockholders who share the profits but are not personally responsible for its debts.
5 True/False Question
Collective Bargaining → Invented the first one way radio
Labor Unions → The employees and people needed to work a corporation and a factory.
Rudolf Diesel → Invented the first internal combustion engine
Capital → The money needed to start a corporation or a factory.
Factory system → A building that contains all the machines needed to complete the domestic system. All of the profits are to the one factory owner and employees.