Development of the U.S. Free Enterprise System


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Who wrote The Wealth of Nations and argued for the superiority of an economic system free from government interference?

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1. Who was America's first Secretary of the Treasury?

2. Which British industrialist memorized the design of British textile machinery and illegally transported the technology to America?

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About This Quiz & Worksheet

It takes only a few minutes to answer the multiple-choice questions on this quiz about the beginnings of the U.S. free enterprise system. See how well you know the key individuals and events of this time in American history.

Quiz & Worksheet Goals

The quiz will test you on such things as:

  • Author of Wealth of Nations who argued for an economic system free from government interference
  • Name of the first Secretary of the Treasury of the United States
  • British industrialist who illegally transported textile machinery technology to the U.S.
  • Origin of the Industrial Revolution
  • Facts about the free enterprise system during the early years of U.S. government

Skills Practiced

The following skills are displayed:

  • Interpreting information - verify that you can review information regarding early textile machinery in the U.S. and interpret it correctly
  • Information recall - access the knowledge you've gained regarding the first U.S. Secretary of the Treasury
  • Knowledge application - use your knowledge to identify where the Industrial Revolution originated

Additional Learning

See additional information on this subject with the lesson named Development of the U.S. Free Enterprise System. Take a look at:

  • Free enterprise system definition
  • The intellectual movement that strongly influenced America's Founding Fathers
  • Individual who popularized modern capitalism