Origins of Modern Capitalism

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What does 'laissez-faire' mean?

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1. Who wrote Wealth of Nations and is considered the 'Father of Modern Economics'?

2. When did the Industrial Revolution take place?

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About This Quiz & Worksheet

This quiz/worksheet combo will test your knowledge of the people and events that contributed to the growth of capitalism. Some topics you will need to know in order to pass the quiz include dates, major figures, and facts related to the birth of capitalism.

Quiz & Worksheet Goals

In these assessments you'll be asked to:

  • Recognize true facts about capitalism
  • Define 'laissez-faire'
  • Discern the centuries during which the Industrial Revolution took place
  • Name the author of Wealth of Nations
  • Identify the system of social structure that is based on land holdings

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Reading comprehension - ensure that you draw the most important information about history and figures from the related capitalism lesson
  • Interpreting information - verify that you can read information regarding characteristics of capitalism and interpret it correctly
  • Information recall - access the knowledge you've gained regarding facts about names, dates and systems of social structure related to the development of capitalism

Additional Learning

Want to learn more about the growth of capitalism? Check out the corresponding lesson titled Origins of Modern Capitalism. This lesson will help you:

  • Define capitalism
  • Understand the essential characteristic of capitalism
  • Identify U.S. companies that have been successful under capitalism
  • Learn the history of modern capitalism in the 16th-19th centuries
  • Understand the breakdown of feudalism, the Protestant Reformation, and the Industrial Revolution as contributions to the development of modern capitalism
  • Recognize Adam Smith's role in the growth of capitalism
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