How could setting a new minimum wage give us an excess supply of workers in the us
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Definition1/10
If the minimum wage is raised, more people who are not currently
working will be willing to work for that wage, increasing the
supply of workers. Also tend to hire less employees at higher
wages, causing a lessening of demand.
The combination of less demand are more supply could cause an
excess supply of workers at minimum wage jobs, which tend to be
unskilled.
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Term1/10
Why were independent universities important to the start of the scientific revolution
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Definition1/10
They promoted learning outside the control of the government and
Catholic Church.
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Term1/10
How did the Protestant Reformation contribute to the start of the enlightenment
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Definition1/10
It led Europeans to begin questioning traditional
authorities
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Term1/10
How was the process of industrialization similar in China and Russia
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Definition1/10
Industrialization in both China and Russia was guided by the government.
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Term1/10
Why was James Watt important during the Industrial Revolution
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Definition1/10
He greatly improved existing steam engines for use in
factories.
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Term1/10
What role did railroads play in industrialization for both Great Britain and the United states
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Definition1/10
They allowed businesses to ship manufactured goods to markets in
distant location
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Term1/10
How does mercantilism differ from capitalism or the free enterprise system
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Definition1/10
Mercantilism allows governments to control economies, while capitalism gives individual more economic control. -Apex 2.4.2 test
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Term1/10
How did british labor unions relate to social reform efforts during the Victorian era
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Definition1/10
labor unions shared some of the goals of social reform movements by seeking to improve life for poor workers
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Term1/10
What two documents most clearly show the influence of Enlightenment thinkers
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Definition1/10
The declaration of independence and the U.S. constitution (apex)
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Term1/10
What was a major social effect of the Industrial Revolution
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Definition1/10
The gap between the rich and the poor grew larger
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Cards in this guide (10)
How could setting a new minimum wage give us an excess supply of workers in the us
If the minimum wage is raised, more people who are not currently
working will be willing to work for that wage, increasing the
supply of workers. Also tend to hire less employees at higher
wages, causing a lessening of demand.
The combination of less demand are more supply could cause an
excess supply of workers at minimum wage jobs, which tend to be
unskilled.
Why were independent universities important to the start of the scientific revolution
They promoted learning outside the control of the government and
Catholic Church.
How did the Protestant Reformation contribute to the start of the enlightenment
It led Europeans to begin questioning traditional
authorities
How was the process of industrialization similar in China and Russia
Industrialization in both China and Russia was guided by the government.
Why was James Watt important during the Industrial Revolution
He greatly improved existing steam engines for use in
factories.
What role did railroads play in industrialization for both Great Britain and the United states
They allowed businesses to ship manufactured goods to markets in
distant location
How does mercantilism differ from capitalism or the free enterprise system
Mercantilism allows governments to control economies, while capitalism gives individual more economic control. -Apex 2.4.2 test
How did british labor unions relate to social reform efforts during the Victorian era
labor unions shared some of the goals of social reform movements by seeking to improve life for poor workers
What two documents most clearly show the influence of Enlightenment thinkers
The declaration of independence and the U.S. constitution (apex)
What was a major social effect of the Industrial Revolution