The Solution to the Tragedy of the Commons in England

question 7

Multiple Choice

The solution to the tragedy of the commons in England at the end of the Middle Ages primarily involved:

• A)laws regulating grazing.
• B)intervention by the church.
• C)norms adopted by herders.
• D)privatizing common lands.

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Definitions:

Andrew Carnegie

A Scottish-American industrialist and philanthropist who led the expansion of the American steel industry in the late 19th century.

John D. Rockefeller

An American industrialist and philanthropist who played a pivotal role in the establishment of the oil industry in the United States.

J.P. Morgan

An American multinational investment bank and financial services holding company, known for its significant role in the history of banking and finance in the United States and globally.

Early Industry

The phase of industrial development marked by the introduction and growth of manufacturing, commonly associated with the Industrial Revolution.