One Explanation for Britain's Lead in the Industrial Revolution Was

question 70

Multiple Choice

One explanation for Britain's lead in the Industrial Revolution was that:

• A)the majority of its entrepreneurs were from the aristocracy.
• B)the government subsidized all rural industry.
• C)the pursuit of wealth was perceived as a worthy goal in life.
• D)Oxford and Cambridge produced a surplus of engineers.
• E)Britain had been untouched by the Napoleonic Wars.

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Definitions:

Pension Reserves

Funds that are set aside by a corporation or government to support its future pension obligations to its employees.

Mutual Fund Shares

Units of ownership in a mutual fund, which pools money from many investors to purchase a diversified portfolio of securities.

Corporate Equity

The ownership interest represented by shares of a company's stock.

Net Worth

The total assets minus total liabilities of an individual or company, indicating financial health.