Question 1

In 1900 the capitalist core was made up principally of:

Accepted Answer

In 1900, the capitalist core primarily consisted of the most industrialized and economically dominant countries, which were the United States, the United Kingdom, Germany, and France. These nations had the most advanced industries, financial systems, and global trade networks at the time.

Question 2

Transnational corporations are:

Accepted Answer

Transnational corporations are characterized by their internationalization of production processes, meaning they operate across multiple countries, often with significant portions of their manufacturing, research, and marketing operations located outside their home country.

Question 3

A country that has achieved hegemonic status within the world-system is one that:

Accepted Answer

Hegemonic status within the world-system is achieved by dominating world production, commerce, and finance, not necessarily by military might, the ability to destroy other economies, or turning the system into a world-empire.

Question 4

China's failure to become the first industrialized nation despite her technological equality with western Europe in 1500 indicates:

Accepted Answer

China's failure to industrialize first, despite having technological capabilities comparable to Western Europe around 1500, suggests that technological advancement is influenced by a variety of factors beyond just the society's overall capability for such progress. Additionally, it implies that there might have been specific characteristics within Chinese society that hindered further technological development, making both statements correct.

Question 5

Industrial capitalism differs from other forms of capitalism in that it involves the:

Accepted Answer

Industrial capitalism is characterized by all of these features: the earning of profit through the exploitation of wage workers, the reorganization of the workforce into the factory system, and the establishment of the factory as the basic unit of production.

Question 6

The leading industry of the Industrial Revolution during its first phase was:

Accepted Answer

The first phase of the Industrial Revolution, which began in the late 18th century, was led by the textile manufacturing industry. Innovations in spinning and weaving machinery, such as the spinning jenny and the power loom, significantly increased production capacity and efficiency, marking a major shift from manual labor to mechanized processes.

Question 7

How many societies have achieved hegemonic status within the capitalist world-system throughout its history?

Accepted Answer

According to Immanuel Wallerstein's world-systems theory, three societies have achieved hegemonic status within the capitalist world-system: the Dutch in the 17th century, the British in the 19th century, and the United States in the 20th century.

Question 8

The European experience with industrialization suggests that:

Accepted Answer

Capitalism tends to favor technological innovation as it can lead to increased efficiency, productivity, and ultimately profitability, which aligns with the goals of capitalist economies.

Question 9

The process whereby economic and social relationships come to be increasingly dominated by the logic of capitalist production is known as the:

Accepted Answer

The term "deepening of capitalism" refers to the process where economic and social relationships increasingly operate under the logic and principles of capitalist production, indicating a more pervasive influence of capitalism in various aspects of life.

Question 10

Japan was incorporated into the world-economy as a country:

Accepted Answer

Japan was incorporated into the world-economy as a semiperipheral country. It managed to industrialize rapidly and played a significant role in the global economic system, positioned between the core (highly industrialized) and peripheral (less developed) countries.

Question 11

The Industrial Revolution:

Accepted Answer

The Industrial Revolution involved a series of technological developments that fundamentally changed the nature of production, labor, and the organization of capitalism, affecting various aspects of society and economy.

Question 12

The first phase of the Industrial Revolution took place in from approximately :

Accepted Answer

The first phase of the Industrial Revolution began in England around 1760 and lasted until about 1830. This period marked significant advancements in manufacturing and production technology, notably in textile manufacturing, which played a crucial role in setting the stage for modern industrial society.

Question 13

Which of the following has Wallerstein identified as fundamental trends in the evolution of the capitalist world-economy?

Accepted Answer

Wallerstein's analysis of the capitalist world-economy identifies all of these trends—increasing mechanization of production, increasing commodification of the factors of production, and increasing proletarianization of the labor force—as fundamental to its evolution.

Question 14

The most distinctive development in the evolution of capitalism beginning in the late nineteenth century was:

Accepted Answer

The late nineteenth century saw the rise of giant monopolies, a key development in the evolution of capitalism. This period, often referred to as the age of monopolies or trusts, marked a shift from competitive markets to more controlled and concentrated economic power in the hands of a few large corporations.

Question 15

The increasing specialization of labor signifies all three major trends of capitalist evolution; that is, it results from a combination of and leads to the increasing of work and the worker:

Accepted Answer

The answer of The increasing specialization of labor signifies all...

Question 16

When viewed in the context of the evolution of the capitalist world-economy, the Industrial Revolution:

Accepted Answer

The answer of When viewed in the context of the...

Question 17

In which of the following ways is Japanese capitalism distinct from that of the West?

Accepted Answer

Japanese capitalism is distinct in that workers often show a higher degree of loyalty to their companies, which is reflected in practices like lifetime employment and strong company culture.

Question 18

Monopoly capitalism:

Accepted Answer

Monopoly capitalism refers to a phase where a few large corporations dominate the market, but it does not mean that competition disappears completely. It emerged in the late 19th and early 20th centuries, not at the turn of the 19th century.

Question 19

According to Sanderson and Alderson, the primary cause of the Industrial Revolution was:

Accepted Answer

Sanderson and Alderson argue that the primary cause of the Industrial Revolution was the desire of capitalist entrepreneurs to expand economic productivity and widen markets, as this drive led to innovations and changes in production methods.

Question 20

Sanderson and Alderson suggest that the idea that the Industrial Revolution was rooted in population pressure:

Accepted Answer

The answer of Sanderson and Alderson suggest that the idea...

Quiz 6: Industrialization and the Expansion of the World-System