1. What are the key characteristics of the model of AN industrial revolution?

2. Do you understand the key aspects of the technological, economic and social dimensions of the industrialization process.

3. Do you understand the major factors in the industrialization of England?

4. What is the significance of political stability to successful industrialization?

5. Do you understand the meaning of political risk and its implications for fixed investment?

6. What important piece of technology did James Watt invent?

7. Do you understand how the production and distribution systems changed from the medieval period to the mercantilist period to the industrial revolution?

8. What were the main points of the Giacalone and von Mises articles on the standard of living during and after the Industrial Revolution?

9. What was the basis for the optimistic and pessimistic positions about the impact of the Industrial Revolution on the standard of living of English workers?

10. Who was Adam Smith and why was he important?

11. Do you know why it is impossible to keep industrialization from spreading to other countries?

12. Do you understand the major factors that slowed down the industrialization of France?

13. Do you know what "tax farming" is?

14. Do you understand the major factors in the industrialization of Germany?

15. Explain the major factors that influenced the colonial American economy.

16. Do you understand the role of labor shortages in U.S. economic history?

17. Do you understand the territorial expansion of the United States and what countries were involved?

18. Can you compare the agriculture of the different regions of the U.S prior to the civil War?

19. Do you know the route of the Erie Canal and why it is so important in American economic history?

20. Can you explain the major economic differences between northern and southern states that contributed to the U.S. Civil War?

21. Are you familiar with the great entrepreneurs who contributed to U.S. economic development in the 19th century?

22. Are you familiar with the major U.S. industries prior to and after the Civil War?

23. Do you understand the importance of railroads in U.S. economic development?

24. Do you understand the similarities between European and Japanese traditional economic arrangements?

25. Do you know the roles of the daimyo, the shoguns, and the samurai?

26. Do you understand the natural resource situation in Japanese economic development?

27. Do you recognize the role government played in Japanese industrialization?

28. In general, do you understand why the industrialization of Japan is especially important?