Practice Quiz

CLEP Western Civ II

Category - Industrial Revolution

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British industrialists used which of the following arguments to support their assertion that the government did not need to regulate business?
  1. Those in government did not understand how business worked.
  2. They were doing a service for the nation by providing jobs.
  3. Government interference in industry had not gone well historically.
  4. They were better equipped to set the price for their goods.
  5. They were not adequately represented in Parliament.
Explanation
Answer: B - British industrialists felt that the government should not regulate them because they were doing the nation a service by providing employment. As the Industrial Revolution progressed, they became increasingly visible in the legislature. By the 1820s and 1830s, several measures, including freedom of trade and limiting of tariffs, had created a better climate for business.
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