The correct answer is Internal combustion engine
Invented by otto to assist in pumping out water from coal mines,the creation of the internal combustion engine and the automobile had a
major impact on industry and the processes used by manufacturers. The ford assembly line built to meet the demands of consumers was influenced by the breakthrough in internal combustion engine, a model that was quickly adopted by other factories. Hence, it is correct to say that the internal combustion machine led to the first assembly line which revolutionized production and thus industrialization.
Answer:
False
Explanation:
The characteristic of a capitalist economy is private ownership of businesses and means of production. It depends on free market for income prices and distribution of goods. while a socialist economy is characterised by government intervention for allocating the resources among its populations, prices are determined by the government.
Most of the countries today are mixed economies in which features of both capitalist and socialist economies are utilised as pure free market economies are prone to slowdowns, such a slowdown started in October 1929 in US. After that US government started to intervene in economic activities to achieve social aims. Mixed economies maintain private ownership and control of the means of production under government regulation, some industries are also under government control to produce public goods.
<em>US is a mixed economy.</em>
William Wilberforce (24 August 1759 – 29 July 1833) was an English politician known as a leader of the movement to stop the slave trade.A native of Kingston upon Hull, Yorkshire, he began his political career in 1780, eventually becoming a Member of Parliament for Yorkshire (1784–1812).
Early Trade. The first Europeans to purchase furs from Indians wereFrench and English fishermen who, during the 1500s, fished off the coast of northeastern Canada and occasionally traded with the Indians. In exchange, the Indians received European-manufactured goods such as guns, metal cooking utensils, and cloth.
