Fill in the blanks:

1. _____________ and _____________ are the two basic resources essential for industrial growth.
2. Colonies were used as _____________ of cheap raw material and ____________ for finished products.
3. Socialism was a reaction to the evils of _________________.
4. _______________ and ________________ were employed in large numbers in dangerous coal mines.
5. Between the 16th and 18th centuries, the ___________________, ________________, __________________, ________________ and ______________ established colonies in Asia, Africa, and Latin America.

Match the following:

Choose the correct answer:

1. The main occupation of the Europeans in the Medieval Age was agriculture/mining/fishing.
2. James Watt invented the Steam Engine/Safety Lamp/Power Loom.
3. The first Asian country to become industrialized was _____________ Japan/India/China.
4. The capitalists/landlords/workers organised themselves as trade unions to fight for their rights.
5. The victory of the British over the French/Dutch/Spanish in the Carnatic Wars shattered French/Dutch/Spanish dreams of colonizing India.

State whether the following are true or false:

1. Manual labour was replaced by the machines during the Industrial Revolution.
2. Small-scale production flourished during the Industrial Revolution.
3. Capitalists were the have-nots.
4. There was a wide gulf between the capatalists and the workers.
5. Capitalism is a set of economic theories based on the belief that the government should control the main industries.

Explain the term 'domestic system'.