Question

Which issues slowed the speed of industrialization in some countries? Check all that apply.

limited government financing
a lack of resources
economic problems
unskilled workers
political instability

Answer 1

All of them. Each of the following could slow industrialization:

- limited government financing — less public investment in infrastructure, railways, and subsidies
- a lack of resources — shortage of coal, iron, or other raw materials hindered factories
- economic problems — recessions, debt, or lack of capital formation reduced investment
- unskilled workers — limited technical skills slowed productivity and adoption of new methods
- political instability — wars, revolutions, or weak governments disrupted investment and planning