Question

During the ______, everyone had a fairly equal chance of being an entrepreneur; inventors became more commonplace, producing new products and services alongside the merchants and industrialists.

A. First Industrial Revolution (1776–1865)
B. Second Industrial Revolution (1865–1920)
C. Interwar and Postwar America (1920–1975)
D. Knowledge Economy (1975–present)

Answer 1

The correct answer is the option D: Knowledge Economy (1975-present)

Step-by-step explanation:

To begin with, the "knowledge economy" is the latest stage of development in global economic restructuring and it represents the use of the knowledge, of the information, in order to obtain better results in the products made. This particulary phase of the history is characterized by the fact of being the one that impulse and increase the investment in human capital and that primarily focus on the education of the workers so in that way they could bring more value to the product. That is why, during this stage everyone had a fairly equal chance of being an entrepreneur, due to the education and advancements made.

Answer 2

A. First Industrial Revolution (1776-1865

Step-by-step explanation:

The first industrial revolution was marked by shift in labour. As the colonies expanded, there were also expansions in opportunities, interest in property ownership, manufacturing, inventions, and innovations. Merchants and entrepreneurs were given loans to secure capital.

Entrepreneurial activities were pursued by the inventors in the first industrial revolution. During this revolution there was the opening of a textile mill in Pawtucket, Rhode Island, in 1793 by the recent English immigrant Samuel Slater. There was Eli Whitney’s invention of the cotton gin in 1793. Howe's sewing machine in 1845, and Samuel Morse telegraph, 1830s–1840s.