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Industrial Revolution Economics Capitalism VS Communism Flashcards | StudBud
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Industrial Revolution Economics Capitalism VS Communism
Industrial Revolution Economics Capitalism VS Communism
16 terms
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StudBud Administration
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Industrial Revolution
Flashcards
16 cards
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Questions
16
Answers
1
Select the economic system that would best complete the chart.
socialism and communism
liberalism and conservatism
free enterprise and mixed market
2
Which is
NOT
a feature of a communist economy?
green
yellow
red
blue
3
Karl Marx wanted everyone to have
the right to own private property
an equal share of the economic wealth
4
Each helped improve the harsh working conditions during the Industrial Revolution EXCEPT
red
yellow
blue
green
5
During the Industrial Revolution, the
major
criticism of capitalism was that
it didn’t produce enough wealth for big businesses
the middle class was forced to live in poverty
the wealth was distributed unequally
6
All of the following are true of Adam Smith
EXCEPT
green
blue
red
yellow
7
What developed as a response to the factors seen on the diagram?
communism
capitalism
mercantilism
8
The
main
goal of labor unions in the 19
th
century was to
improve wages and working conditions
elect officials friendly to management
put an end to difficult and hard work for children
9
What economic system fueled the Industrial Revolution?
mercantilism
socialism
capitalism
communism
10
Which economic system is being described?
capitalism
socialism
mercantilism
communism
11
According to Adam Smith, what will prevent the producers of goods from charging high prices?
conflict
competition
nationalism
cooperation
12
The items from the chart are all linked to
Adam Smith
Karl Marx
13
Which combination correctly identifies the 2 economic systems shown in the diagram?
capitalism and free trade
mercantilism and socialism
socialism and capitalism
socialism and communism
14
According to the quote, Marx & Engels felt that factory workers in England
were being exploited by the middle class
were becoming too wealthy
15
How did labor unions press their demands?
they raised funds to buy companies
they organized strikes
16
Which is
NOT
an idea put forward in the
Communist Manifesto
?
blue
yellow
green
red