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Industrial Revolution: Capitalism VS Communism Flashcards | StudBud
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Industrial Revolution: Capitalism VS Communism
Industrial Revolution: Capitalism VS Communism
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Industrial Revolution
Flashcards
12 cards
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Questions
12
Answers
1
Which combination correctly identifies the 2 economic systems shown in the diagram?
mercantilism and socialism
socialism and capitalism
capitalism and free trade
socialism and communism
2
Which is
NOT
an idea put forward in the
Communist Manifesto
?
blue
red
green
yellow
3
According to the quote, Marx & Engels felt that factory workers in England
were being exploited by the middle class
were becoming too wealthy
4
During the Industrial Revolution, the
major
criticism of capitalism was that
the middle class was forced to live in poverty
the wealth was distributed unequally
it didn’t produce enough wealth for big businesses
5
Karl Marx wanted everyone to have
an equal share of the economic wealth
the right to own private property
6
All of the following are true of Adam Smith
EXCEPT
blue
green
yellow
red
7
According to Adam Smith, what will prevent the producers of goods from charging high prices?
competition
nationalism
cooperation
conflict
8
Which is
NOT
a feature of a communist economy?
green
blue
yellow
red
9
Which economic system is being described?
communism
capitalism
socialism
mercantilism
10
What developed as a response to the factors seen in the diagram?
communism
capitalism
11
The items from the chart are all linked to
Karl Marx
Adam Smith
12
Select the economic system that would best complete the chart.
liberalism and conservatism
free enterprise and mixed market
socialism and communism