In The Communist Manifesto, Karl Marx and Friedrich Engels expressed the idea that

profits from work should belong to the workers

Which characteristic is associated with an economy based on the principles of laissez-faire?

prices based on supply and demand

Karl Marx predicted that laissez-faire capitalism would result in

a revolution led by the proletariat

Which statement about railroad systems in the 19th and early 20th centuries is accurate?

Railroads helped promote the factory systemand urbanization.

Which traits characterize a laissez-faire capitalist economic system?

private property and profit incentive

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Industrial Revolution 2

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Industrial Revolution

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Answers

1
In The Communist Manifesto, Karl Marx and Friedrich Engels expressed the idea that
supply and demand should control prices
religion should be the most important factorin society
profits from work should belong to the workers
power should be determined by a person’s wealth
2
Which characteristic is associated with an economy based on the principles of laissez-faire?
some goods exchanged for other goods of equal value
prices based on supply and demand
production quotas established by the central government
distribution of goods by thecustoms of traditional society
3
Which country had these characteristics and used them to industrialize in the 1700s?
Great Britain
Germany
Japan
Italy
4
Karl Marx predicted that laissez-faire capitalism would result in
a revolution led by the proletariat
an equal distribution of wealth and income
a return to manorialism
fewer government regulations
5
Which statement about railroad systems in the 19th and early 20th centuries is accurate?
Railroads helped promote the factory systemand urbanization.
Railroads made transportation of goods lessefficient.
Imperialists rejected the use of railroads intheir colonies.
European governments opposed the developmentof railroads
6
What was a result of the Industrial Revolution in Europe?
an increase in nomadic herding
the growth of the middle class
a decline in urban population
a decrease in international trade
7
During the 1800s, the writings of Marx, Engels, and Dickens focused on the problems faced by
factory owners
investment bankers
farm laborers
industrial workers
8
Which idea is most closely associated with laissez faire economics?
trade unionism
communes
free trade
subsistence agriculture
9
Adam Smith’s Wealth of Nations stressed the importance of
supply and demand
government ownership
tradition
large corporations
10
Which traits characterize a laissez-faire capitalist economic system?
central planning and government quotas
national health care and social security
private property and profit incentive
slash-and-burn agriculture and animal-powered technology

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