Rise of Capitalism and Reactions to Capitalism (unit 5) "1750-1900" Quiz

Rise of Capitalism and Reactions to Capitalism (unit 5) "1750-1900"

Assessment

•

Thomas Green

•

others

•

Hard

Student preview

7 questions

Show all answers

1.

OPEN ENDED

30 sec • 1 pt

Who created capitalism?

Answer explanation

Adam Smith

2.

OPEN ENDED

30 sec • 1 pt

What is capitalism?

Answer explanation

-government is not involved in the economy -free market economy, private individuals control the economy

3.

OPEN ENDED

30 sec • 1 pt

Who created Classical Liberalism?

Answer explanation

John Stuart Mill

4.

OPEN ENDED

30 sec • 1 pt

What is Classical Liberalism?

Answer explanation

-based on democracy -rule of law(nobody above law) -civil liberties

5.

OPEN ENDED

30 sec • 1 pt

Reaction to Capitalism: Marxism/Communism

Answer explanation

-With industrialization the struggle is between the bourgeoisie(upper/middle class) and the proletariats (working class) -Revolution of proletariats will lead to a classless society

6.

OPEN ENDED

30 sec • 1 pt

Anarchism

Answer explanation

Belief that government is unnecessary or harmful

7.

OPEN ENDED

30 sec • 1 pt

Socialism

Answer explanation

The state owns the factors of production: emphasis on the govt support of the population through welfare type programs made possible by high taxation

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