Vocab
A disagreement between two or more people or countries, sometimes resulting in war
Conflict
Did Russians like Nicolas II? Why not?
No because he forced them to fight in WW1
What years were WW1?
1914-1918
The person who has the idea to start the business is a...
Entrepreneur
There's lots of choices on products consumers can pick from
Free Enterprise
A type of government where the powers of the government are limited by things like a constitution or checks and balances
Limited Government
What was the event where Russians were killed during a protest against Nicolas II?
Bloody Sunday
In the MAIN causes of WWI, what does the N stand for?
Nationalism
The natural materials needed for a business
Resources
Command Economy
Not enough of something, a lack of resources (ex: lack of toilet paper during COVID 19)
Scarcity
What family ruled as absolute monarchs for 300 years in Russia?
the Romanavs
What event officially started the war?
The people needed to work in a business
Labor
there is no incentives to work hard because there are no promotions for working harder
Command Economy
A formal agreement between two countries to look out and take care of each other
Alliance
After Czar Nicolas II was forced to step down, Vladimir Lenin took over. Russia shifted from Russia to the Soviet Union and they changed from an Absolute Monarchy to a.....
Totalitarianism
Name one of the countries that was created after WW1
The tools, equipment, and money needed to start a business
Capital
Despite there being unemployment, inflation, and inequality- the sky is the limit and as long as you work hard you can achieve whatever you like.
Free Enterprise System