Capitalism
Economist known as the "Father of Capitalism".
What is Adam Smith?
Policy or idea that reduces class inequality.
What is redistribution of wealth?
The well-known founder of Communism.
What is Karl Marx?
The main natural resource led to the Industrial Revolution.
What is Coal?
An organization formed to protect the rights of workers.
What are Labor Unions?
Economic policy of no government interference.
What is laissez-faire economics?
Socialist nation in the Caribbean as of 1961.
What is Cuba?
The book written by by Marx and Engels that outlined communism.
What is the Communist Manifesto?
The most important invention of the Industrial Revolution.
What is the steam engine?
The defensive industrailization movement in Japan.
What is the Meiji Restoration?
Another name for the exploited working class.
What is the proletariat?
The main economic criticism of socialism.
What are market deficiencies?
The result of a single-party government with total rule.
What is totalitarian rule?
A system that centralizes workers in a large facility and divides labor.
What is the factory system?
Chinese movement that used Western technology to modernize the nation.
What is the Self-Strengthening Movement?
The symbol for the free market guiding economic decisions.
What is the invisible hand?
The main political criticism of socialist governments.
What are oppressive governments?
The communist revolution in Russia.
What is the Bolshevik Revolution?
The result of the expansion of factories centralized in cities.
What is urbanization?
The failed industrialization movement in the Ottoman empire.
What is the Tanzimat Reforms?
Adam Smith argued against the trade restrictions of this economic system.
What is Mercantilism?
Philosophy of a socially owned economy and an elected government.
What is Democratic Socialism?
The result of goods being equally shared in a society.
What is a classless society?
The process where factory workers focus on specific tasks in production.
What is Specialization of Labor?
The form of housing created by rapid urbanization.
What is Tenement housing?