Communism
The position on the spectrum.
What is far-left, non-liberal?
The position on the spectrum.
What is very left?
The position on the spectrum.
What is middle?
The position on the spectrum.
What is very right?
During the Industrial Revolution, this Act ensured better working conditions and limited worker exploitation.
What is The Factory Act?
This economic thinker felt capitalism was flawed and predicted its demise.
Who is Marx?
Welfare states provide strong safety ______.
What are nets?
This thinker believed severe economic troubles could be solved with government intervention.
Who is Keynes?
This famous writer criticized lassez-faire capitalism.
Who is Dickens?
This revolutionary event rejected laissez-faire capitalism and ushered in centrally planned economic practice.
What is the Industrial Revolution?
Two important liberal economic principals that don't exist in communism.
What is private property and economic freedom?
These are adjusted based on income level.
What are progressive taxes? (progressive taxation)
Mixed-economy governments regulate fiscal and __________ policy.
What is monetary?
Two things supply side governments cut for businesses.
What are taxes and regulations?
During the industrial revolution, these people protested technology replacing workers and exploitative working conditions.
Who are Luddites?
The pragmatic leader who came before Stalin.
Who is Lenin?
This is a "universal" service in all welfare states.
What is health care?
These programs ensure that the unemployed and the destitude get help.
What are social programs?
This economic thinker felt the government was too stupid to run the economy.
Who is Hayek?
These two supply-side leaders cut regulations and busted unions.
Who are Thatcher and Reagan?
Modernize, industrialize, and _________________ were goals of the Five Year Plan.
What is collectivize?
Womb to tomb, or cradle to __________ policies.
What is grave?
___________ policy determines government spending.
What is fiscal?
The only thing that supply-side governments regulate.
What are interest rates?
This era witnessed high unemployment, failing banks, and a stock market crash.
What is the Great Depression?
Man-made famine due to collectivization and poor planning.
What is Holodomor?
This socialist democratic country always ranks the higest in happiness/ well-being.
What is Sweden?
The economic term that decribes boosting the economy in a recession. (P____ the P__________)
What is prime the pump?
This theory believes that wealth at the top will flow down to the poor.
What is trickle-down theory?
Franklin Roosevelt's solution to dire economic conditions.
What is The New Deal?