Show:
Adam Smith
Capitalism
Great Britain
Leisure Time
MISCELLANEOUS??
100
Adam Smith was from this country.
What is Scotland
100
Capitalism leads to a higher ____________ than communism
What is standard of living
100
Great Britain had these two resources easily accesible in its land to fuel the Industrial Revolution
What is coal and iron
100
After a long day working, the men of the factories spent far too much time in these places.
What is Saloons (or Lodges)
100
This French term was used by Adam Smith to describe a hands off policy of government with respect to the economy
What is Laissez-faire
200
This book is considered the most important work on free market capitalism.
What is The Wealth of Nations, 1776
200
Risk takers like Andrew Carnegie are examples of these.
What is entrepreneurs
200
Britain set up its factories along rivers for these two reasons.
What is transportation and power
200
A married women's life was centered around this
What is the home
200
This man's book was called the Communist Manifesto
What is Karl Marx
300
Smith used this type of factory to study his idea of a division of labor.
What is a pin factory
300
Competition in the market forces companies to constantly do this
What is innovate or improve their product
300
This man invented the steam engine in 1769
What is James Watt
300
Children spent most of their leisure time playing here
What is the street
300
This is the point where supply equals demand
What is Equilibrium
400
Smith argued this force controlled the markets and the economy.
What is the invisible hand
400
As parts move along this they are put together by workers
What is assembly line
400
Great Britain tried to keep this from spreading beyond its borders but failed.
What is technology
400
This sport became extremely popular during the early industrial revolution in America
What is Baseball
400
The best part of the Socialist ideal is that everyone is this
What is equal
500
In this lesser known first book by Adam Smith he argued that human beings were more than selfish creatures but posessed compassion and pity
What is THE THEORY OF MORAL SENTIMENT, 1759
500
In a capitialist system, the factors of production are controlled by ______________.
What is private owners
500
The division of labor brought these two groups into the workplace
What is women and children
500
This pail of beer could be brought home for 5 cents
What is a growler
500
This man believed humans could not produce enough food to allow the population to continue growing
What is Thomas Malthus