Responses to the Industrial Revolution

Socialists want to abolish private property and make everyone completely equal.

• true

• false

Capitalists believe that wages and  prices should be set based on supply and demand and not set by laws or government policies. 

• True

• False

Communists believe that the lower classes should overthrow their oppressors in a global revolution.

• True

• False

The working class during the industrial revolution tended to support Capitalist ideas.

• True

• False

Capitalists believe that competition is good for society.

• True

• False

Communism is more radical than socialism.

• True

• False

Socialists believe that the government should be limited and that the economy should operate without too many restrictions.

• True

• False

Capitalists would support minimum wage laws as a way to increase productivity and profits.

• True

• False

What would "capitalism" have to say about the issue of low wages for workers.

• Let the factory owners pay what they want; if wages are too low, no one will work for them

• the government should set a minimum wage

• stop paying wages all together because private property is the source of all conflict

What would "socialism" have to say about the issue of low wages for workers?

• stop paying workers all together because private property is the source of all conflict

• let the factory owners pay what they want; if wages are too low no one will work for them

• government should set a minimum wage