Unit 3 Review

Which philosophy was created by Karl Marx, abolished private property, and pushed for equality of the working class?

• Capitalism

• Communism

• Fascism

• Mercantilism

Which economic system was favored by Adam Smith, includes entrepreneurs, and relies on competition for regulation?

• Mercantilism

• Capitalism

• Communism

• Positivism

Karl Marx LOVED capitalism

• True

• False

How did the Industrial Revolution improve the standard of living in England?

• Increased the production of affordable goods

• Provided new raw materials

• Protected industries from foreign competition

• By giving government more power to regulate businesses

Which statement is not associated with labor unions?

• Wanted to allow children to work alongside their families

• Encouraged worker organized strikes to increase wages and improve working conditions

• Wanted worker rights and collective bargaining

• Lobbied for laws to improve the lives of workers

Stronger countries exploiting weaker counties is called ________.

• Imperialism
• Nationalism
• Industrialism
• Communism

The Sepoy Mutiny in India and Boxer Rebellion in China were both examples of

• Responses to European imperialism

• Conflicts over religion

• Stages of economic development

• Reasons for colonization

Which factor encouraged European powers in the late 1800s to expand colonization efforts in South Africa?

• the use of native populations for labor and military use

• the establishment of alliances for military mobilization

• the discovery of rare minerals such as gold and diamonds

• the development of markets for manufactured goods

Identify three economic motivations for imperialism.

• Overseas colonies offered a haven for the settlement of surplus populations

• European and American industries needed more sources of coal.

• Cheap raw materials from overseas colonies were needed to sustain industrialization.

• 
  Communism could more easily be shared with other nations.

• Overseas colonies offered markets for manufactured goods.

Which view would Karl Marx be most likely to support?

• All workers should share the means of production equally

• A free market best supports the needs of the workers

• The role of government is to regulate the means of production

• Businesses should own the means of production