Labor Movements and Economic Theories

The video reviews reactions to the industrial economy, highlighting government reforms, labor unions, Marxism, and the Tanzimat reforms. It discusses the negative aspects of industrialization, such as poor working conditions and low wages, and the responses to these issues, including government interventions, the rise of labor unions, and Marxist theories. The Tanzimat reforms in the Ottoman Empire are also examined as a modernization effort.

What is the main idea behind capitalism as discussed in the video?

• A market controlled by labor unions

• A free market without government intervention

• A regulated market

• Government control of the market

Which of the following is NOT one of the four main reactions to the industrial economy?

• Marxism

• Feudalism

• Labor unions

• Government reform movements

What was the purpose of the Sadler Report?

• To support the free market

• To encourage Marxism

• To document the conditions of child laborers

• To promote industrialization

Which country was the first to industrialize and implement government reforms?

• United States

• France

• Germany

• Great Britain

How did labor unions aim to improve workers' conditions?

• By collectively bargaining for better conditions

• By forming alliances with employers

• By increasing taxes

• By reducing working hours to 8 hours a day

Which of the following was a result of the labor union movements?

• Elimination of all unions

• Collective bargaining rights

• Decreased wages

• Increased working hours

What is the ultimate goal of Marxism as discussed in the video?

• To strengthen the power of the bourgeoisie

• To create a classless society

• To promote capitalism

• To maintain the status quo

Which reform movement aimed to modernize the Ottoman Empire?

• The Meiji Restoration

• The Sadler Report

• The Tanzimat Reforms

• The Industrial Revolution

What was a key feature of the Tanzimat Reforms?

• Promoting Ottomanism

• Strengthening feudalism

• Supporting Marxism

• Encouraging isolationism

What was a major critique of Marxism mentioned in the video?

• It was too focused on individualism

• It was never implemented

• It led to some of the deadliest regimes

• It was too supportive of capitalism