Gilded Age

Gilded Age

Assessment

Flashcard

History

9th Grade

Hard

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16 questions

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1.

FLASHCARD QUESTION

Front

An idea opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights

Back

Laissez Faire

2.

FLASHCARD QUESTION

Front

Economic system where central government owns all property and controls all aspects of the economy.

Back

Communism

3.

FLASHCARD QUESTION

Front

Economic system where businesses are privately owned and goods and services are sold for a profit. Also called a free-market economy.

Back

Capitalism

4.

FLASHCARD QUESTION

Front

Economic system where government owns some industries (businesses), while others are privately owned. The government uses profits to pay for services such as health and education.

Back

Socialism

5.

FLASHCARD QUESTION

Front

Author of An Inquiry into the Nature and Causes of the Wealth Of Nations (1776), one of the most influential books ever written.

Back

Adam Smith

6.

FLASHCARD QUESTION

Front

Considered the founder of Communism, wrote "The Communist Manifesto."

Back

Karl Marx

7.

FLASHCARD QUESTION

Front

What is a slum?

Back

Highly populated and poor area in the city

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