Industrial Revolution 2020

Front

This economist believed in communism.

Back

Karl Marx

Front

This economic theory believes in laissez faire and says that the government should not interfere in the economy.

Back

Capitalism

Front

This economist believed in communism.

Back

Karl Marx

Front

This economic theory states that wealth should be distributed equally among everyone. Everyone gets what they need.

Back

Socialism

Front

This economist believed in socialism.

Back

Karl Marx

Front

This economic theory states that there should be no economic classes (ex. no rich, no poor).

Back

Socialism/communism

Front

This economic theory states that competition and supply and demand will determine the prices of goods.

Back

Capitalism

Front

These were groups of workers that tried to improve working conditions, pay, and remove child labor.

Back

Labor Unions

Front

This economist was a capitalist.

Back

Adam Smith

Front

Which invention allowed for the faster transportation of resources and finished goods, people, and provided many jobs? Options: Automobile, Subway, Train, Airplanes

Back

Train