Karl Marx

During the 1800s, the writings of Marx, Engels, and Dickens focused attention on the problems faced by

• factory owners

• investment bankers

• farm laborers

• industrial workers

Where did Karl Marx predict a revolution of the proletariat would occur first?

• industrial Europe

• independent Latin America

• colonial Africa

• agricultural Russia

Karl Marx predicted that laissez-faire capitalism would result in

• a return to manorialism

• a revolution led by the proletariat

• fewer government regulations

• an equal distribution of wealth and income

Karl Marx and Friedrich Engels encouraged workers to improve their lives by

• electing union representatives

• participating in local government

• overthrowing the capitalist system

• demanding pensions and disability insurance

In The Communist Manifesto, Karl Marx and Friedrich Engels expressed the idea that

• religion should be the most important factor in society

• power should be determined by a person’s wealth

• profits from work should belong to the workers

• supply and demand should control prices

“. . . They [the Communists] openly declare that their ends can be attained [achieved] only by the forcible overthrow of all existing social conditions. Let the ruling classes tremble at a Communist revolution. The proletarians have nothing to lose but their chains. They have a world to win. Working men of all countries, unite!”

— Friederich Engels and Karl Marx, Communist Manifesto, 1848

These views, expressed by Engels and Marx, were developed in reaction to the

• unification of Germany

• Commercial Revolution

• Congress of Vienna

• Industrial Revolution

Which event had the greatest influence on the development of laissez-faire capitalism?

• fall of the Roman Empire

• invention of the printing press

• Industrial Revolution

• Green Revolution

Laissez-faire capitalism as attributed to Adam Smith called for

• heavy taxation of manufacturers

• strict government control of the economy

• minimal government involvement in the economy

• government investments in major industries

Which characteristic is associated with an economy based on the principles of laissez-faire?

• prices based on supply and demand

• production quotas established by the central government

• distribution of goods determined by the customs of a traditional society

• some goods exchanged for other goods of equal value

Adam Smith’s Wealth of Nations stressed the importance of

• tradition

• supply and demand

• large corporations

• government ownership