Capitalism and Socialism

Which of the following is not an example of an ideology?

• Christianity

• Capitalism

• Marxism

• Communism

The rise of imperialism impacted the rise of ideologies.

• True

• False

____________ is the idea that privately owned businesses and means of production determined by supply and demand should be prioritized by government.

Who is known as the "father of modern economics"?

• John Smith

• Joseph Smith

• Adam Smith

• John Rolfe

What does laissez-faire mean?

• To let be

• Let it go

• To let be

• Supply and demand

What ideology did the American Dream arise from?

• Capitalism

• Christianity

• Communism

• Socialism

A(n) ____________ is an idealized place or state of perfection.

The idea of socialism began in ____________, France, and England during the rise of the Industrial Revolution.

• United States

• Germany

• Russia

• Italy

Marxism explains why there were rich and poor and why capitalism forced the majority to struggle just to survive, which developed into the ideology of communism.

• True

• False

____________ is a more advanced form of socialism where the means of production is controlled by the government and private ownership does not exist.