World History Midterm 2

The system of public or direct worker ownership of the means of productions such as the mills to make cloth or the machinery and land needed to mine coal. (WH 4.2)

• Feminism

• Liberalism

• Socialism

• Capitalism

Adam Smith's, Wealth of Nations stressed the importance of ... ( WH 4.2)

• tradition

• large corporations

• supply and demand

• government ownership

The economic system in which the means of production, such as factories and natural resources are privately owned and are operated for profit. (WH 4.2)

• Conservatism

• Capitalism

• Socialism

• Liberalism

What writing is Karl Marx known for? (WH 4.2)

• Communist Manifesto

• Proletariat Uprising

• Lord of the Rings

• Capitalism II: Let's Make More Money

The era of the "cottage industry" was rendered mostly by (WH 3.4)

• proto industry

• Age of Exploration

• commercial industry

• The Great Depression

Unlike those in commercial industry, people in "Cottage" industries (WH 3.4)

• produced textile clothing goods.

• tended to work in large urban populations.

• manufactured large products made from steel.

• usually produced goods out of the own homes.

Which traits characterize a laissez-faire capitalist economic system? (WH 4.1)

• slash and burn agriculture & animal powered technology

• private property and profit incentive

• central planning and governmental quotas

• natural healthcare and social security

The agricultural revolution would allow for ...(WH 3.2)

• larger populations

• increase in wealth of peasent

• decrease poplutions

• more small family farms

Eli Whitney developed the idea of "Interchangeable Parts" when working on... ( WH 3.3)

• firearms

• oil wells

• steel plows

• light bulbs

According to Karl Marx, which of the following groups of people is considered to be the "ruling Class?" (WH4.2)

• Bourgeoise

• Communists

• Proletariat

• Socialists