History - 33. Capitalism and Socialism

What is capitalism characterized by?

• Innovation and investment to increase wealth

• Centralized planning and government control

• Barter system and self-sufficiency

• Feudalism and serfdom

Which economic system relies on investment of capital in machines and technology to increase production of marketable goods?

• Mercantile capitalism

• Communism

• Socialism

• Industrial capitalism

What was a global phenomenon involving borrowing money to buy goods for resale at a profit?

• Mercantile capitalism

• Feudalism

• Industrial capitalism

• Joint stock companies

Which country had advantages like dominance on the seas and profitable trade with colonies for the development of industrial capitalism?

• China

• Germany

• Britain

• France

What process involved reclaiming and privatizing fields that were previously held in common by multiple tenants?

• Privatization

• Enclosure

• Nationalization

• Collectivization

According to Marx, what is the focus of class struggle?

• Religious beliefs

• The struggle itself

• Social status

• Material possessions

Which French socialist believed in violent revolution by the working classes to overthrow capitalism?

• Auguste Blanqui

• Karl Marx

• Charles Fourier

• Comte de Saint Simon

What did Marx believe was the thing that gave life material meaning?

• Government

• Education

• Production or work

• Religion

What did Marx criticize capitalism for replacing egalitarian collaboration with?

• Cooperation

• Competition

• Conflict

• Innovation

What is one of the key ideas underlying Marx's theory of class struggle?

• Religious beliefs

• Material possessions

• Social status

• Production or work