An economic system where businesses and property are privately owned and operated.

An economic system where businesses and property are owned by the government.

An economic system where businesses and property are owned by the community.

An economic system where businesses and property are owned by foreign investors.

In a capitalist system, what are people free to do?

Only invest in government projects.

Only work for non-profit organizations.

What is the definition of capitalism?

An economic system in which businesses and property are privately owned and privately operated

An economic system in which businesses and property are publicly owned and operated by the government

An economic system in which businesses and property are owned by a single entity

An economic system in which businesses and property are owned by foreign investors

What is one effect of competition in capitalism according to the text?

It usually causes a business to sell good products or services so it can grow.

It eliminates the need for marketing.

It reduces the quality of products.

How did capitalism affect the standard of living for most Americans?

It brought a high standard of living.

It lowered the standard of living.

It had no effect on the standard of living.

It caused a decline in living conditions.

What negative effect did capitalism have according to the text?

It caused some people to treat others unjustly.

It led to a decrease in innovation.

It made products more expensive.

It reduced the number of businesses.

What is Social Darwinism?

Darwin's theory of survival of the fittest applied socially or to business

Darwin's theory of evolution applied to animals

A social theory that promotes equality

A business strategy for economic growth

What did many Americans come to believe was necessary regarding government and business?

Privatization of all businesses

What does the French phrase "laissez faire" mean?

Let it alone; the idea that a capitalist economy develops best without government interference

Work together; the idea that a capitalist economy develops best with government support

Help each other; the idea that a socialist economy develops best with community support

Stand together; the idea that a socialist economy develops best with government interference

What was the main reason Western farmers and smaller companies objected to the rates charged by railroads?

They argued the rates were unfairly set.

They believed the rates were too low.

They thought the rates were too complicated.

They wanted to build their own railroads.

What was created by the Interstate Commerce Act?

Securities and Exchange Commission

Federal Communications Commission

What was the main reason many Americans were suspicious of trusts in the late 19th century?

They were upset that large trusts drove smaller companies out of business.

They believed trusts were beneficial for small businesses.

They thought trusts helped improve the economy.

They felt trusts were necessary for industrial growth.

What was the Sherman Antitrust Act eventually used for?

To break up, or dismantle, large companies

What was the goal of the Knights of Labor?

To form one big union for all workers—skilled and unskilled, men and women

To form a union for skilled workers only

To form a union for unskilled workers only

What was the primary goal of the Knights of Labor union?

To form one big union for all workers

To create a union for skilled workers only

Chapter 16.4 Review

Quiz

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Social Studies

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8th Grade

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Practice Problem

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Easy

Kayla Jackson

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Chapter 16.4 Review

44 questions

Which of the following is a change in American life related to population?

Which change in American life involves the economy and business activities?

Which change in American life is associated with having more free time?

Which of the following is a problem that arose in urban areas?

Which change in American life involves changes in household dynamics?

Which change in American life is related to financial growth?

What does the term "materialism" mean?

What is capitalism?

In a capitalist system, what are people free to do?

Who can go into business and compete with others in a capitalist system?

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