chapter 12, promise & performance in the command economy

Question 1

event in 1917 which began the rise communism

Answer 1

russia’s bolshevik revolution

Question 2

the promotion of one’s own nation and government regardless of moral considerations

Answer 2

nationalism

Question 3

an economic system based upon public ownership and governmental control of the production and distribution of nearly all national resources

Answer 3

communism

Question 4

man who is credited with formulating the basic ideas of communism

Answer 4

karl marx

Question 5

influential pamphlet that outlined steps for establishing communism worldwide

Answer 5

the communist manifesto

Question 6

property owners that would be over thrown

Answer 6

bourgeois

Question 7

common working class

Answer 7

proletariat

Question 8

four terms used in this text that describe different types of socialism

Answer 8

welfare capitalism, managed capitalism, democratic socialism, market socialism

Question 9

any economic system based upon collective ownership and control of many or most national resources

Answer 9

socialism