Industrial revolution 4

Question 1

Free marketed capitalism ( what determines price )

Answer 1

-Unregulated exchange
- No government
-Demand determines the price
-Adam smith

Question 2

Trickle-down economics ( who and what )

Answer 2

-Ronald Rhegan
-Rich gets the most privilege
-Passed down to the poor

Question 3

What did Thomas Malthus do

Answer 3

-Noticed the population had a sudden increase (exponential)
-“How many people can live on earth before the food runs out?”
-Food supply = Linear
-When food meets the population, no more food

Question 4

Carrying capacity

Answer 4

-How much food can we supply

Question 5

What kept the population down?

Answer 5

-War, disease, lack of food

Question 6

Socialism or socialist (pros and cons)

Answer 6

-Organizing society controlled by the government (industry)
-Better prices, longer-lasting companies
-limits creativity, boring

Question 7

What is the main con of Socialism

Answer 7

-The kids have it easy and free, but when they’re adults taxes are super high

Question 8

Communism

Answer 8

-2 groups
-Haves = own the society
-Have nots = poor, working, no power

Question 9

Class warfare

Answer 9

-War between rich and poor
-Poor wins
-Everything will be equal
-No personal property

Question 10

Who wrote the communist manifesto?

Answer 10

-Kari Marxs