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Reforming the Industrial World

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  • What was the bourgeoisie?
    The middle class
  • Why were there more philosophers thinking about economy improvements?
    Because of the negative effects of the Industrial Revolution.
  • What were Smith arguments about economy?
    The three natural laws of economics
  • Where did Socialism start?
    In France
  • Who else supported Adam Smith's ideas?
    Thomas Malthus and David Ricardo
  • What does the term laissez faire mean?
    Let people do as they please with no intervention of the government.
  • Who were the "have-nots" or proletarians?
    Workers
  • In what way do Capitalism and Socialism differ?
    Socialism believes that governments should interfere in the economy.
  • Who is considered the father of Capitalism?
    Adam Smith, a professor at the University of Glasgow, Scotland
  • Who believed that there were most people destined to be always poor and miserable?
    Thomas Malthus
  • Which writing showed the ideas of Marxism?
    The Communist Manifesto
  • What is utopia?
    a perfect living place
  • What is Marxism?
    Extreme Socialism or Communism
  • Mention at least one representative of utilitarianism philosophy
    Jeremy Bentham and John Stuart Mill
  • What were the three natural laws of economics about Adam Smith?
    The law of self-interest, the law of competition and law of supply and demand
  • Which economist of capitalism secretly donated large sums of his income to charities?
    Adam Smith
  • According to Marx , what is the dictatorship of the proletariat?
    Workers would control the government.
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