 Who felt that government actions are useful if the government promoted the greatest good for the greatest amount of people?  A. Adam Smith  B. Thomas Malthus  C. David Ricardo  D. Jeremy Bentham

 John Stuart Mill favored what type of working system?  A. Cooperative system of agriculture  B. Substance farming  C. Capitalism  D. None of the above

 In socialism, the government controls which of the following?  A. Factories  B. Railroads  C. Industry  D. Mines  E. All of the above

 Karl Marx is known for what?  A. Wrote The 3 Natural Laws of Economics  B. Wrote The Communist Manifesto  C. Wrote Death to Capitalism  D. Wrote Capitalists are Mars and Economists are from Venus

 According to Marx, after a period of time the government would go away as a classless society developed, this was called?  A. Communism  B. Socialism  C. Capitalism  D. All of the above

 Jeremy Bentham took Smith’s ideas and modified it  Utilitarianism  Govt. should promote the greatest good for the greatest number of people.  Govt. was only good if they promoted this goal

 Led Utilitarianism movement in 1800’s  Workers should not live deprived lives  Favored – Cooperative system of agriculture Women’s rights Reform in education and prison system

 To offset the problems of industrialization with a new system (Socialism)  Government should plan the economy rather than focus on the free market system  Government controls Factories Railroads Industry Mines

 German journalist introduced Marxism  Wrote the The Communist Manifesto  Argued that human have been divided into warring classes  Bourgeoisie  Proletariat  Enriched the wealthy & impoverished the poor

 Capitalism would destroy itself  Proletariat would revolt  Seize control of factories from capitalist  Produce only what society needs  Economic equality for all people

 The workers would share the profits  After a period of cooperative living and education, the government would go away as a classless society developed  Last phase was called Communism

 Who felt that government actions are useful if the government promoted the greatest good for the greatest amount of people?  A. Adam Smith  B. Thomas Malthus  C. David Ricardo  D. Jeremy Bentham

 John Stuart Mill favored what type of working system?  A. Cooperative system of agriculture  B. Substance farming  C. Capitalism  D. None of the above

 In socialism, the government controls which of the following?  A. Factories  B. Railroads  C. Industry  D. Mines  E. All of the above

 Karl Marx is known for what?  A. Wrote The 3 Natural Laws of Economics  B. Wrote The Communist Manifesto  C. Wrote Death to Capitalism  D. Wrote Capitalists are Mars and Economists are from Venus

 According to Marx, after a period of time the government would go away as a classless society developed, this was called?  A. Communism  B. Socialism  C. Capitalism  D. All of the above